1-bedroom flat · G46 7NF
Listing removedListed 281 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Preferred ground floor retirement flat set within a much admired and most convenient modern McCarthy & Stone development, located just a short walk from public transport, local shops, post office and health surgeries.
When entering the apartment block is a well maintained residents' lounge. There is elevator access to all floors and all apartments are accessed via broad well-kept and illuminated hallways.
The apartment affords a reception hall. Bright combined sitting/dining room separate modern kitchen with a range of floor and wall mounted cabinets and integrated appliances.
Double bedroom with fitted wardrobes. Shower room with three piece suite. There is a house manager service and emergency pull cords throughout the apartment providing residents' with support.
The property is further complemented by double glazing, electric storage heating, secure entry system, and well maintained landscaped communal garden grounds with social seating areas.
Private residents' parking facilities are offered.
Giffnock is recognised as providing amongst the highest standards of local amenities including healthcare centres, banks and libraries and a broad range of supermarkets, boutique shops and restaurants.
Local sports and recreational facilities include Parklands Country Club, David Lloyd Rouken Glen, Cathcart, Williamwood and Whitecraigs Golf Clubs, Whitecraigs Tennis Club, and East Renfrewshire Council's own excellent sports and leisure facilities at Eastwood Toll.
Homeglen House is conveniently located for access to Lidl, Morrison's and Sainsbury's on Fenwick Road as well as The Avenue Shopping Centre and Waitrose at Greenlaw Village Retail Park.
This popular suburb is located approximately 8 miles to the South of Glasgow's City Centre and is conveniently situated for commuter access to nearby M77/M8 & Glasgow Southern Orbital.
Giffnock is considered one of the primary residential suburbs on the south side of Glasgow. The Sunday Times newspaper has voted Giffnock in the top 100 places to live within the UK.
EPC Band: D The home report can be viewed and downloaded from the Onesurvey website: Please follow the instructions. Viewing advised.
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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About Homeglen House, Giffnock
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