Flat 5, 10 Riverview Place, Glasgow, Glasgow City

Description

Beautifully presented riverside flat overlooking the River Clyde, within a well-kept riverside development on the south bank of the Clyde. The property is in walk-in condition and is offered with a guide price of £149,000, compared with a Home Report valuation of £185,000.

Accommodation

The flat comprises a reception hallway, lounge/dining room with patio doors opening onto a balcony, modern galley kitchen with gloss units, dark worktops and appliances, two bedrooms including a principal bedroom with en-suite shower room, and a family bathroom with a shower over the bath. It has neutral décor, wood-effect flooring, electric heating and double glazing.

Location

Riverview Place sits on the south bank of the River Clyde. The Barclays campus at Buchanan Wharf is nearby, and the Tradeston pedestrian bridge provides access to the International Financial Services District, the Broomielaw and Glasgow city centre. Glasgow Central Station and the subway network are within walking distance, while the M8 and M74 are close by. The SEC, OVO Hydro, and the bars and restaurants of Finnieston are a short trip along the river.

Tenure / Property Information

Investment Analysis

The £149,000 guide is £36,000 below the supplied £185,000 Home Report valuation, a 19.5% discount before fees. The 3.6% buyer/admin charge is £5,364, excluding any Special Conditions charges, legal costs or disbursements.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let or owner-occupier purchase subject to legal-pack review, rent validation and confirmation that the Home Report valuation is supportable. Do not rely on a flip or refinance outcome without further evidence.

Works Required

No material refurbishment works are evidenced; the flat is described as walk-in condition. Allow for inspection, routine maintenance and verification of the existing fixtures, heating and communal areas.

Rental & Market Context

Potential BRRR Position

At the guide, the stated 75% refinance of the £185,000 Home Report valuation would be £138,750. The remaining capital requirement cannot be established because refurbishment, finance, legal and other auction costs are unsupported or unspecified.

Buy-to-Let Analysis

Supported rent evidence ranges from £895 pcm advertised asking rent to an auctioneer estimate of £1,100–£1,200 pcm for comparable flats in the development. Against the £149,000 guide, this indicates approximately 7.2%–9.7% gross yield, before finance, tax, management, maintenance and voids. Achieved rent is unconfirmed.

Flip Analysis

The supplied Home Report valuation provides a £185,000 reference value, but no supported resale allowance, selling costs, refurbishment budget or comparable sales are provided. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• The 3.6% buyer/admin charge is payable in addition to the purchase price.

• Special Conditions may impose further search fees, sellers’ costs, legal fees, transfer fees and disbursements.

• The £895 rent is an advertised asking rent and the £1,100–£1,200 figure is an auctioneer estimate, not achieved passing rent.

• The Home Report valuation is not independently supported by supplied completed-sale comparables.

• Electric heating and Council Tax Band D may affect operating costs and tenant demand.

• Lease information is not supplied and should be reviewed in the legal pack.

Recommendation

Consider as a buy-to-let or owner-occupier purchase subject to legal-pack review, rent validation and confirmation that the Home Report valuation is supportable. Do not rely on a flip or refinance outcome without further evidence.

Strategy Rating

Analysis Confidence

Property description, guide price, Home Report valuation, fee percentage and rental indicators are supplied, but there are no sold comparables, achieved rent, works budget, lease details or complete auction-cost schedule.