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See how verdicts work1-bedroom house · G62 6JQ
Sold STCListed 187 days
Opportunity summary
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About
Well-maintained one bedroom, first floor, retirement flat within the popular Elm Court development, ideally located just south of Milngavie village centre.
• One bedroom retirement flat • First floor, with lift • Beautifully maintained with fresh new carpets and paint throughout the flat • Bright lounge/dining room with large window • Contemporary kitchen • Shower room • Resident’s lounge • On site manager • Residents parking and garden Description Elm Court was constructed around forty-five years ago and forms a charming development of 39 retirement flats, conveniently positioned south of the village centre and just north of Burnbrae Retail Park, home to Waitrose, Aldi, and Home Bargains.
This particular property is a first-floor, one-bedroom flat, located to the front of the building and enjoys a pleasant, bright outlook.
The flat has been upgraded and features a modern kitchen, new carpets, and freshly decorated walls throughout.
The shower room has been thoughtfully adapted, creating a more practical and accessible space for those with mobility considerations or seeking ease of use.
The development is managed by Lorimer Property, with current monthly charges of approximately £223 pcm.
These include building insurance, manager’s wages, cleaning of communal areas, and garden maintenance.
It should also be noted that the building has recently undergone a full roof replacement, providing reassurance for many years to come.
Summary of Accommodation Access is via a residents’ main entrance, secured by a door-entry system, leading to a communal hallway. All floors are served by both lift and stair access.
Internally, the flat comprises a hall with three storage cupboards, a well-proportioned lounge/dining room, and a kitchen fitted with maple-style units complemented by contrasting black worktops.
The bedroom benefits from a built-in wardrobe, while the shower room is fitted with modern white sanitaryware.
On the lower ground floor, there is a residents’ lounge with adjoining kitchen facilities, providing a welcoming hub for socialising and regularly organised events.
Location Elm Court is ideally positioned just south of the village centre and adjacent to the greenery of Lennox Park, placing it within easy reach of a wide range of local amenities.
Nearby South Mains Road offers a selection of convenient local shops, while Burnbrae Retail Park, just a few hundred yards to the south, provides a Waitrose with café, alongside Aldi and Home Bargains.
On Milngavie Road, The Burnbrae is a popular and well-regarded pub and restaurant.
Milngavie village centre itself is pedestrianised and offers an attractive mix of independent retailers together with an M&S Foodhall, Boots, and Tesco.
The village also benefits from a railway station, providing regular and direct services to both the West End and Glasgow City Centre.
Sat NAV ref: G62 6JQ EPC : BAND D COUNCIL TAX : BAND D TENURE : FREEHOLD EPC Rating: C Council Tax Band: D
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.
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