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1 bedroom flat for sale
52 Selkirk Avenue, Cowdenbeath, KY4 8NT
£55,000
52 Selkirk Avenue, Cowdenbeath, KY4 8NT
£55,000
Our Summary
- Excellent Tenanted Investment Opportunity
- ***HOME REPORT £70,000 ****** 51 Chapel Street, Cowdenbeath, KY4 9JL sold for £125,500 July 2021, Raith Avenue, Cowdenbeath, KY4 8PB sold for £99,700 May 2022 ***Turnkey Investment Opportunity
- Turnkey Investment Opportunity
- 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, this investment opportunity features a large 1-bedroom flat located in a popular buy-to-let location. The property is currently tenanted, generating a monthly rent of £489.25 and an annual income of £5,871. The tenant has been in situ since March 2021, providing a long-term and settled tenancy. The property is professionally managed by a letting agent, and the home report values the property at £70,000. With a current market rent of £550-£575, the property offers a gross rental yield of 9%. The property has seen capital values increase in the area, and it is expected to continue with developments in the surrounding area. The property is offered at a fantastic price and is open to immediate offers.