3-bedroom flat · G15 7DR
Listing removedListed 85 daysAuction 26 Aug · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction – 26th August Situated within an established residential area of Drumchapel, this spacious three-bedroom top floor flat presents an excellent opportunity for investors, developers and owner-occupiers seeking a refurbishment project.
The accommodation extends to approximately 85 sq.m and comprises a welcoming entrance hallway, bright and generously sized lounge with access to a private balcony, fitted kitchen, three well-proportioned bedrooms and a family bathroom.
The property further benefits from gas central heating, double glazing and secure entry access to the building.
The Home Report notes that the property requires a programme of repair, maintenance and upgrading, offering purchasers significant scope to add value through refurbishment and modernisation.
Ledmore Drive is conveniently located for local shops, schools and public transport links, with straightforward access to Glasgow city centre and the wider motorway network.
A superb opportunity to acquire a generously proportioned flat with excellent potential at an attractive auction sale. Auction Date: 26th August.
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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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 2/1,, 17 Ledmore Drive, Glasgow City
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