Property Overview:

Alliance Property Group offer this OFF MARKET and traditional sandstone second floor, one bedroom spacious tenement flat floor in the heart of Paisley town centre, close to excellent amenities and main transport links.

The property requires some basic refurbishment but offers excellent value for money, 35% discount and a 14% yield.

  • Property Description: Alliance Property Group offer this OFF MARKET and traditional sandstone second floor, one bedroom spacious tenement flat floor in the heart of Paisley town centre, close to excellent amenities and main transport links.
    The property requires some basic refurbishment but offers excellent value for money, 35% discount and a 14% yield.
    Property comprises of bright bay window lounge, double bedroom, galley kitchen and bathroom. Further benefits include gas central heating and double glazing throughout. The building has secure entry. There is street parking.
    This is a lot of property for an excellent value in an area of continual improvement, demand and increasing house prices.
    It is in descent order and a light refurbishment of new floor coverings, decoration, heat, smoke and C02 monitor and minor repairs.

    Room Dimensions: Entrance Hall Lounge 16'9"x 9'7" Kitchen 12'3"x 5'5"

    Bedroom12'4"x 9'5" Bathroom 7'3"x 6'3"
     
  • Area Description: Causeyside Street is well located for shops and transport services. Paisley University is within walking distance. Bus and rail routes are available throughout the area, the M8 motorway network is within 10 minutes by car giving quick and easy access to Glasgow International Airport, Braehead shopping centre and Glasgow city centre.
    Excellent transport links nearby including Paisley Train Station 0.1 miles away, bus and road links.
    The district is a popular rental location for local working tenants in offices and shops, students studying at The University of The West of Scotland, Key Workers at Glasgow Airport & The Royal Alexandra Hospital.
     
  • Local Amenities: Plenty of local shops, schooling, excellent rail, road and bus transport links and leisure facilities nearby. 
  • Financial Details: Financials:

    o Purchase price: NO NEGOTIATION £32,500

    o Estimated Valuation £50,000

    o Refurbishment: £3,000

    o Legal £1,000

    o Stamp Duty £0

    o Rental income Buy To Let £390/month

    o Letting fees based on 12%/month. £47/month

    o Factors n/a

    o Positive Cash per month £343/month

    o Gross Yield Buy To Let 14%

    o Net Yield( PP+All Costs) 12%


    o Sourcing Fee £3,500inc VAT


    Please carry out your own due diligence




    Comparable property sold:
    • http://www.rightmove.co.uk/house-prices/PA1-1YN.html
    • https://www.zoopla.co.uk/property/49-causeyside-street/paisley/pa1-1tu/27533390
    Comparable for rent:
    o http://www.s1homes.com/Flats-for-rent/2013021501181405.shtml


     
  • Address: Renfrewshire, Scotland 
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