5 bed semi-detached house for sale

63 South Street, Greenock PA16

• We are excited to present this excellent development opportunity on South Street in Greenock
• *** 95 Forsyth Street, Greenock, Renfrewshire PA16 8rd previously sold for £562,000 in 2022,66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 ***
• Once fully renovated, the property could command a rental income of £1,750 - £2,000 pcm / £21,000 - £24,000 pa, which would provide an exceptional gross yield based on the guide price.
• Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential
• The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.

Prime New Entry: Excellent Development Opportunity in a 5 bedroom semi-detached property in Greenock

Property Comprises: Substantial Stone-built Semi with Five Bedrooms spanning over 3 floors, 2 bathrooms, Large Living Space, Kitchen, Generous garden and Ample Storage Space

The local area has shown some great sales evidence recently showing there is strong demand:

*** 95 Forsyth Street, Greenock, Renfrewshire PA16 8rd previously sold for £562,000 in 2022,66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 ***

Once fully renovated, the property could command a rental income of £1,750 - £2,000 pcm / £21,000 - £24,000 pa, which would provide an exceptional gross yield based on the guide price.

***premises requires full renovation***

For those looking for a great project with vast potential to add value and still have high cashflow after refinance *brrr strategy*

Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.

Potentially excellent opportunity for serviced accommodation, with rates for 5 bed properties in the area starting from around £300 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve (£87,600 pa) which would generate an incredible gross yield if secured at the guide.

Excellent Development/Refurbishment Opportunity. Property is ready for builder/investor/developer to bring to life. Property requires full renovation prior to habitation.

Potentially high yielding investment property. Sure to appeal to investors looking for an easy lettable house in a sought after location with great potential for Capital Growth, or a shrewd investor looking for an excellent flip opportunity

The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Offer Now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

63 South Street, Greenock, PA16 8QH is located in Greenock, a town in Inverclyde, Scotland. The property is situated in the town center, close to local amenities, shops, and transport links. It is conveniently positioned near the Greenock waterfront and is accessible via major roads and public transportation, making it an ideal location for residents or businesses seeking proximity to Greenock's facilities and the surrounding region.

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