Summary - 315, CALDER GLEN COURT, ORONSAY ROAD ML6 8DN
3 bed 1 bath Flat
Long-term tenant in place with immediate rental income and off-street parking.
Three bedrooms with ground-floor access and private front garden
A ground-floor three-bedroom property on Oronsay Road offered with a long-term tenant in place — immediate rental income from day one. The flat sits in a low-rise 1980s/90s block with shared private parking and a small front private garden, making it straightforward to let. Current gross rental income is £7,200pa against a guide price of £58,000, producing an attractive gross return for investors.
Accommodation is traditional in layout with a lounge, fitted kitchen and a single three-piece bathroom across approximately 871 sq ft. Rooms are modest in size and the block’s exterior and some internal finishes are dated, so capital expenditure for modernization will be required to boost future rental value or appeal to owner-occupiers. Broadband speeds in the area are slow; mobile signal is excellent.
The property is in a very deprived area with constrained local demographics; this can support rental demand but may also limit capital growth and tenant choice. The sitting tenant has a stable payment history and intends to remain, which provides secure cashflow but means vacant-possession projects would require notice and longer lead-in if redevelopment or refurbishment is planned.
A buyers’ premium applies to the sale — factor this into purchase cost calculations. For investors seeking immediate yield and a project to add value through refurbishment, this presents a clear opportunity. For those seeking a low-maintenance, modern family home, the property will need works and tenancy planning first.
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