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1 bed property
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Price History
Our Summary
- Excellent potential for High yielding investment
- Property will require a degree of renovation prior to habitation
- Offered under ads threshold*** 1C Hill Place, Ardrossan, Ayrshire, KA22 8HA sold for £55,000 December 2022,47 Flat B, Montgomerie Street, Ardrossan, Ayshire, KA22 8HP sold for £61,500 March 2021 ***Property will require a degree of renovation to unleash its true potential
- Property will require a degree of renovation prior to unleash its true potential
- Priced for Auction sale with a Guide Price of £35,000
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
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Description
This one-bedroom flat is a prime investment opportunity in a popular buy-to-let location in Ardrossan, Ayrshire. The property requires renovation to unlock its full potential and is priced for auction with a guide price of £35,000. Once renovated, it's expected to attract a rental income of £375-£425 per month, generating a gross annual rent of £4,500-£5,100 and a gross rental yield of 13%-14.5%.
The property is located in a convenient area, close to local amenities, supermarkets, leisure facilities, and doctors/dental surgeries, and is within walking distance of Ardrossan ferry terminal. The seller is open to immediate offers and the property will be featured in an upcoming timed online auction.