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Studio for sale

£50,000 Fixed price

Jamaica Street, Glasgow G1

1
Interested in this property? Call +44 161 506 9750 * or

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Property description

Located right by Glasgow Central Station, with easy access to shops, restaurants and the city’s universities, Central House couldn’t be better located for student life. All units include their own kitchen, bathroom and study area – ideal if you’re looking for your own living space, free from distractions. Students also have access to communal facilities, including an onsite gym, games room and private outdoor terrace.

Fully managed by one of the uk's leading student property management companies, these two units are offer investors access to the hugely popular student residential sector in Scotland. As such, we would anticipate a considerable level of interest in these units from launch.

Investment Highlights - Central House
Unit 7.04 currently tenanted for 44 weeks at £132.50 p/w.
Unit 7.05 currently tenanted for 51 weeks at £118.80 p/w.

Unit 7.04
44 weeks x £132.50 = £5,830.00
Lettings fees = 8%
Service charge = £2,335.35 per annum
Net rental income per annum = £3,028.25 (6.05% net yield)
Freehold investment opportunity - Zero ground rent charges

Unit 7.05
51 weeks x £118.80 = £6,058.80
Lettings fees = 8%
Service charge = £2,335.35 per annum
Net rental income per annum = £3,238.75 (6.48% net yield)
Freehold investment opportunity - Zero ground rent charges

Reservation and Purchase Process
£2,000 reservation fee (fully refundable up to completion)
Balance on completion
Market activity
Average price paid £169,200 Sales 197 Current average value £184,973 (Zoopla Zed-Index) Value change £5,607 ▲ 3.13%

Property value data/graphs for G1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £243,278 - 4.0 -
Semi-detached £148,373 - - -
Terraced £193,934 £186 2.3 £245,000
Flats £185,037 £249 1.7 £169,645

Current asking prices in G1

Average: £156,684
Avg. current asking prices in G1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £116,729
(12)
£187,688
(29)
£240,000
(1)
- -
All £116,729
(12)
£187,688
(29)
£240,000
(1)
- -

Current asking rents in G1

Average: £928 pcm
Avg. current asking prices in G1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £726 pcm
(9)
£1,003 pcm
(20)
£2,500 pcm
(1)
- -
All £726 pcm
(9)
£1,003 pcm
(20)
£2,500 pcm
(1)
- -

Fun facts for G1

Highest value in G1
Highest value streets Zed-Index
College Street £283,231
Brunswick Street £279,516
Glassford Street £255,900
Dunlop Street £251,548
Hutcheson Street £241,529
Highest turnover in G1
Highest turnover streets Turnover
Mcpherson Street 50.0%
College Street 45.5%
South Frederick Street 41.0%
Albion Street 36.1%
Saltmarket Place 32.1%

What Zoopla users think of Glasgow

Overall rating:

  • currently 4 stars
Very good - 80% (691 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Glasgow Central (0.2 miles)
  • Argyle Street (0.3 miles)
  • Glasgow Queen Street (0.5 miles)
  • Glasgow Airport (6.9 miles)
  • Glasgow Prestwick Airport (27.3 miles)
  • Edinburgh Airport (35.2 miles)
  • Glasgow Central Station Bridge Ferry Landing (0.1 miles)
  • Broomielaw Quay Ferry Terminal (0.2 miles)
  • Plantation Quay Ferry Landing (1.3 miles)

Nearby schools

View all schools in Glasgow City
  • St Aloysius' College Junior School (0.7 miles)
  • Garnetbank Primary School (0.7 miles)
  • Anderston Primary School (0.8 miles)
  • City of Glasgow College - City Campus (0.5 miles)
  • City of Glasgow College - City Campus Charles Oakley (0.5 miles)
  • Stow College (0.8 miles)
  • St Aloysius' College (0.7 miles)
  • The Glasgow Academy (1.5 miles)
  • Hospital Education Service (1.7 miles)
Note: Distances are straight line measurements

Local info for Glasgow City

About the neighbours in G1

AskMe Q&A for Glasgow City

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For more information about this property, please contact
Hopwood House Ltd, M34 on +44 161 506 9750 * (local rate)

Monthly running costs Beta

£403 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,000
Repayment term 25
Interest rate 1.5
Your payment £179 /mo How Much Could I Borrow In partnership with RBS

These results are not provided by RBS and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £26/mo (£317/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £27 Electricity £43 Estimated energy cost £70/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this size and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 3500 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Glasgow City

Estimated tax band A Council tax cost £83 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £19 Sewerage £26 Estimated water cost £45 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Hopwood House Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hopwood House Ltd, and do not constitute property particulars. Please contact Hopwood House Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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