Shields Road, Pollokshields, Glasgow, G41
KN

Shields Road, Pollokshields, Glasgow, G41

By Knight Frank

£ 1,400,000

Reviews

3 out of 5 stars

Knight Frank says ..

Planning Granted on 28th March 2024. A former care home and nursery with a consented residential development opportunity to create 17 apartments, located in the heart of Glasgow's vibrant southside. Planning Granted on 28th March 2024. This exceptional building, Nithsdale Lodge, sits on approx...

Property Oracle says ..

This property in Pollokshields, Glasgow, is a large former care home and nursery with planning permission granted for conversion into 17 apartments. The building is located in a desirable residential area known for its attractive Victorian architecture and proximity to excellent transport links, particularly Pollokshields West train station. The photos reveal a substantial stone building, showing its age but appearing structurally sound. While the external appearance seems reasonably well-maintained, the internal condition remains unknown, meaning that significant refurbishment is to be expected. The surrounding land is larger than most urban properties but the precise plot size is unstated. The price of £1,400,000 is substantial, but the potential return on investment after conversion into 17 apartments suggests that the value might be justified. A detailed cost analysis is needed to verify the economic viability of the project, however, along with more information on building and land sizes. In short, this is a potentially lucrative development opportunity, although significant investment and risk are involved. Further due diligence is essential before any purchase decision.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
0
Bathrooms
0

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
211,230.00 £
Decreased by 14.84 %
from 248,045.00 £
Average area rental value
1,315.00 £/mo
Increased by 14.45 %
from 1,149.00 £/mo
Est rental Yield
7.47 %
Increased by 34.35 %
from 5.56 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Knight Frank created the listing.

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Pollokshields Square £ 240,00000.00 KM
St John's Road £ 000.00 KM
Maxwell Lane £ 000.00 KM
St Andrews Crescent £ 000.00 KM
Saint Andrews Drive £ 79,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Pollokshields West9623PLW0.39 KM
Pollokshields East9821PLE1.02 KM
Crossmyloof9796CMY1.03 KM
Maxwell Park9802MAX1.24 KM
Queens Park (Glasgow)9822QPK1.36 KM

Nearby Listings

AddressPriceTypeScoreDistance
Shields Road, Pollokshields, Glasgow, G41 £ 1,400,000BUY6 / 100.00 KM
Leslie Road, Pollokshields, Glasgow £ 399,000BUY8 / 100.10 KM
Leslie Road, Pollokshields, Glasgow £ 399,000BUY7 / 100.12 KM
Aytoun Road, Pollokshields, Glasgow £ 1,350,000BUY7 / 100.18 KM
39 Melville Street, Flat 1/2, Pollokshields, Glasgow, G41 2JL £ 259,000BUY7 / 100.19 KM