A one-bedroom flat in Glasgow has been listed for just £15,000, though the property is in a severely dilapidated state. The apartment, located on the top floor of a traditional tenement block on Westmuir Street in the Parkhead area, has been vacant for many years and is now covered in pigeon droppings, rendering it uninhabitable.
Property Condition
The flat features a nesting pigeon in the bedroom, which gains entry through a hole in the ceiling, leaving mess throughout the space. Due to these conditions, no home report is available, and viewings are not permitted. The property is classified as unsafe, posing serious health and safety risks to occupants or visitors.
Auction Details
Auction House Scotland, the listing agency, has set the guide price at £15,000 ahead of a livestream auction scheduled for 2pm on Thursday, June 18. Despite the poor condition, the agency reports strong interest from buyers, with a healthy number of registered bidders already.
A representative from Auction House Scotland commented: "This property has been sitting empty for a number of years and is currently uninhabitable, requiring a significant programme of renovation works. That is reflected in the very competitive guide price ahead of our auction. Despite its condition, there has been strong interest from buyers and we already have a healthy number of registered bidders."
Investment Potential
The agency estimates that after extensive renovation, the flat could generate a rental income of £8,317 per year. The property is located in a popular area of Glasgow, approximately two miles from the city centre, with commercial properties on the ground floor.
The listing description states: "This fantastic refurbishment project enjoys convenient location in Westmuir Street in Glasgow's popular east end and around two miles from the city centre. The accommodation comprises lounge, kitchen, one bedroom and shower room. A full programme of works is required throughout, and the property is currently classed as uninhabitable due to pigeons having accessed the bedroom through a hole in the ceiling."
Target Audience
The property is expected to appeal to investors and developers who can see the potential and opportunity it presents. Once renovated, it could serve as a buy-to-let investment or be sold on for a profit. The agency emphasises that auctions can be an effective route to acquire refurbishment projects with strong upside potential.
Council Tax Band A applies to the property. The auction will be conducted via livestream, and interested parties are encouraged to act quickly due to high demand.
