Two bedroom flat with tenant
291 Greengairs Road, Greengairs, Airdrie, Lanarkshire ML6 7TE
£50,000
21 August 2025
GUIDE PRICE
AUCTION DATE
- Flat
- 2 Bedroom(s)
Enjoy rental income from day one with this tenanted two bedroom upper cottage flat in the North Lanarkshire village of Greengairs, approximately four miles north of Airdrie. The accommodation comprises a spacious lounge, kitchen, two bedrooms and shower room. The tenant has been in situ for two years with a current rental of £445 per calendar month, but notice has been served to increase to £500 per calendar month from 19th July 2025 which equates to a generous 12% gross rental yield at current guide price. In addition, an attractive £15,000 discount is offered against the £65,000 Home Report valuation. Some degree of works are required which offers a great opportunity to add further value. This is an ideal addition to an existing rental portfolio, but could equally be a great start to a buy to let business. Early viewing is essential. Council Tax Band: A. Freehold The North Lanarkshire village of Greengairs sits in semi-rural setting between Cumbernauld and Airdrie. Local facilities are available, with a greater range in the nearby towns. Rail and bus links are easily accessed, and commuters enjoy close proximity to the M80. Current Rating E North Lanarkshire Council We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
291 Greengairs Rd, Greengairs, ML6 7TE
Guide Price
£50,000
Auction Date
21 Aug 2025
Time
14:00
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.