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Park Road, Ardrossan KA22 1 bed apartment for sale
12E Park Road, Ardrossan, KA22 8JR
£9,000
12E Park Road, Ardrossan, KA22 8JR
£9,000
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, that requires full refurbishment prior to habitation. The property has excellent potential for high-yielding investment, with the potential to achieve an annual gross yield of 18% once renovated and let out at £450 per month. The guide price is £30,000, which is significantly lower than nearby properties that have sold for £55,000 and £61,500 in recent years. The property is being sold as part of a portfolio sale, but the seller will consider selling it as an individual unit. The location is picturesque, with a blend of old-world charm and modern convenience, and offers a range of amenities, including cafes, boutiques, and local shops.