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Wellpark Road, Saltcoats, North... 1 bed flat for sale
Wellpark Road, Saltcoats, North Ayrshire, KA21 5LH
£28,500
Wellpark Road, Saltcoats, North Ayrshire, KA21 5LH
£28,500
Our Summary
- Low cost investment property in popular rental location with potential for increased rental as £375 per month (£4,500 per year) is low for the area
- This lot will be sold with the tenant in place and will be sold under auction terms and conditions by Braveheart Auctions
Description
This is an immediate income-producing investment opportunity in Saltcoats, a popular seaside town on the Ayrshire coast. The property, a one-bedroom main door flat, is currently tenanted and has a settled long-term tenant paying £375 per month. The tenant has been in place since 2019 and has an excellent payment history, with all rent up to date. The property is situated in a sought-after location, close to the town center, beach, and local amenities, making it an easy investment to manage. With potential for increased rental income, the current rent of £375 per month (£4,500 per year) is considered low for the area, with realistic rental potential of £450 per month (£5,400 per year). The property is being sold with the furniture and will be sold under auction terms and conditions.