Bargain Scots flat goes on sale for same price as garage in London

dailyrecord.co.uk:

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.