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12C Park Road, Ardrossan, North... 1 bed flat for sale
12C Park Road, Ardrossan, North Ayrshire, KA22 8JR
£20,000
12C Park Road, Ardrossan, North Ayrshire, KA22 8JR
£20,000
Our Summary
- 12C Park Road, Ardrossan A superb investment opportunity in the coastal town of Ardrossan: 12C Park Road is a one-bedroom flat offered for auction with excellent potential for both rental income and capital growth
- Condition & PotentialThe property will require a degree of renovation before it can be fully habitable or let at market value
Description
12C Park Road is a one-bedroom flat in Ardrossan, Scotland, offered for auction with great potential for both rental income and capital growth. The property, priced from around £35,000, requires renovation but has a generous lounge area and kitchen, making it an attractive opportunity for investors or first-time buyers willing to undertake refurbishment. Once upgraded, it is projected to achieve a rental income of approximately £4,500-£5,100 per year, equating to a gross yield of 13-14.5%. The property is located within walking distance of local amenities, including shops, supermarkets, and leisure facilities, and is close to public transport links and the ferry terminal to the Isle of Arran. With its coastal living, picturesque views, and growing demand for rental property, 12C Park Road presents a great value, entry-level property for those seeking to capture capital appreciation in a seaside town.