Summary - Kilmory Terrace, Port Glasgow, Inverclyde, PA14 PA14 5PF
1 bed 1 bath Apartment
High-yield renovation opportunity in a practical transport-linked location.
- Sold at auction on 3rd December, no internal viewings allowed
- Full renovation required; property offered as a project
- Purchase price £10,000; estimated renovation £15,000
- Projected rent c. £300 pcm; estimated gross yield 14.4%
- Second-floor flat with high ceilings and sandstone period features
- Tenure unknown; buyers must verify legal/title details
- Very deprived local area; expect extra compliance and repair costs
- Slow broadband but excellent mobile signal and local amenities
A one-bedroom, second-floor Victorian tenement flat offered for sale at auction in Port Glasgow. Sold as a full renovation project with no internal viewings, the property is a blank canvas for an investor or builder comfortable with structural and cosmetic renewal.
The flat retains period features such as high ceilings and sandstone construction but requires complete refurbishment. Tenure is unknown, broadband speeds are slow and the surrounding area is classified as very deprived, so factor in additional time and cost for compliance, safety checks and local repairs.
Financially the lot is aimed at investors: purchase price £10,000 with an estimated £15,000 renovation could target c. £300 pcm rent, representing a projected gross yield around 14.4% before costs. Auction date is 3rd December — no internal viewings available, so bidders should inspect legally required documentation, arrange surveys where possible and allow contingency in budgets.
Location benefits include good mobile signal, nearby supermarket and Lidl, shorefront amenities, and direct rail links toward Glasgow and Greenock, making the finished flat practical for long-term lets. This is a risk/reward opportunity suited to experienced renovators or investors prepared for a hands-on project.
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