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12E Park Road, Ardrossan, North Ayrshire, KA22 8JR

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£12,000

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Opening Bid

£12,000

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Flat

Residential

Vacant

12E Park Road, Ardrossan, North Ayrshire, KA22 8JR

1

bed

1

bath

1

reception

Council tax: A

freehold

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Residential Refurbishment Property

Description

  • Prime Property Auctions New Entry. Good sized 1 bedroom flat located in popular buy to let location. Excellent potential for High yielding investment.

     

  • Once refurbished to an inhabitable standard, property could achieve upwards of £450 per calendar month. 

     

  • Property could achieve north of £5,400 per annum – Sure to appeal to a shrewd investor. 

     

  • Property could achieve an annual gross yield of 18% once renovated based off a guide price of £30,000 and let out at £450 per month.

     

  • Property will require full refurbishment prior to habitation. Sure to appeal to a shrewd investor looking for an affordable development opportunity to make a fine addition to their portfolio.

     

 

Prime Property Auctions New Entry. Good sized 1 bedroom flat located in popular buy to let location. Excellent potential for High yielding investment.

Property will require full refurbishment prior to habitation. Sure to appeal to a shrewd investor looking for an affordable development opportunity to make a fine addition to their portfolio.

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 could achieve north of £5,400 per annum – Sure to appeal to a shrewd investor.

 

Property could achieve an annual gross yield of 18% once renovated based off a guide price of £30,000 and let out at £450 per month.

 

Property is offered as part of a portfolio sale, but seller will consider selling as an individual unit.

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 with local sales evidence with nearby properties selling for much higher:

 

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

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 on 0141 459 0201.

Location

Nestled along the rugged western coast of Scotland, Ardrossan stands as a picturesque coastal town that exudes both maritime charm and historical significance. As you approach this serene destination, you'll be greeted by a panorama of the shimmering waters of the Firth of Clyde, which stretch out towards the distant isles, creating an atmosphere of tranquil beauty.

 

Ardrossan's heart beats with a blend of old-world charisma and modern convenience. The town's architecture showcases a mix of styles, from sturdy stone buildings that harken back to its maritime heritage to more contemporary structures that harmoniously coexist. The bustling harbour area, with its bobbing fishing boats and sailboats, offers a glimpse into the town's connection with the sea, an essential part of its identity.

 

Venturing into the town centre, you'll find charming streets lined with cafes, boutiques, and local shops. The air is often filled with the tantalizing aroma of freshly baked goods from the bakeries that have become an integral part of Ardrossan's culture. Quaint pubs and restaurants invite you to savour hearty Scottish cuisine, perhaps enjoying a traditional fisherman's pie or a plate of haggis while engaging in friendly conversations with the welcoming locals.

 

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.