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1 bed flat
Old Mill Road, Kilmarnock, Ayrshire, KA1
£40,000
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Our Summary
- Prime Investment Opportunity
- Scope to Uplift to Market Rent of £600
- This well-presented 1-bedroom flat represents a premier investment opportunity, currently offered with a reliable sitting tenant
- For the savvy investor, the current tenancy at £450 PCM provides an exceptional foundation, with potential to align with the rising local market rent for 1-bed homes in the future
- Caledonia Portfolio Insight We have classified Old Mill Road as a Prime Investment Opportunity
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Description
The property is a 1-bedroom flat in great condition, located in the town centre of Kilmarnock, KA1. It is currently offered with a reliable sitting tenant, which provides immediate rental income of £450 per month. The property is situated just minutes from the town centre, retail parks, and the main rail station, which connects to Glasgow and Ayr.
The guide price is £40,000, indicating a potential net yield of 13% based on the current tenancy.