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1 bedroom flat for sale
11 Castle Street, Flat 3A, Maybole, KA19 7DD
£25,000
11 Castle Street, Flat 3A, Maybole, KA19 7DD
£25,000
Our Summary
- 3% Local sales evidence in the area give a potential for capital growth: *** 15 Castle Street Maybole, KA19 7DD sold for £40,000 April 202, 13 Castle Street Maybole, KA19 7DD sold for £36,000 November 2023 *** Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This large one-bedroom tenanted investment property is located on a quiet street in Maybole, KA19 7DD, and is currently rented out for £399 per month, providing an annual income of £4,788. The property has a guide price of £35,000 and offers a gross yield of 13.7% if achieved. With rental potential of £425-£475 per month, the property could generate an annual income of £5,100-£5,700, and if rents were increased in line with market, the gross yield would be 16.3%. The property is situated close to local amenities and has a potential for capital growth, with recent sales evidence in the area showing strong demand. The property is open to immediate offers and is sure to appeal to investors looking for an easy lettable flat in a sought-after location with great potential for capital growth.