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Property Investment and rent in Glasgow, UK | JiaYu

UK Property Investment Record in North Lanarkshire | 22-28th of November

This week's rental record is for a new town built in the 1950s in a small town near North Lanarkshire and Glasgow. Congratulations to Mr. Leung on starting a new level of British property again, he confirmed the purchase in early October, at the end of this month successfully closed the property, in marvel at the speed of processing at the same time, but also let's see the details of the property.

Mr. Liang bought a flat in North LanarkshireCumbernauld, the town located between Glasgow and North Lanarkshire, was built in 1955 under the law and the unique urban plan has won several architectural design awards and is a popular residential area for local residents.

It is only 3 minutes drive from the flat to the nearest commercial centre and has a large shopping centre, sports facilities, schools, etc. Of course, it's easy to drive from the property to Glasgow city, 22 minutes away, and residents can choose to travel by train to Scotland and even across the UK.

This property is a two-bedroom residence and is in the Freehold category. The property is on the market for a price of £45,000 and is priced at £44,000, which is 2% below the market price at the time of purchase.

Property Location

  • 22 minutes from Glasgow city centre
  • 30 minutes toCumbernauld train station
  • 4 minutes to the shopping centre
  • Close to shopping centers, supermarkets, restaurants, etc
  • Central to secondary and primary schools

Major facilities nearby

  • Large shopping centre
  • Supermarket
  • Restaurants
  • Sports facilities
  • School
  • Other leisure facilities

Features of the property

  • The living room is spacious and bright, and the space is practical
  • Two bedrooms
  • Kitchen
  • Bathroom with bathtub
  • Double-glazed windows
  • Central heating
Return calculation
Actual
Rental return income rate11.6%
Investment Report (ROI)8.3%
Each monthRental Income£425
Every YearCash flow£5,100
Management Fees£765
After deducting expensesEvery YearCash flow£4,335
Buy and rent
Actual
Property prices£44,000
Renovation fee£500
Service charge*£4,800
Attorney's fees (including VAT)£880
Stamp duty£1,760
Total£51,940
*The service charge will be adjusted per case by case

The second property itself already has tenants living there. At the price of £44,000 property to buy a lease, no decoration, only a small license fee, but also receiving 11.6% rental return, makes the property extremely cost effective.

Let's take a look at the property below

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