1 bedroom flat for sale

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1 bedroom flat for sale

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 Details31 October 2024, 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

Description

This vacant studio flat is located in the heart of Brechin, a popular commuter town in Angus, Scotland. The property is well-presented internally and has a lovely garden, making it an attractive opportunity 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%, this property is sure to appeal to investors seeking a quick and easy project. While the property may require some renovation to reveal its true potential, once completed, it could attract a monthly rental of £350-£400. The local sales of similar properties in the area, such as 160 Montrose Street and 107b Montrose Street, have sold for £50,000 and £68,500 respectively, indicating the potential for capital growth. The property is being sold through a timed online auction on October 31, 2024, and interested bidders can submit an enquiry or visit the auction house's website for more information.
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