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Montrose Street, Brechin DD9 1 bed flat for sale
Montrose Street, Brechin DD9
£30,000
Montrose Street, Brechin DD9
£30,000
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 Details12 June 2025, 10am-3pm Timed Online AuctionHow 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
- AUCTION DATE: 12 June 2025
Description
This vacant ground floor studio flat is located in the centre of Brechin, a popular commuter town with a rich history. The flat is well-presented internally and has a lovely rear garden, which is well-maintained. The property is being sold at a discounted price to ensure a quick sale and is expected to yield a rental income of 21-24% per annum. The flat has excellent potential for a buy-to-let investor looking for a project with capital growth and rental yield potential. With some renovation, the property could attract a monthly rental of £350-£400. The local sales data suggests that similar properties in the area have sold for £50,000 to £68,500 in recent years. The property will be auctioned off on June 12, 2025, as part of Future Property Auctions' online timed auction.