The 'cheapest' flat in Glasgow's Southside is going up for sale next week.
A one-bedroom flat in the city's Cathcart will go under the hammer at auction on Thursday, October 10 with a guide price of £32,500.
This, according to Rightmove, makes it the lowest-priced flat for sale in the area right now.
The second-floor flat features a communal entrance hall, reception hall, lounge, fitted kitchen, bedroom, bathroom and WC.
With a tenant in situ, the flat is currently rented at £385pcm, bringing in £4,620pa, which would be a 14% yield based on the Guide Price.
Just a stone’s throw away from a wide range of amenities including cafes and restaurants, the Newlands Road home is also a five-minute walk from Cathcart train station.
Access to other amenities can be found nearby in the communities of Shawlands, Battlefield and Strathbungo.
The property has a substantial discount against the Home Report value of £60,000 and as the average price of a one-bedroom flat currently listed for sale on Rightmove in Glasgow’s G44 postcode is around £203,898, this property could be a bargain for a potential buyer.
Anyone interested in bidding on the Newlands Road flat at the in-room and livestream auction on October 10 will need to register to do so.
The auction will be held at the Radisson Red Hotel in Glasgow and will be live-streamed so interested bidders can watch and bid online, while telephone and proxy bidding is also available.
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