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Price History
Our Summary
- Low cost investment opportunity offering potentially excellent yield
- Potential to add value through renovation
- Large 2 bedroom, upper flat in popular rental location in the popular seaside town of Saltcoats offering potential to add significant value
- Ideal investment opportunity in high demand rental location offering an outstanding potential yield with realistic potential rental income of up to £600 per month following necessary works
- A degree of refurbishment will be required prior to habitation following a leaking roof
- For a property investor or developer these are not major issues and should be viewed as an opportunity to add significant value with a realistic completed value of around £60,000 and a realistic rental income in excess of £7,000 per year
- This lot will be sold under auction terms and conditions by Braveheart Auctions
- Excellent location close to local attractions, amenities, transport links and beach Low cost investment opportunity offering potentially excellent yield Realistic potential rental income of up to £600 per month Potential to add value through renovation Excellent rental location Realistic completed value of £60,000 Bid now
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Description
This 2-bedroom upper flat in Saltcoats is an ideal investment opportunity, offering a potential yield of up to £600 per month after necessary works. The property requires a degree of refurbishment, including repairing a leaking roof and replacing a smashed window, but these issues are minor and present an opportunity to add significant value. With a realistic completed value of £60,000 and a potential rental income of over £7,000 per year, this property is a low-cost addition to any portfolio.
Located in a popular rental location, it's close to the train station, town centre, and local schools, and offers easy access to Glasgow, Ayr, and Largs. The area is particularly popular with young families and young professionals, and the property's proximity to the beach and local amenities makes it an attractive option. The property will be sold under auction terms and conditions, and interested buyers are encouraged to contact Braveheart Auctions for more information.