- Fantastic investment opportunity +
- Two freehold semi-detached properties available +
- Three bedrooms +
- Front and back gardens +
- Excellent rental return +
- Tenants in situ +
- Yielding near 8% NET +
- Well presented properties +
- Great commuter location +
- Enquire for walkthrough video and more details +
yieldit are pleased to present to the market the opportunity to purchase two semi-detached properties in Johnstone, which is currently Scotland’s second-fastest growing property market. Figures published in December 2022 revealed that the average cost of a house in the Renfrewshire town had seen a rise of almost a quarter in a year alone making now an exciting time to invest.
Both properties are available to be purchased individually or together and are occupied by long term tenants, yielding an incredible 7.63% making this a truly unmissable investment opportunity. The semi-detached properties are well kept throughout, and each consist of living room with large, double-glazed window; fully-fitted kitchen; three bedrooms; three-piece bathroom suites; front and back gardens.
Properties such as those on Bute Drive are increasing in popularity and value due to the rise of demand for properties which are in a semi-rural location, meaning residents can enjoy the benefit of a more peaceful base with more green space whilst still being within easy reach of the hustle and bustle of nearby cities. Bute Drive is just a short 20-minute drive from Glasgow city centre, making this an excellent location for tenants and residents who are commuting to the city.
Glasgow has a thriving commercial centre and offers some of the best shopping experiences outside of London, along with a huge selection of restaurants, cafes and a huge cultural offering. Glasgow is to undergo the biggest regeneration plan outside of London totalling £400million in regeneration projects with its ‘City Deal’ which will transform the city and its economy and bring new employment opportunities which, in turn, will drive the demand for rental properties such as these and have a positive impact on rents and property values. Enquire today to find out more about this fantastic investment.
Financial Breakdown
Gross Rent: £5,724.00
Net income: £5,724.00
Gross yield: 9.16%
Net yield: 9.16%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07467