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Park Road, Ardrossan KA22 1 bed flat for sale
12E Park Road, Ardrossan, KA22 8JR
£15,000
12E Park Road, Ardrossan, KA22 8JR
£15,000
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. The property requires full refurbishment prior to habitation and has excellent potential for a high-yielding investment. With a guide price of £30,000, it's estimated that the property could achieve an annual gross yield of 18% once renovated and let out at £450 per month. The property is being sold as part of a portfolio sale, but the seller will consider selling it as an individual unit. With nearby properties selling for higher prices, this is a fantastic opportunity for a shrewd investor to make a fine addition to their portfolio. The property is located in a picturesque coastal town with a blend of old-world charm and modern convenience, making it an attractive location for both residents and investors.