11 Castle Street, Flat 3A, Maybole, KA19 7DD

• Prime Property Auctions New Entry. Large 1 bedroom tenanted Investment property. Property is currently tenanted at £399 pcm providing immediate cashflow.
• 15 Castle Street Maybole, KA19 7DD sold for £40,000 April 202, 13 Castle Street Maybole, KA19 7DD sold for £36,000 November 2023
• Property is currently tenanted at £399 pcm providing an annual income of £4,788. This would provide a gross yield of 13.7% if achieved for Guide price of £35,000
• Property has rental potential of £425 - £475 per calendar month which would generate an annual income of £5,100 - £5,700. If rents were increased in line with market then gross yield would be 16.3%
• Property is situated on a quite street and close to local amenities. OPEN TO IMMEDIATE OFFERS

Prime Property Auctions New Entry. Large 1 bedroom tenanted Investment property. Property is currently tenanted at £399 pcm providing immediate cashflow. Property comprises: Entrance Hallway, Living room, Bedroom, bathroom and kitchen.

Property is currently tenanted at £399 pcm providing an annual income of £4,788. This would provide a gross yield of 13.7% if achieved for Guide price of £35,000. Property has rental potential of £425 - £475 per calendar month which would generate an annual income of £5,100 - £5,700. If rents were increased in line with market then gross yield would be 16.3%

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. The local areas seen some great sales recently showing that there is strong demand.

Property has a Guide price of £35,000 and is sure to appeal to investors.

High yielding investment property.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

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. For further details on how to have a bidding account created please contact the team.

Location

Maybole is a town in South Ayrshire. It is situated 9 miles (14 km) south of Ayr and 50 miles (80 km) southwest of Glasgow by the Glasgow and South Western Railway. The town is bypassed by the A77. A main attraction of Maybole is Culzean castle which is part of National Trust For Scotland. Culzean Castle is a castle overlooking the Firth of Clyde, near Maybole, Carrick, in South Ayrshire, on the west coast of Scotland.