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1 bed flat for sale

£41,000 Offers over

Armadale Place, Greenock PA15

1 bed flat for sale 1 1 1
Interested in this property? Call +44 141 376 0473 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Spacious Room
  • Close Proximity to Valuable Amenities
  • Investment potential detailed below (Let Property Pack)

Property description

Our latest listing is a 1 bedroom flat located in Greenock. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 1 bedroom, lounge, kitchen, and bathroom.

Investment details

It currently produces an annual gross income of £4,320 which could be increased by the new owner to a market rate of £6,600 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Property info

Property value data/graphs for PA15

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £305,897 £163 3.7 £186,283
Semi-detached £224,994 £136 2.7 £94,903
Terraced £215,470 £140 2.7 £101,924
Flats £112,154 £112 2.0 £62,387

Current asking prices in PA15

Average: £79,794
Avg. current asking prices in PA15
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £85,000
(1)
£153,000
(5)
- -
Flats £50,666
(6)
£70,500
(18)
£62,500
(2)
- -
All £50,666
(6)
£71,263
(19)
£127,143
(7)
- -

Current asking rents in PA15

Average: £611 pcm
Avg. current asking prices in PA15
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - £611 pcm
(2)
- - -
All - £611 pcm
(2)
- - -

Fun facts for PA15

Highest value in PA15
Highest value streets Zed-Index
Caledonia Drive £326,655
Chalmers Lane £318,700
East Street £259,008
Mitchell Street £258,424
Whitelees Road £252,281
Highest turnover in PA15
Highest turnover streets Turnover
Laird Street 42.9%
Scott Way 38.5%
Shaw Place 38.5%
James Watt Way 35.1%
Balmore Road 34.6%
Arrange Viewing

For more information about this property, please contact
Let Property, G12 on +44 141 376 0473 * (local rate)

Monthly running costs Beta

£310 Monthly total

Mortgage

Purchase price
Deposit (10%) 4,100
Repayment term 25
Interest rate 2.0
Your payment £156 /mo How Much Could I Borrow In association with RBS

These results are not provided by RBS and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £25 Electricity £49 Estimated energy cost £74/mo

Similar properties could save up to £175

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this size and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 3500 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Inverclyde

Estimated tax band A Council tax cost £80 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Let Property, and do not constitute property particulars. Please contact Let Property for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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