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1 bed flat for sale

£60,000

Stevenson Street, Paisley, Glasgow PA2

1
Interested in this property? Call +44 20 8115 8144 * or

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Property features

  • 8% net rental yields
  • Full managed 'armchair' investment
  • No Stamp duty for investors
  • High Specification
  • Self contained apartments
  • 5 years guaranteed rent
  • 120% developer buy back
  • Fantastic location

Property description

On offer here is a proven and successful property investment model that is currently extremely popular with investors!

How does this investment work?

Firstly you choose your unit and complete the reservation forms and fee (£5,000)
Then it goes to your solicitor to arrange the exchange of legal contracts where you will make your exchange payment.
From then until the time your property is ready (December 2018) you will gain interest on your deposit at 5 or 7% depending on the amount you`ve exchanged with, the interest will be deducted from the final balance due.
Upon completion you transfer the final funds and the property is your, please note this is a cash buy property for investment purposes.

How do I get my rent?

Your rent is guaranteed from the date you complete on your sale at 8% of the purchase price per year. For 5 years from this date you will get that rental return as a minimum paid into your bank, regardless of tenancy.

Your rent is net of any expenses including management fees, ground rent and service charge and is pure profit.

This will be guaranteed in your legal contracts.

What are my exit options?

The developer offers a guaranteed buy back and will purchase your property back from you at 120% of the price you paid in year 5 if you wish.
You are also free to sell whenever you like, to whomever you like at any price you like - no one will dictate this for you however please bear in mind this is a student property. If you purchase the property through us, we offer a free of charge resale process for you so if you did need to sell, you don't need to worry about agency fees.

Specifications

Prices from only £57,500.
8% net return after all expenses guaranteed each year for 5 years.
5% or 7% interest paid on all deposits.
Fully furnished included in the price
On-site facilities
120% Buy back
No stamp duty payable!
Completion December 2019

Market activity
Average price paid £132,948 Sales 557 Current average value £154,237 (Zoopla Zed-Index) Value change £5,563 ▲ 3.74%

Property value data/graphs for PA2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £271,278 £183 3.7 £226,359
Semi-detached £155,757 £165 2.9 £136,407
Terraced £115,342 £143 2.5 £103,979
Flats £110,501 £143 1.9 £77,437

Current asking prices in PA2

Average: £104,431
Avg. current asking prices in PA2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £85,991
(13)
£163,586
(15)
£308,665
(6)
£279,950
(1)
Flats £54,863
(36)
£104,872
(28)
£148,327
(9)
£75,000
(1)
-
All £54,863
(36)
£98,885
(41)
£157,864
(24)
£275,284
(7)
£279,950
(1)

Current asking rents in PA2

Average: £472 pcm
Avg. current asking prices in PA2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £394 pcm
(1)
£719 pcm
(1)
£672 pcm
(2)
- -
Flats £422 pcm
(7)
£496 pcm
(11)
- - -
All £419 pcm
(8)
£515 pcm
(12)
£672 pcm
(2)
- -

Fun facts for PA2

Highest value in PA2
Highest value streets Zed-Index
Moredun Road £562,737
South Avenue £464,870
Thornly Park Avenue £418,347
Craw Road £369,765
Thornly Park Drive £358,361
Highest turnover in PA2
Highest turnover streets Turnover
James Mckechnie Avenue 150.0%
Accord Avenue 115.0%
Morton Place 107.1%
Strathcarron Wynd 83.3%
Morton Avenue 79.2%

What Zoopla users think of Paisley

Overall rating:

  • currently 3.5 stars
Good - 73% (162 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Paisley:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Paisley Canal (0.2 miles)
  • Paisley Gilmour Street (0.6 miles)
  • Paisley St James (1.1 miles)
  • Glasgow Airport (2.3 miles)
  • Glasgow Prestwick Airport (23.6 miles)
  • Edinburgh Airport (42.0 miles)
  • Braehead Shopping Centre Ferry Landing (3.6 miles)
  • Renfrew Ferry Terminal (3.7 miles)
  • Yoker Ferry Terminal (3.8 miles)

Nearby schools

View all schools in Renfrewshire
  • West Primary School (0.6 miles)
  • Lochfield Primary School (0.9 miles)
  • St John Ogilvie Primary (0.9 miles)
  • Castlehead High School (0.2 miles)
  • Spark of Genius Paisley School Care Accommodation Service (0.5 miles)
  • Paisley Grammar School (0.8 miles)
  • The Mary Russell School (1.3 miles)
  • Kersland School (1.6 miles)
  • Rosshall Visual Impairment Unit (2.5 miles)
Note: Distances are straight line measurements

Local info for Renfrewshire

About the neighbours in PA2

AskMe Q&A for Renfrewshire

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For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

Monthly running costs Beta

£422 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,000
Repayment term 25
Interest rate 1.5
Your payment £215 /mo How Much Could I Borrow In association 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 £100,000 Average insurance cost £13/mo (£160/yr)
Compare insurance deals now 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 £28 Electricity £43 Estimated energy cost £71/mo

Similar properties could save up to £234

How Much Could I Save? 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

Renfrewshire

Estimated tax band A Council tax cost £78 /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.

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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 Property and Invest, and do not constitute property particulars. Please contact Property and Invest 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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