Summary - 74, Belville Street, 3rd Floor Flat, Greenock, PA154SY PA15 4SY
2 bed 1 bath Flat
Two-bed third-floor flat — auction sale, refurbishment project with strong local rental demand..
Auction: Timed online sale 25 Sept 2025
Third floor flat — no lift mentioned, consider accessibility
Requires internal refurbishment after long-term tenancy
Estimated rent £500–£550 pcm (post-refurbishment)
Central heating and double glazing present
Communal gardens; communal entrance
EPC Rating D
Area described as very deprived; strong local rental demand but higher management risk
This third-floor, two-bedroom flat on Belville Street is being sold at timed online auction on 25 September 2025 — clearly positioned as an investor redevelopment. The layout includes communal entrance, hallway, lounge, fitted kitchen, two bedrooms and a bathroom. The property benefits from central heating, double glazing and access to communal gardens, and broadband and mobile signal are reported as good for the area.
The flat requires internal refurbishment following long-term occupation; cosmetic and likely mechanical updates are needed before letting. EPC rated D. There is no recorded tenure in the information provided and the property is accessed on the third floor (no lift mentioned), which may affect tenant choice and accessibility costs for future works.
Location-wise, the flat sits close to Greenock town centre with good local amenities, schools and public transport links. The wider area is described as very deprived with “hard-pressed” local demographics — this supports steady rental demand locally but may limit capital-growth prospects and could influence rental risk and management overheads.
For investors, expected rental income after refurbishment is quoted at approximately £500–£550 pcm. At the guide price of £21,000 this produces a high headline yield if those rents are achieved, though this depends on refurbishment cost, voids, management fees and local market conditions. Comparable past sales on Belville Street and nearby suggest modest recent values, underlining the need to budget realistically for works and ongoing costs.
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