1-bedroom flat · PA3 1TD
Sold STCListed 139 daysAuction 15 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This second-floor flat at 2/1, 4 Underwood Road presents a superb opportunity for investors, developers, or buyers seeking a full renovation project.
Internally, the property comprises one bedroom, a reception room, kitchen area, and bathroom.
However, the flat is in very poor condition throughout and requires complete refurbishment, offering a blank canvas for those looking to add significant value.
The property shows clear signs of neglect and will not be suitable for immediate occupation. Works required are likely to include full upgrading of fixtures, fittings, services, and décor.
Once renovated, the flat offers strong potential as a buy-to-let investment or resale property.
This lot is offered for sale via auction on 15th July, making it an attractive prospect for cash buyers and experienced renovators looking for their next project.
Location – Paisley Paisley is a vibrant and historic town in Renfrewshire, located just 7 miles west of Glasgow city centre.
It benefits from excellent transport connections, including regular train services to Glasgow, easy access to the M8 motorway, and close proximity to Glasgow Airport.
The area offers a wide range of local amenities, including shops, supermarkets, cafes, and leisure facilities.
Paisley is also home to the University of the West of Scotland, contributing to a steady rental demand in the area.
Nearby green spaces, such as Barshaw Park and Gleniffer Braes Country Park, provide outdoor leisure opportunities, while the town’s rich heritage is reflected in landmarks like Paisley Abbey.
Underwood Road is well positioned for access to the town centre, making it a convenient location for both commuting and day-to-day living.
*PLEASE NOTE, THE PROPERTY IS UNSAFE TO ENTER DUE TO COLLAPSED CEILINGS.
VIEWINGS AND INSPECTIONS WILL NOT BE POSSIBLE, THERE IS NO HOME REPORT OR EPC* We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion.
If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days.
For these reasons, it is suitable for cash buyers only.
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.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 advisors 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 4, Underwood Road, Paisley, Renfrewshire, PA3
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