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See how verdicts work1-bedroom flat · PA15 1PL
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prime new listing. We are excited to present this 40 Sir Michael Street, Flat 2-2, Greenock, PA15 1PL located within a prime location in Greenock.
Sales Evidence: *Flat 2-2,13, Brisbane Street, Greenock PA16 8LJ sold for £87,000, Flat Ground-1,15, Dempster Street, Greenock PA15 4NL sold for £43,000, Flat 3-2,6, Brisbane Street, Greenock PA16 8LN sold for £62500* This vacant one-bedroom apartment offers a potential rental income of £400 per month (£4,800 per annum), presenting an excellent buy-to-let opportunity.
The property requires some renovation, offering superb scope for personalisation and an exciting opportunity to create a dream home or investment.
Set in a sought-after area with strong transport links and easy access to amenities, this affordable flat will appeal to investors and owner-occupiers alike. Prime new listing.
We are excited to present this 40 Sir Michael Street, Flat 2-2, Greenock, PA15 1PL located within a prime location in Greenock.
The property comprises a welcoming entrance hallway, one bedroom, a bathroom, a bright living room, a kitchen and ample storage throughout.
As the property is vacant, it offers a potential rental income of £400 per month (£4,800 per annum) based on current market rates, rather than current rental income.
This presents a remarkable opportunity for buy-to-let landlords seeking a readily lettable asset, while also appealing strongly to first-time buyers, those looking to downsize, or anyone searching for a home that is ready for new owners or tenants to move into following improvement works.
The property requires a degree of renovation to unlock its full potential but would be a perfect opportunity for an owner-occupier looking for their dream home with amazing potential for customisation.
The flat benefits from being in a sought-after area with great transport links to local amenities, making it a perfect buy for a shrewd investor, student, or young professional looking for an affordable flat.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area: *Flat 2-2,13, Brisbane Street, Greenock PA16 8LJ sold for £87,000, Flat Ground-1,15, Dempster Street, Greenock PA15 4NL sold for £43,000, Flat 3-2,6, Brisbane Street, Greenock PA16 8LN sold for £62500* This lot is open to immediate offers.
Should you wish to offer now, you can do so via our "Offer now" button on our website. This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Greenock is a well-connected coastal town that offers an appealing mix of everyday convenience, attractive green space and strong transport links.
Residents benefit from a good range of local shops, supermarkets, cafes and essential amenities, along with nearby parks and waterfront walks that add to the area's lifestyle appeal.
The town is popular with a broad range of buyers and tenants, including professionals, families and downsizers, thanks to its accessible setting and established residential character.
Regular rail and road connections provide straightforward travel to Glasgow and surrounding areas, making Greenock a practical and appealing place to live.
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.
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FAQ
About 40, Sir Michael Street, Greenock
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