1 bedroom flat for sale

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1 bedroom flat for sale

11 Castle Street, Flat 3A, Maybole, KA19 7DD
£35,000

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 is a large one-bedroom tenanted investment property located in Maybole, South Ayrshire, which is currently generating an annual income of £4,788 through a tenancy agreement at £399 per calendar month. The property has a guide price of £35,000, offering a gross yield of 13.7% if achieved, with potential for capital growth. The local area has seen recent sales evidence of strong demand, with similar properties selling for £40,000 and £36,000 in the past year. The property is situated on a quiet street, close to local amenities, and has rental potential of £425-£475 per month, generating an annual income of £5,100-£5,700. With the potential for increased rents, the gross yield could increase to 16.3%. The property is open to immediate offers and is expected to feature in an upcoming timed online auction.