A bargain Scots flat is on the market for the same price as a garage in London. The one-bed property in Alexandria, West Dunbartonshire, requires some TLC but is available on the cheap at just £39,000.
And with a bit of work, it could have a potential value of £50,000, nearly 30 per cent profit, making it a great investment for someone looking to renovate.
It is tipped as a "great starter home for a first-time buyer or downsizer" and a "potential bargain".
Located on the ground floor of a traditional red sandstone building, the flat is made up of an entrance hallway, lounge, large dining kitchen, double bedroom and a bathroom.
It also has a well-sized garden, which can be accessed via the rear of the property. The kitchen and bathroom are both fairly modern and only require a little updating, while the living room could be easily freshened up with a coat of paint.
There is good natural light throughout the property, including in the bedroom, which appears to have a new carpet installed. The garden has also been well kept and would make an excellent space for a summer barbecue.
The property is well located and within walking distance of shops and amenities in the town centre. It also has excellent transport links and is roughly a 40-minute commute from Glasgow.
The property is currently priced at £39,000 and has a rental income of over £370 per calendar month (over £4,480 per annum).
Comparatively, a garage in Harrow, West London, is on sale for £40,000 - measuring just a 165 sq ft floor area. Another in East Sheen, Richmond upon Thames, is also listed at £40,000.
The flat is due to go under the hammer at Auction House Scotland's on July 20 at the Radisson RED hotel, Glasgow.
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