1/1, 58 Bell Street, Glasgow, Glasgow City G1 1LQ

Description

One bedroom first floor tenement in the heart of Glasgow’s Merchant City. This wonderful property comes to auction with a 24% reduction from the home report value based on Guide Price. The flat provides excellent city living within an attractive blond sandstone tenement block and will be suitable for a range of prospective buyers. A security controlled communal entrance hall accesses the flats in the building. A welcoming reception hall leads to the rooms and has a storage cupboard. Natural wooden flooring extends from the hall into a stunning lounge/dining room which is on an open plan basis with kitchen. This room offers excellent living space with two tall windows to the rear of the building. The kitchen area is fitted with quality floor and wall mounted units providing storage and work space. The bedrooms is positioned to the front of the building with a bay window looking out into the Merchant City. The shower room is fitted with a modern suite and large cabin with shower.

Accommodation

One bedroom first-floor flat comprising a security-controlled communal entrance hall, reception hall with storage cupboard, open-plan lounge/dining room and kitchen, one bedroom with bay window, and shower room with modern suite and large shower cabin. The property also has use of an outside terrace area to the rear.

Location

Bell Street is ideally positioned within Glasgow’s vibrant Merchant City, surrounded by an excellent range of boutique shops, stylish bars, acclaimed restaurants and cultural attractions. The property is also within easy walking distance of Glasgow’s Style Mile and International Financial Services District. Excellent transport links provide easy access to Queen Street and Central Stations, Buchanan Street and St Enoch subway stations, with strong road connections and nearby parking available to rent.

Tenure / Property Information

Investment Analysis

The guide of £128,000 is stated to represent a 24% reduction from the home report value, implying approximately £168,421. This is an inferred reference figure, not an independent valuation. No sold comparables or rental evidence were supplied.

Investment Snapshot

Strategy Recommendation

Potential owner-occupier purchase subject to inspection, legal-pack review and independent valuation. Do not rely on the implied home report value or pursue BTL/BRRR without verified rent and costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the flat and communal areas, verify services and condition, and budget only after obtaining contractor quotations.

Rental & Market Context

Potential BRRR Position

An inferred 75% refinance of the implied home report value is approximately £126,316. However, refurbishment costs, finance costs, achievable rent and total acquisition costs are unavailable, so cash recycling and BRRR viability cannot be confirmed.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. The 3.6% buyer administration charge would be £4,608 at the £128,000 guide, before any disbursements or other costs.

Flip Analysis

The implied home report value is approximately £168,421 versus the £128,000 guide, but no supported refurbishment budget, selling allowance, resale evidence or full cost schedule is available. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• The 24% home-report reduction implies a reference value but is not an independent valuation.

• No achieved or advertised rental evidence supports a yield assessment.

• Buyer administration fees are payable and additional legal-pack disbursements may apply.

• Parking is subject to permit application or separate nearby rental availability.

• Condition and any required works have not been independently evidenced.

Recommendation

Potential owner-occupier purchase subject to inspection, legal-pack review and independent valuation. Do not rely on the implied home report value or pursue BTL/BRRR without verified rent and costs.

Strategy Rating

Analysis Confidence

Property description and guide-fee information are available, but there are no sold comparables, rental evidence, condition budget, legal-pack details or complete acquisition-cost schedule.