3/2, 612 Eglinton Street, Glasgow, Lanarkshire, G5 9RR

Description

Opportunity to acquire a two-bedroom top-floor corner tenement flat on Eglinton Street, located minutes from Glasgow city centre. The property is in need of refurbishment and offers scope for a purchaser to personalise, modernise and potentially enhance it. It is suited to first-time buyers, buy-to-let investors and owner-occupiers.

Accommodation

Reception hallway with storage, corner lounge with dual aspect windows and walk-in cupboard, dining-sized kitchen, two double bedrooms, shower and separate toilet.

Location

Situated on Eglinton Street, approximately a 20-minute walk from Glasgow city centre and a short walk from Strathbungo. Local shops, supermarkets, cafés, restaurants, bars and other amenities are nearby. Shawlands provides further facilities. The area has bus and rail services, with access to the M8, M77 and M74 motorways and nearby Queens Park.

Tenure / Property Information

Investment Analysis

The £69,000 guide is the only supplied price evidence. No completed-sale comparables, formal valuation, rental evidence, EPC, parking information or quantified refurbishment budget has been provided. Market value, GDV and investment returns therefore cannot be reliably estimated from the supplied evidence. The Buyer’s Premium and any other applicable charges also remain unquantified and require confirmation from the legal pack and auction terms.

Investment Snapshot

Strategy Recommendation

Do not set a bid or investment strategy from the supplied evidence alone. Obtain the legal pack, confirm all premiums and fees, inspect the refurbishment requirement, and obtain independent sales and rental evidence before considering purchase.

Works Required

Refurbishment and modernisation of the two-bedroom top-floor corner tenement flat, including the kitchen, shower room, separate toilet and general finishes, subject to inspection. No specific defects or works scope has been evidenced, so no cost allowance is stated.

Rental & Market Context

Potential BRRR Position

A purchase-refurbish-refinance assessment cannot be completed because GDV, refurbishment cost and achievable rent are unsupported. The £69,000 guide cannot be treated as a confirmed purchase price, and refinance proceeds cannot be calculated without a supported valuation.

Buy-to-Let Analysis

The property is described as suitable for buy-to-let, but no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rent, yield, operating costs and cash flow cannot therefore be established. The refurbishment requirement and unquantified Buyer’s Premium/additional fees should be assessed before bidding.

Flip Analysis

A flip appraisal cannot be completed because there are no sold comparables, supported GDV, quantified works budget or selling-cost allowance. Any resale surplus would be speculative, with the Buyer’s Premium and possible additional fees still unknown.

Investor Risks & Due Diligence

• The property is expressly described as requiring refurbishment, but the scope and cost are unquantified.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• No completed-sale comparables or supported GDV are supplied.

• The Buyer’s Premium is applicable but its amount is not provided.

• Additional fees may apply and require confirmation from the Articles of Roup or Special Conditions in the legal pack.

• The guide price is not a confirmed purchase price or valuation.

Recommendation

Do not set a bid or investment strategy from the supplied evidence alone. Obtain the legal pack, confirm all premiums and fees, inspect the refurbishment requirement, and obtain independent sales and rental evidence before considering purchase.

Strategy Rating

Analysis Confidence

The address, property description, guide price, tenure and location are supplied, but there are no sold comparables, rental evidence, EPC, quantified works budget, confirmed fees or formal valuation.