Skip to main content
  • Sign in

3 bed flat for sale

£30,000 From

18A Cumberland Road, Greenock PA16

3 bed flat for sale 3 1 1
Interested in this property? Call +44 330 098 3814 * or Request Details

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

Property features

  • Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***high yielding investment ***
  • *** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022,84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***
  • Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.
  • Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.
  • Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.

Property description


  • Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***high yielding investment ***

  • *** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022,84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***

  • Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.

  • Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.

  • Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.



Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***high yielding investment ***

Property comprises; Entrance Hallway, Living Room, kitchen, bathroom and 3 bedrooms. Property benefits from double glazing and large rooms sizes.

Property is sure to appeal to investors looking for a high returning investment property, sold with sitting tenant. Immediate Income Producing Investment - ***high yielding investment ***. Property is located in a sought after location and is sure to be a great investment with scope for capital growth.

*** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022,84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***

Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188. Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.

Market rent for this property is in the region of £475 - £550. Should the rent be increased in line with the market then the potential gross yield would be 14.25% - 16.5%, making this a very attractive investment opportunity for those looking to generate fantastic returns on their capital.

This property is available for immediate purchase. You can submit an offer now via our online offer form. Should you have any questions please do not hesitate to get in contact with our sale team.

Current Yield of over 10%, with the potential for over 16%. Fantastic Investment Property, that is sure to appeal to buy to let investors.

The property is scheduled to appear in our upcoming live timed online auction. In order to participate in the live auction, you will require to have an account. To create an account, visit our website. Should you have any questions please contact the team for assistance.

Location:

Greenock is situated approximately 23 miles West of Glasgow. Near to major regional and national employers, excellent local amenities. Greenock is a historic town set upon the banks of the River Clyde. Central location near town Centre. Greenock has a wide range of local amenities including high-street shopping with several supermarkets. There is established schooling at both primary and secondary levels. The A8 and M8 road network connects Inverclyde to Renfrewshire, Glasgow International Airport and Glasgow City Centre. Ideal Buy to Let Investment property in high rental demand district.

Property value data/graphs for PA16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £342,482 £154 3.7 £364,189
Semi-detached £196,285 £154 3.0 £166,033
Terraced £197,771 £145 2.8 £150,500
Flats £165,949 £149 2.4 £126,165

Current asking prices in PA16

Average: £160,436
Avg. current asking prices in PA16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £121,107
(14)
£153,629
(7)
£367,857
(7)
£382,667
(3)
Flats £46,414
(7)
£114,050
(20)
£160,795
(10)
£170,000
(2)
£64,000
(1)
All £46,414
(7)
£116,956
(34)
£157,844
(17)
£323,889
(9)
£303,000
(4)

Current asking rents in PA16

Average: £808 pcm
Avg. current asking prices in PA16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - £693 pcm
(1)
£923 pcm
(1)
- -
All - £693 pcm
(1)
£923 pcm
(1)
- -

Fun facts for PA16

Highest value in PA16
Highest value streets Zed-Index
Lyle Road £416,416
Blaeberry Drive £399,111
Cromarty Grove £385,911
Teal Drive £346,152
Lochans Drive £340,832
Highest turnover in PA16
Highest turnover streets Turnover
Auchneagh Gardens 130.0%
The Glebe 89.5%
Ardgowan Square 47.4%
Gael Street 46.7%
Nursery Gardens 46.2%
Arrange Viewing

For more information about this property, please contact
Prime Property Auctions, G2 on +44 330 098 3814 * (local rate)

Monthly running costs Beta

£311 Monthly total

Mortgage

Purchase price
Deposit (10%) 3,000
Repayment term 25
Interest rate 2.0
Your payment £114 /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.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £80,000 Average insurance cost £19/mo (£225/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £36 Electricity £62 Estimated energy cost £98/mo

Similar properties could save up to £234

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: 15400 kWh/year
Electricity: 4500 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.

Contact Prime Property Auctions about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Prime Property Auctions, and do not constitute property particulars. Please contact Prime Property Auctions 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.

View all Cumberland Road property for sale