St Andrews Court, St Andrews Street, Glasgow, G1 5PD
YI

St Andrews Court, St Andrews Street, Glasgow, G1 5PD

By yieldit

£ 45,000

yieldit says ..

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - CASH BUYERS ONLY! This excellent studio apartment is located in the heart of Glasgow city Centre and producing a healthy yield of 8.92%.<br /><br />Originally used as a Sheriff's Courthouse, St. Andrew's Court has undergone an extensive refurbishment and is now used as high quality student accommodation. Despite its change of use, the building retains many of the original period features which give it a unique character a world away from standard student accommodation.<br /><br />This self-contained studio is offered fully furnished, and features a single bed, study area, modern fitted kitchen and stylish en-suite. Residents will benefit from the high specification of the apartments as well as the outstanding communal facilities which include a private on-site gymnasium and a communal games room with pool tables.<br /><br />The development itself is right in the heart of Glasgow, close to both the university and all local amenities. The city Centre is one of the most exciting places to be in the UK and residents are sure to appreciate the short journey from home! Public transport in Glasgow is also of a high standard, and trains from the city station travel to all the big cities.<br /><br />Glasgow is the 3rd biggest city in the UK outside London—bigger than Nottingham, Liverpool and Edinburgh with the student population reflecting this. Rental demand has been boosted by a shortage of student accommodation, as there are just 7,102 university-owned beds for a total student population of more than 45,000 in Glasgow.<br /><br />This is a student investment and suitable for cash buyers. Please contact today to avoid disappointment; this is a great addition to any investor portfolio!<br /><br /> Financial Breakdown<br /><br /> Gross rent: £7,020 <br /> Ground rent: £0 <br /> Service charge: £2,334 <br /> Lettings fees: £913 <br /> Net income: £3,773 <br /> Gross yield: 16.33% <br /> Net yield: 8.78% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-16902

Bedrooms
0
Bathrooms
1
Sqft (est)
161.46

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
123,750.00 £
Decreased by 21.57 %
from 157,776.00 £
Est sale value
32,614.92 £
Increased by 14.12 %
from 28,578.42 £
Average area rental value
1,007.00 £/mo
Decreased by 12.36 %
from 1,149.00 £/mo
Est letting value
161.46 £/mo
Unchanged by 0.00 %
from 161.46 £/mo
Est rental Yield
9.76 %
Increased by 11.67 %
from 8.74 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • yieldit created the listing.

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Steel Street £ 000.00 KM
Saltmarket £ 160,00000.00 KM
Mart Street £ 000.00 KM
Shuttle Street £ 000.00 KM
College Street £ 209,00000.00 KM

Nearby Transport

NameNLCTLCDistance
High Street (Glasgow)9909HST0.66 KM
Argyle Street9961AGS0.75 KM
Glasgow Queen Street9950GLQ1.11 KM
Glasgow Central9813GLC1.57 KM
Bridgeton9789BDG2.12 KM

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