>
Livingston Drive, Airdrie ML6 3 bed terraced house for sale
105 Livingston Drive, Plains, Airdrie, ML6 7LY
£85,000
105 Livingston Drive, Plains, Airdrie, ML6 7LY
£85,000
Our Summary
- Prime New Auction Property
- Large 3 bedroom mid terraced house requiring full renovation
- Once renovated property would attract a rental £700 - £750 per month, which would generate an annual income of £8,400 - £9,000, providing an exceptional investment opportunity for a shrewd investor
- Property comprises: Entrance Hallway, Large Living room, kitchen, 2 double bedrooms and loft space for conversion into 3rd bedroom
- Property benefits from planning permission for the conversion into a 3 bedroom by taking advantage of the large loft space
- Planning ref number 23/01482/NLC
- ***EXCELLENT DEVELOPMENT OPPORTUNITY*** Property could command £100/night as an Airbnb which would provide an annual income of £28,800 based on 80% occupancy (subject to necessary consents) - PRICED TO SELL
- The property is offered at a DISCOUNT to ensure a fast sale at auction
- There is fantastic sales evidence with similar properties selling for much higher: Property is due to go to auction for our upcoming timed online event
Description
This prime new auction property is a large 3-bedroom mid-terraced house in need of full renovation, offering a super BRRR opportunity for a builder/investor. The property has planning permission to convert the loft space into a third bedroom and benefits from off-road parking and a large garden. Despite requiring renovation, the property has excellent sales evidence in the area, with similar properties selling for £130,000, £115,000, and £135,050. Once renovated, the property is expected to have a resale value of over £135,000 and could attract a rental income of £700-£750 per month, generating an annual income of £8,400-£9,000. The property is situated in a highly desirable buy-to-let location in Airdrie, near local amenities, and offers a fantastic investment opportunity for those looking for capital and rental growth. Additionally, the property could be used as an Airbnb, generating an annual income of £28,800 based on 80% occupancy.