29 × 2-bed flat · G62 7AD
For saleListed 55 days
Opportunity summary
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About
Managed by McCarthy Stone, Riverwood was completed in 2020 and designed exclusively for those aged 60 and over.
Situated in the charming town of Milngavie, the development enjoys an excellent location close to a wide range of local amenities, shops and transport links.
Comprising 20 one bedroom and 29 two bedroom apartments, Riverwood offers a welcoming and close-knit community, with exceptional facilities and peace of mind for residents.
With a camera entry system, intruder alarms, comprehensive fire detection throughout the communal areas and apartments, an on-site House Manager, and a 24-hour emergency call system.
Each apartment has been thoughtfully designed to a high standard, featuring energy-efficient double glazing, quality fixtures and fittings, and a fully equipped kitchen with integrated appliances.
Located on the ground floor, this immaculate two bedroom apartment offers bright, spacious and beautifully presented accommodation throughout.
The welcoming entrance hall benefits from a generous walk-in storage/airing cupboard and includes illuminated light switches, a smoke detector, a secure video entry system with intercom, and a 24-hour emergency response pull cord with personal pendants provided.
The generous living and dining room is a bright and comfortable space with doors opening directly onto a patio and the beautifully maintained communal gardens.
A partially glazed door leads to the separate, contemporary kitchen, which is fitted with a range of quality units, tiled flooring, a stainless steel sink with monobloc mixer tap, integrated oven, ceramic hob with extractor hood, fridge, freezer and washer/dryer.
The spacious principal bedroom features a generous walk-in wardrobe, providing excellent storage and dressing space, together with a stylish en-suite shower room complete with a walk-in shower, WC, vanity unit with wash hand basin, illuminated mirror and heated towel rail.
The bedroom also offers ample space for additional freestanding furniture as well as a desk or home office area.
The second double bedroom is also well proportioned and is ideal as a guest bedroom or additional living space.
A modern guest shower room, fitted with a shower, WC and vanity unit with wash hand basin, completes the accommodation.
Residents at Riverwood also enjoy access to a beautifully appointed communal lounge, perfect for socialising with neighbours.
Permit parking is available for residents and visitors, adding further convenience to this exceptional retirement development.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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 Riverwood, Flat 9, 101, Craigdhu Road, Riverwood
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