Summary - 43, RESTON DRIVE, GLASGOW G52 2LP
3 bed 1 bath Flat
Cash-flowing 3-bed upper flat with renovation upside and tenant in situ — auction sale..
3-bedroom upper cottage flat with long-term tenant in situ since 2016
Sold at auction with Guide Price £78,000; Home Report £100,000
Currently £550 pcm rent; market rent estimated £795 pcm
Requires renovation and modernisation to maximise value
Freehold tenure; professionally managed by local letting agent
Located near rail, bus, schools, shops; good broadband and mobile signal
Area classed as very deprived; consider tenant profile and growth risks
Will be sold with tenancy in place; buyer must accept existing lease
A large three-bedroom upper cottage flat in Cardonald offered with a long-term tenant in situ, presenting an immediate income stream for investors. The property is professionally managed and currently produces £550 pcm, below local market rent of around £795 pcm — giving clear scope to increase income once tenancy terms allow.
The flat requires some renovation and modernisation to maximise capital and rental potential; cosmetics and updating are noted in the internal descriptions. Sold at auction with a guide price of £78,000 and a Home Report valuation of £100,000, this lot is priced to attract competitive bidding and quick completion. Comparable recent sales in the area are cited, supporting upside after improvement.
Practical positives include freehold tenure, excellent mobile signal and fast broadband, proximity to local shops, schools and Cardonald/nearby rail links, and very low council tax. Buyers should note the property sits in a very deprived area, which may affect tenant profiles and long-term capital growth. The sale is auction-only and will be sold with the tenant in place (in situ since 2016), so purchasers must accept the existing tenancy and associated management arrangements.
This opportunity is aimed at buy-to-let investors seeking immediate cash flow and value-add potential via modest refurbishment. It offers an estimated gross yield of c.8% at guide price, and a potential yield up to c.9.5% if rent is increased to market level — subject to tenancy law and tenant cooperation.
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