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Park Road, Ardrossan KA22 1 bed apartment for sale
12E Park Road, Ardrossan, KA22 8JR
£16,000
12E Park Road, Ardrossan, KA22 8JR
£16,000
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 1-bedroom flat in Ardrossan, Ayrshire, is a prime buy-to-let investment opportunity, offering excellent potential for high yielding returns. The property requires full refurbishment, but once completed, it could achieve a rent of £450 per month, generating an annual gross yield of 18% based on a guide price of £30,000. The property is located in a popular area, with nearby sales evidence showing similar properties selling for higher prices. The town of Ardrossan offers a unique blend of maritime charm and modern convenience, with a bustling harbour area, charming streets, and quaint pubs and restaurants. This property is open to immediate offers and will feature in an upcoming timed online auction.