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1 bedroom flat for sale
Park Road, Ardrossan KA22
£35,000
Park Road, Ardrossan KA22
£35,000
Our Summary
- Excellent potential for High yielding investment
- OFFERED UNDER ADS THRESHOLD* 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 to unleash its true potential
- Property will require a degree of renovation prior to unleash its true potential
- Priced for Auction sale with a Guide Price of £35,000
- 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
This one-bedroom flat in Ardrossan, Ayrshire, is a prime investment opportunity with excellent potential for high yields. The property requires renovation to unlock its full potential, but once completed, it's expected to attract a rental income of £375-£425 per month, generating a gross annual rent of £4,500-£5,100. This would provide a gross rental yield of 13-14.5% if achieved at the guide price of £35,000. The flat is located in a popular buy-to-let area, close to local amenities, supermarkets, leisure facilities, and a short walk from the Ardrossan ferry terminal. The property is being sold as part of a portfolio sale, but the seller will consider selling it as an individual unit. With a guide price of £35,000, this is an affordable opportunity for investors looking for a property with great capital growth potential.