3-bedroom flat · PA5 8EE
Listing removedListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying the preferred first floor position within the handsome “Maryfield” building, Flat 1/1 presents a rare opportunity to acquire a spacious three-bedroom home with private front gardens and shared rear gardens in one of Johnstone’s most admired locations.
From the moment you enter, the scale and charm of this property are immediately apparent.
The welcoming hallway sets the tone perfectly with striking wall panelling, rich décor and impressive ceiling heights, while the home throughout showcases a wonderful collection of period features including ornate cornicing, decorative ceilings, deep skirtings and large traditional windows flooding the accommodation with natural light.
The generous lounge is an elegant yet comfortable space, ideal for both relaxing and entertaining, while the stylish dining room offers flexibility for family living or home working.
The modern fitted kitchen has been tastefully designed with contrasting cabinetry and ample worktop space, creating a bright and practical room full of character.
The principal bedroom is particularly impressive, boasting outstanding proportions, beautiful period detailing and a charming woodburning stove creating a warm and luxurious retreat.
The additional two bedrooms are both well-proportioned and versatile, ideal for family living, guests or working from home. A contemporary family bathroom completes the accommodation.
Externally, the property enjoys private gardens to the front, offering a wonderful outdoor space rarely found with flats, along with shared gardens to the rear.
The substantial sandstone building itself forms part of the historic Ludovic Square area, a notable part of Johnstone’s original planned town layout dating back to the late 18th century and linked to the influential Houstoun family.
Ludovic Square remains one of the town’s most attractive and characterful residential settings, admired for its mature surroundings and impressive traditional architecture.
This is a truly special home combining traditional grandeur with stylish modern living, all within easy reach of local amenities, transport links and schooling.
Please note, the information provided here is intended as a guide and while we aim for accuracy, we cannot guarantee it. These details do not form part of any missives.
We recommend conducting your own checks, seeking advice, and referring to the Home Report for clarification on any points. All measurements are approximate and taken at the longest and widest points.
Items shown in photographs may not be included in the price, and no guarantees can be made regarding the condition of appliances, fixtures, or fittings.
EPC Rating: D Kitchen (2.9m x 2.9m) Lounge (4.3m x 3.2m) Bathroom (1.8m x 1.6m) Bedroom 3 (4.1m x 2.4m) Bedroom 1 (4.6m x 4.1m) Bedroom 2 (3.1m x 2.7m) Garden Private gardens to the front and shared to the rear.
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.
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FAQ
About Flat 1/1, Maryfield Ludovic Square, Johnstone
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