Govanhill 1 bed flat - 8.2% yield

The good people at A&S Ireland are selling this second floor flat on Langside road for a fixed price of £54,995. It is a well proportioned 1 bedroom flat which looks in move-in condition. It is in a traditional sandstone tenemant building which has recently been refurbished and overlooks Govanhill Park. 

For full detail click here.

The asking price is £10,000 under the home report value and is priced for a quick sale. As a landlord, you should expect to receive rent of about £375 per month which works out at an annual gross rental return of 8.2% - not bad and a good tradeoff for an area that is not likely to see the same levels of capital growth as say the more expensive West End.

Govanhill is a just south of the River Clyde, near Queens Park, Pollokshields and Crosshill and only a short bus ride into the city centre. The area has long been Scotland's most culturally diverse neighbourhood  -of the 15,000 people living in the neighbourhood, approximately 40% are from ethnic minority communities.  The nature of the population makes this an area with strong rental demand so I do not think you would have any problems renting this flat out.

If this particular property isn't floating your boat, but have seen something else that you would like an honest opinion on, e-mail me the link over to derek.livingstone@douglasdickson.co.uk and I'll be happy to give you a rental guide and opinion on lettability.