Studio flat · G11 7RF
Listing removedListed 103 days
Opportunity summary
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About
This property is being sold by livestream auction at 2PM on Thursday 30th July. You can bid online, by telephone or by proxy. You must register to bid before 12.00 noon on Thursday 30th July.
How to register: Visit , 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”.
Excellent development opportunity within the sought-after Thornwood area in Glasgow’s West End This traditional ground floor sandstone tenement flat requires comprehensive renovation throughout, with further communal repairs to the building due through the factor, the costs of which can be found in the legal pack.
The flat is a room and kitchen style tenement, with a bed recess in the lounge, and a bed recess in the kitchen, with a bathroom between the rooms.
With the relevant consents the lounge could have an open plan kitchen, and the existing kitchen could potentially become a bedroom, creating a full one bedroom flat.
Accommodation comprises security controlled communal entrance hall, reception hall with storage, corner positioned lounge with bed recess and large corner bay window, bathroom, and large kitchen with recess.
The property offers excellent potential, making it suitable for developers, builders, landlords or owner-occupiers seeking a renovation project. Council Tax Band B.
Occupying a popular residential position in the established Thornwood district, the property is within easy walking distance of Partick, Hyndland and the extensive amenities of Glasgow's West End.
The location benefits from excellent transport links including Partick railway station, subway and bus interchange, together with convenient access to the Clydeside Expressway and Clyde Tunnel.
The surrounding area offers an extensive range of cafés, restaurants, bars, supermarkets and retail facilities, while nearby attractions include Byres Road, Victoria Park, Kelvingrove Park and the University of Glasgow.
Thornwood and neighbouring Partick continue to experience strong demand from owner-occupiers and tenants due to their excellent amenities, transport links and proximity to major employers, including the University of Glasgow and the Queen Elizabeth University Hospital.
Purchasers notes Please note that these particulars have been prepared by us on the basis of information provided by our client.
If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings. • No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 0/1, 21 Laurel Place, Glasgow
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