Low-price freehold one-bed — renovation needed, strong LHA rental upside..
Freehold one-bedroom ground-floor flat, approx. 396 sq ft
Guide price reflects full refurbishment requirement throughout
Post-works LHA rental potential £5,265 per annum
Sold at auction — buyer’s premium 3.6% (min £3,600)
EPC rating E; Council Tax Band A (very cheap)
Garage included; good mobile signal and fast broadband
Very deprived area; local demand may be price-sensitive
Open viewings on listed dates — inspect to confirm condition
This ground-floor one-bedroom flat in Cumbernauld is a clear refurbishment opportunity for investors or first-time buyers prepared to renovate. At around 396 sq ft it’s compact but freehold and offered at a low guide price, reflecting the work required and the building’s 1960s/1970s character.
Post-refurbishment rental potential aligns with the published LHA rate of £5,265 per year, making this attractive as a buy-to-let. The property benefits from excellent mobile signal, fast broadband, a garage and convenient access to the M80 and local rail links, supporting tenant demand for transport and connectivity.
Known negatives are material: the flat requires upgrading throughout, has an EPC rating of E, and is in a very deprived local area with hard-pressed flat dwellers — factors that may affect resale and letability. The sale will be by auction and purchasers should budget for the buyer’s premium (3.6%, minimum £3,600) and for renovation costs.
Viewings are scheduled (listed dates) — prospective buyers should inspect to assess condition and scope of works. This is a practical project for someone seeking a low-entry freehold asset with clear scope to add value through refurbishment.