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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

**TURN KEY INVESTMENT**TENANTED 2 bedroom upper tenement flat located centrally within the busy Renfrewshire town of Johnstone. Current tenant served notice at £450 per calendar month.

Comprises of Hall, Lounge, fitted kitchen, 2 bedrooms and bathroom. Some remedial works required internally due to some water ingress. IDEAL FOR INVESTOR LANDLORD - prime rental location.

Property is further enhanced with gas central heating system off combi boiler, UPVC double glazing and well maintained communal areas. Long term tenant vacating giving rent income uplift.

Johnstone is a popular town with an abundance of amenities, including shops, pubs and restaurants and is also adjacent to the A737 (Howwood by-pass) which gives access to the M8 motorway and beyond.

**COMPARABLE SALES**2 Bed Tenement flat, Dmity Street sold 2025 £55,000**1 Bedroom Armour Street sold 2021 £61,000**2 Bed Tenement High Street sold 2021 £62,250**2b Dmity Street sold 2021 £65,000**

**TURN KEY INVESTMENT**TENANTED 2 bedroom upper tenement flat located centrally within the busy Renfrewshire town of Johnstone. Current tenant served notice at £450 per calendar month. Good potential for uplift in Rental, post works. Comprises of Hall, Lounge, fitted kitchen, 2 bedrooms and bathroom. Some remedial works required internally due to some water ingress. IDEAL FOR INVESTOR LANDLORD - prime rental location. Property is further enhanced with gas central heating system off combi boiler, UPVC double glazing and well maintained communal areas. Long term tenant vacating giving rent income uplift. Johnstone is a popular town with an abundance of amenities, including shops, pubs and restaurants and is also adjacent to the A737 (Howwood by-pass) which gives access to the M8 motorway and beyond.**COMPARABLE SALES**2 Bed Tenement flat, Dmity Street sold 2025 £55,000**1 Bedroom Armour Street sold 2021 £61,000**2 Bed Tenement High Street sold 2021 £62,250**2b Dmity Street sold 2021 £65,000**

Enjoying a prime central location in Johnstone, the property enjoys easy access to the A737, which conveniently connects to the central motorway network. Glasgow city centre can be reached in around twenty minutes, whilst Glasgow International Airport is less than a ten-minute drive away. The train station (a short walk from the property) provides regular services into Glasgow and Paisley, and is on the main Ayr line towards the West. Whilst Braehead Shopping Centre offers extensive retail and leisure opportunities, Johnstone itself still retains many traditional independent shops, a few larger stores, a variety of bars and restaurants, and a community sports hub, with a swimming pool and a gym. Johnstone’s town centre was designed on a formal grid pattern and the original layout, featuring two civic squares, has been extensively restored in recent years. As well as easy and fast commuting, the town offers swift access to the countryside and the scenic Ayrshire coast. Both primary and secondary schooling are found in the area, with independent options available in Glasgow.

Full Address: 4 Fyffe Place Russell Street, Johnstone, PA5 8BZ

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £5,400 per year / £450 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: tenant has given notice due to ceiling issues

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Pricing Information & Bidding

Opening Bid: £44,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 21 August 2025, 10am-3pm
Type: Timed Online Auction

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