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See how verdicts work4-bedroom flat · PA16 7RU
No longer listedReduced £20k (−5.1%) on 30 JulListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This particularly substantial, grand four bedroom main door & basement lower conversion lies in the West End's most desirable waterfront address.
We understand there have only been three owners since this Victorian property was built in 1852. Superb views beyond the Esplanade to the River Clyde, Rosneath Peninsula and hills beyond.
A shared driveway from Eldon Street leads to private parking area with space for up to six cars at the front of the house.
The spacious private front garden features a gate to Esplanade plus generous sized lawned plot and composite deck perfect for relaxing on summer days.
The current layout offers development potential to create self contained flat in the basement, subject to permissions being granted.
Specification includes: Double glazing, gas central heating and ornate period style detailing.
Impressive accommodation comprises: Entrance Vestibule by timber door with single glazed side panels and tiled floor. The spacious Reception Hallway features an ornate archway.
There is a generous sized front facing Lounge with marble fireplace. An equally spacious Family Room offers front and side windows plus a marble fireplace with living flame gas fire.
The Dining Room with ornate timber fireplace is a perfect space for entertaining with family/friends.
The airy Dining Kitchen offers quality fitted oak style units, island unit and solid granite work surfaces.
Appliances include: Stainless steel chimney extractor hood, 5 ring gas hob, electric oven and integrated microwave. A Utility Room is plumbed for washing machine.
There is double Bedroom and Home Office on this floor. The Shower Room features a refitted three piece suite.
An internal staircase leads to the Lower Landing with Rear Vestibule and single glazed door providing access to the communal rear garden. There are three further spacious double Bedrooms.
A quality refitted Bathroom features four piece suite including bath with mixer shower. Must be viewed.
EPC= C Entrance Vestibule / Hallway Lounge (5.13m x 5.69m (16'10 x 18'8)) Family Room (4.95m x 5.66m (16'3 x 18'7)) Dining Room (5.00m x 4.50m (16'5 x 14'9)) Dining Kitchen (4.95m x 4.78m (16'3 x 15'8)) Utility Store (3.53m x 1.17m (11'7 x 3'10)) Bedroom 1 (3.56m x 2.11m (11'8 x 6'11)) Home Office (4.06m x 2.51m (13'4 x 8'3)) Shower Room Lower Hallway / Rear Vestibule Bedroom 2 (5.00m x 5.46m (16'5 x 17'11)) Bedroom 3 (4.93m x 5.23m (16'2 x 17'2)) Bedroom 4 (3.56m x 4.06m (11'8 x 13'4)) Bathroom
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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 asking
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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 23, Esplanade, Greenock
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