1 bedroom flat for sale

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1 bedroom flat for sale

17 McGregor Avenue, Stevenston, KA20 4BA
£29,000

Our Summary

  • 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 tenanted one-bedroom flat in Stevenston, Ayrshire, Scotland, offered for sale through Prime Property Auctions with a guide price of £36,000. The property is currently generating an annual income of £5,100, providing a gross yield of 14.2%. The flat is located close to the town centre, supermarket, and retail park, with excellent road and transport links. The property has a potential rental income of £475-£550 per month, providing a gross annual income of £5,700-£6,600. The local area has seen recent sales of similar properties, indicating strong demand and potential for capital growth. The property is an excellent BRRR (buy, renovate, rent, and repeat) opportunity, offering a high-yielding investment with immediate cash flow.