1 bedroom flat for sale

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1 bedroom flat for sale

Atholl House, Townhead Street, Cumnock, Ayrshire
£45,000

Our Summary

  • Part of a portfolio of three properties New to auction is this portfolio of three vacant properties in and around Cumnock, East Ayrshire
  • All of the properties require varying degrees of repair and refurbishment which offers an excellent opportunity for added value and ongoing strong rental returns
  • Cumulative LHA figures for the four properties offers a potential rental yield approaching an impressive 11% at Guide Price, although the currently strong rental market could produce even better levels of return

Description

A portfolio of three vacant properties in and around Cumnock, East Ayrshire, is being auctioned off. The properties include three bed/two public (four bed/one public) mid-terraced houses in Walker Court, one bedroom first floor flat in Atholl House, Townhead Street, and a two bedroom maisonette flat in Riverside Gardens. All the properties require repair and refurbishment, which can lead to added value and strong rental returns. The potential rental yield for the four properties is approximately 11% at the guide price, but the current strong rental market could produce even better returns. The one bedroom flat is located in a convenient town center location and features a lounge, double bedroom, fitted kitchen, bathroom, and allocated parking. Council Tax Band is A. Cumnock offers various amenities, including shopping, restaurants, transport links, and recreational facilities, and has good primary and secondary schooling in the area.
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