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Park Road, Ardrossan KA22 1 bed apartment for sale
12E Park Road, Ardrossan, KA22 8JR
£5,000
12E Park Road, Ardrossan, KA22 8JR
£5,000
Our Summary
- Excellent potential for High yielding investment
- Property will require full refurbishment prior to habitation
- Sure to appeal to a shrewd investor looking for an affordable development opportunity to make a fine addition to their portfolio
- This property is offered at a fantastic price to ensure an auction sale with local sales evidence with nearby properties selling for much higher: * 1C Hill Place, Ardrossan, Ayrshire, KA22 8HA sold for £55,000 December 2022, 47 Flat B, Montgomerie Street, Ardrossan, Ayshire, KA22 8HP sold for £61,500 March 2021 *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 property is a one-bedroom flat located in a popular buy-to-let location in Ardrossan, Ayrshire, with excellent potential for a high-yielding investment. The property requires full refurbishment prior to habitation, but once renovated, it could achieve an annual gross yield of 18% based on a guide price of £30,000 and a monthly rent of £450. The property is being sold as part of a portfolio sale, but the seller will consider selling it as an individual unit. The location offers a unique blend of maritime charm and modern convenience, with the town's harbour area, cafes, boutiques, and local shops creating a charming atmosphere. With nearby properties selling for higher prices, this property presents a fantastic opportunity for a shrewd investor to make a fine addition to their portfolio.