Summary - 2H, KILMORY TERRACE, PORT GLASGOW PA14 5PF
2 bed 1 bath Flat
Immediate income with high gross yield for renovation-focused buyers.
Two bedrooms, one bathroom in a Victorian multi-storey block
A compact two-bedroom Victorian flat offered for sale at auction with an occupied tenancy in place. The property is freehold and currently lets for £630 pcm (£7,560 pa), providing immediate income from completion and a very high gross yield at the listed guide price of £25,000.
The block shows traditional period features including high ceilings and communal garden space; these are attractive to tenants and add character. The flat presents refurbishment potential — internal photos describe period plaster cornicing but also signs of damp and dated decor, so some investment will be needed to maximise capital growth or relet at a higher rent.
Practical considerations: mobile signal is excellent but broadband speeds are slow. The wider area is classified as very deprived, and the local market is value-driven; comparable nearby flats have sold in the low £50k range historically. This is a clear high-yield, higher-risk opportunity best suited to investors who accept refurbishment and area-led challenges and who want immediate rental returns via a tenanted lot offered at auction.
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