Afton Bridgend, New Cumnock, Cumnock... 4 bed semi

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Afton Bridgend, New Cumnock, Cumnock... 4 bed semi

Afton Bridgend, New Cumnock, Cumnock, Ayrshire
£95,000

Our Summary

  • The current tenant has been in situ for more than five years, and the current rental of £695 per calendar month equates to instant rental yield of 9% if purchased at the guide price, with potential to increase rental income further in line with current legislation
  • The competitive guide price offers outstanding 27% equity against the home report valuation of £130,000, with the potential to increase value through upgrade
  • Potential to increase rent in line with legislation

Description

This four-bedroom semi-detached house in New Cumnock, North Ayrshire, is a great opportunity for a buy-to-let investment. The property has been tenanted for over five years and currently generates £695 per month in rental income, equivalent to a 9% yield. The house has a spacious lounge/dining room, dining kitchen, and four bedrooms on the upper floor, with a modern bathroom and separate shower cubicle. The property also features double glazing, gas central heating, and garden areas to the front and rear. With a competitive guide price, the buyer will enjoy 27% equity against the home report valuation of £130,000, with potential to increase the value through upgrades. The village offers a range of amenities, including schools, churches, and recreational facilities, and is situated near major towns and cities, including Glasgow. Early viewing is recommended to appreciate the outstanding value on offer.