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See how verdicts work1-bedroom flat · PA16 8UE
For saleListed 6 daysAuction 26 Nov · in 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One bedroom top floor flat
New to auction is this opportunity to acquire this one bedroom attic flat on South Street, Greenock.
The accommodation is accessed by secure common entry and comprises a lounge, kitchen with pantry, bedroom, bathroom and separate w/c.
The property requires a programme of refurbishment but upon completion of works would make a fantastic buy to let or starter flat.
To ensure you do not miss out on this property early expression of interest is highly recommended. Council Tax Band A.
Tenure
Freehold
Area
Situated on the southern bank of the Firth of Clyde, Greenock is a vibrant coastal town in Inverclyde that marries a rich maritime heritage with modern convenience.
Famous for its sweeping waterfront vistas, historic architecture, and the iconic Esplanade-a picturesque promenade popular with walkers and cyclists-Greenock provides an enviable lifestyle for residents of all ages.
Energy Efficiency Rating (EPC)
Current Rating F
Local Authority
Inverclyde Council
Important Notice to Prospective Buyers:
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.
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.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About 3/2, 24 South Street, Greenock, Inverclyde PA16 8UE
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