Summary - Greenrigg Road, Cumbernauld, Glasgow, North Lanarkshire, G67 2QB G67 2QB
2 bed 1 bath Flat
Low-entry investment with immediate income and refurbishment upside near transport.
Freehold two-bedroom second-floor flat with tenant in situ (£375pcm)
This two-bedroom, second-floor flat on Greenrigg Road is offered with a sitting tenant and immediate rental income. The property is freehold and sold via online auction, making it a straightforward purchase for buyers used to auction timescales and terms. The tenant currently pays £375 pcm and the sale will be with the tenant in situ.
The building is a post‑war Brutalist development with small-to-medium rooms and simple communal spaces. The flat offers a living room, kitchen, two double bedrooms, bathroom and useful built-in storage. Off-street parking and good transport links (quick access to the M80) support commuter demand and make the unit practical to let.
Expect a low entry price but plan for refurbishment. The interior is dated and will benefit from modernisation to increase rental value and appeal. The local area is classified as very deprived, which affects long-term capital-growth prospects and tenant profiles; buyers should factor local market conditions into yield calculations.
Essential certification (EICR, AST and CP12) is available. Because the property is sold at auction and occupied, legal checks, tenant notices and an investment refurbishment budget should be prioritised before bidding. This is suited to investors seeking a low-cost, hands-on rental asset with short-term income and scope to add value through improvement.
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