Two bedroom flat

THIS PROPERTY IS BEING SOLD BY LIVESTREAM AUCTION AT 2PM ON THURSDAY, 26TH JUNE. You can bid online, by telephone or by proxy. You must register to bid before 6pm on Wednesday 25th June. How to register: Visit auctionhouse.co,uk/Scotland. Scroll down and click “Register to bid”. This will take you to Passport by EIG, which is where we livestream our auctions. To create an account, click “sign up” and fill in all required details. You will receive an email once your registration is approved. If you need help registering to bid, please call the office.. To bid online on auction day: Log back in before 2pm on auction day, navigate to the lot you are interested in and click “bid now”. We are delighted to present to the market this spacious upper cottage flat in Overton Street, Halfway, Cambuslang. The accommodation comprises a generous lounge, kitchen with wall and base units, two double bedrooms and fully tiled shower room. Features include gas central heating, double glazing and a garden area to rear. Some degree of upgrade and modernisation is required, this is reflected in the guide price and offers a great opportunity to add further value. The guide price offers a fantastic 25% discount against the £80,000 Home Report valuation, and the published Local Housing Allowance rate of £6881 per annum represents a potential rental yield in excess of 11%. Demand in the buoyant rental market may produce even better levels of rental income. This is ideal for both rental investors and first time buyers, so early viewing is essential. Council Tax Band: B. Comparables: 24, Overton Road: Sold for £92,000 2/25 26, Overton Road: Sold for £104,000 01/25 25, Clyde Place: Sold for £110,000 11/24

Tenure

Freehold

Area

Overton Street is situated to the south east of Glasgow city centre, with a range of local facilities on the doorstep. Excellent road and public transport links to Glasgow bring a wider variety within easy reach. All levels of education are also within easy reach.

Local Authority

South Lanarkshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.