>
1 bedroom flat for sale
11 Castle Street, Flat 3A, Maybole, KA19 7DD
£35,000
11 Castle Street, Flat 3A, Maybole, KA19 7DD
£35,000
Our Summary
- 3% Local sales evidence in the area give a potential for capital growth: *** 15 Castle Street Maybole, KA19 7DD sold for £40,000 April 202, 13 Castle Street Maybole, KA19 7DD sold for £36,000 November 2023 *** Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth
- 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 property is a large 1-bedroom tenanted investment property located on a quiet street in Maybole, South Ayrshire. The property is currently tenanted at £399 per month, providing an annual income of £4,788 and a gross yield of 13.7% if sold for the guide price of £35,000. The property has rental potential of £425-£475 per month, generating an annual income of £5,100-£5,700, and could achieve a gross yield of 16.3% if rents are increased in line with the market. The property is situated close to local amenities and has seen recent sales evidence in the area, indicating strong demand and potential for capital growth. The property is being offered for sale at a guide price of £35,000 and is open to immediate offers.