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1 bedroom flat for sale
Park Road, Ayrshire KA22
£30,000
Park Road, Ayrshire KA22
£30,000
Our Summary
- Excellent potential for High yielding investment
- * 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 *Property will require a degree of renovation prior to habitation
- Property will require a degree of renovation prior to habitation
- Priced for Auction sale with a Guide Price of £30,000
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
A prime property auctions new entry, a good-sized 1 bedroom flat is located in a popular buy-to-let location with excellent potential for high yielding investment. The property requires renovation prior to habitation and is expected to attract a rental income of £375-£425 per calendar month, generating a gross annual rent of £4,500-£5,100. This would provide a gross rental yield of 15%-17%. The property has sold for £55,000 in December 2022 and £61,500 in March 2021, indicating a good return on investment. The property is located near a range of local amenities, supermarkets, leisure facilities, doctors/dental surgeries, and is within comfortable walking distance of the Ardrossan ferry terminal with direct sailings to the Isles of Arran and Campbeltown.