Summary - FLAT 2/2, 253, DRUMCHAPEL ROAD G15 6DN
2 bed 1 bath Flat
High-yield tenanted investment with refurbishment upside near local amenities.
Tenanted at £700 PCM providing immediate income
Home Report valuation £100,000; guide price £75,000
Guide price implies approx. 9.88% gross yield
Sold at timed online auction — cash/auction terms apply
Freehold flat — confirm title and any shared-maintenance liabilities
Mid-20th century block; property described as dated and needs modernization
Area classed as very deprived — impacts capital growth and tenant profile
Fast broadband and excellent mobile signal; no flood risk
A two-bedroom tenanted flat in Drumchapel offered for auction at a significant discount to its Home Report valuation. The property is currently let at £700 PCM (£8,400 PA), providing immediate rental income and a headline yield of around 9.9% at the guide price of £75,000. Comparable local sales show recent evidence of similar values, supporting the investment case.
The building is mid-20th century and the flat is described as spacious with a living room, fitted kitchen, two bedrooms, modern toilet and a balcony. Broadband speeds are fast and mobile signal is excellent, which helps tenant demand. The property is freehold and will be sold at timed online auction, so completion times suit cash buyers and investors familiar with auction processes.
Notable negatives are clear: the block and flat are dated and will require modernization to reach the Home Report valuation or to increase rental value. The wider area is classified as very deprived, which can affect capital growth and tenant profiles. The lot is offered tenanted — purchasers will inherit the existing tenancy and should check tenancy terms, any arrears, and compliance matters before bidding.
This lot suits a hands-on investor seeking immediate income and scope to add value through refurbishment. It is not presented as a turnkey owner-occupier purchase; buyers should budget for works and be prepared for an auction purchase process.
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