1-bedroom flat · PA5 8ES
Listing removedListed 196 days
Opportunity summary
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About
Penny Lane Homes are delighted to bring to the market this one‐bedroom ground floor flat, ideally positioned within the popular residential area of Bankside Avenue, Johnstone.
The property enjoys convenient access to a wide range of local amenities and excellent transport links.
The flat would benefit from a degree of modernisation throughout, presenting an excellent opportunity for buyers looking to add value, whether as a retirement home, first‐time purchase, or buy‐to‐let investment.
The accommodation comprises a welcoming entrance hallway with useful storage cupboards.
The bright and spacious rear‐facing lounge provides a comfortable and well‐proportioned living area and leads directly into the kitchen.
The kitchen is fitted with a selection of wall and base units and offers ample worktop space. The generous double bedroom provides a quiet and comfortable sleeping area.
Completing the accommodation is the shower room, which features a three‐piece suite with a shower cubicle.
Further benefits include gas central heating, double glazing, garden grounds to the front, and a shared drying green to the rear.
Johnstone offers a wide range of local shopping facilities, schooling, and sports and recreational amenities.
The surrounding countryside caters for a variety of leisure pursuits, including fishing, golf, and equestrian activities.
The property is within a short walk of Johnstone Railway Station, providing regular services to Paisley (approximately 5 minutes) and Glasgow (approximately 15–20 minutes), along with links throughout Ayrshire, including Prestwick International Airport.
The nearby M8 motorway network provides easy access across the central belt, while Glasgow International Airport is readily accessible for further travel.
EPC Rating: D Location Johnstone offers a wide range of local shopping facilities, schooling, and sports and recreational amenities.
The surrounding countryside caters for a variety of leisure pursuits, including fishing, golf, and equestrian activities.
The property is within a short walk of Johnstone Railway Station, providing regular services to Paisley (approximately 5 minutes) and Glasgow (approximately 15–20 minutes), along with links throughout Ayrshire, including Prestwick International Airport.
The nearby M8 motorway network provides easy access across the central belt, while Glasgow International Airport is readily accessible for further travel.
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 3 Bankside Avenue, Johnstone
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