Summary - 1/1, 89, HOLMSCROFT STREET, GREENOCK PA15 4DF
2 bed 1 bath Flat
Low-entry buy-to-let with immediate rental income and period character.
- Tenanted buy-to-let with rental income from day one
A ready-made buy-to-let in central Greenock, this first-floor sandstone tenement flat delivers immediate income with long-term tenants in situ. The property is fully compliant, generating £520pcm (12% yield) and includes inventory, so purchasers benefit from rent from day one. The Home Report valuation is £55,000 and the asking price is £49,995, presenting an opportunity for investors seeking a low-entry-cost asset.
Set in a traditional circa-1900 tenement, the flat retains period character such as high ceilings and a stone façade while providing modern essentials including gas central heating and an EPC rating of C. Accommodation (approx. 65 sq m) comprises entrance hallway, living room, fitted kitchen, two bedrooms and a three-piece bathroom. There is no private garden; on-street parking serves the building and the location is within walking distance of Greenock West station and town amenities.
Buyers should note the property sits in a very deprived area, which affects long-term capital growth prospects and tenant profiles. The building’s age means future maintenance or period-specific repair costs are possible; the sale is ‘as seen’ and includes the current inventory. For investors prioritising immediate cash flow and a low purchase price, this offers a straightforward, income-producing option. Owner-occupiers should be aware it is sold with tenants in place and may not suit those seeking immediate vacant possession.
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