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Montrose Street, Brechin DD9 1 bed flat for sale
Montrose Street, Brechin DD9
£38,000
Montrose Street, Brechin DD9
£38,000
Our Summary
- Discounted from open market value to ensure auction sale
- Property has excellent potential and would suit a buy to let landlord looking for an easy project that would be a sure addition to their portfolio - Brechin sits on the banks of the River South Esk, a Historic town and former Royal Burgh of Angus
- Property may require some renovation in order to reveal its true potential
- Auction Details16 January 2025, 3pm Deadline for OffersHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
- Future Property Auctions - Scotland's Largest Land and Property Auction House
Description
This vacant ground floor studio flat is located in the centre of Brechin, a popular commuter town with a rich history. The property is well-presented internally and has a lovely garden, perfect for a buy-to-let investor looking for a project with excellent capital growth and rental yield potential. With an expected rental yield of 21-24%, the property has huge potential and would be a great addition to any portfolio. Although it may require some renovation to reveal its true potential, once done, it's expected to attract a monthly rental of £350-£400. The local sales data suggests that similar properties in the area have sold for £50,000 and £68,500, making this a great opportunity for investors. The property will be auctioned off on January 16, 2025, with a deadline for offers at 3pm.