£60,000 Opening Bid

15 Michael Street, Buckhaven, Leven, KY8 1JP

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Tenanted Residential Property

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Type

Ownership

Occupation

Bedrooms

2

Council Tax

Band: A
Home Report
Legal Pack
Tenanted Residential Property

Details

Property Summary


  • Prime Property Auctions is excited to present a large 2 Bedroom flat within a foremost location in Leven.
      

  • *** 35, Yester, Maitland Street, Leven, KY8 4RE sold for £120,000 in February 2015, 67, Gladstone Street, Leven, Fife, KY8 4QG sold for £118,500 in March 2017 ***
      

  • Property could achieve £600-£650/month in rent, providing an exceptional investment opportunity for a shrewd investor, providing a gross annual return of £7,200 - £7,800.   



  • Exceptional opportunity for a shrewd investor to add another property to their portfolio that requires minimal refurbishment work. ***GROSS YIELD OF 10.29% - 11.14%***  
     

  • Property is currently tenanted at £475pcm providing an annual gross income of £5,700 or a 8.14% gross yield as a ready-made investment.  


 

Prime Property Auctions is excited to present a large 2 Bedroom flat within a foremost location in Leven.
 

Property comprises a large 2 Bedroom flat with large rooms. The spacious accommodation allows for fantastic socialising space with the large living room and kitchen. Completing the accommodation is 2 large double bedrooms and a well-equipped bathroom. 

Property is set in an ideal buy to let location attracting quality tenants such as professional individuals and students. 

This exceptional flat could achieve an annual gross yield of 10.29% - 11.14% based off a guide price of £70,000, providing attractive returns to a potential investor.  
 

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 more: 

*** 35, Yester, Maitland Street, Leven, KY8 4RE sold for £120,000 in February 2015, 67, Gladstone Street, Leven, Fife, KY8 4QG sold for £118,500 in March 2017 ***

This opportunity could return you a gross annual return between £7,200 - £7,800 per annum.
 

Property is due to go to auction for our upcoming timed online event. Be sure to register to not miss out. Should you wish to make an immediate offer you can do so via the ‘make an offer’ button located below the images. Alternatively, please contact the team to discuss how to make an offer today, on 0141 459 0201. 

 

Location:
 

Leven - A Vibrant Scottish City of Culture and Heritage. 

Welcome to Leven, a captivating city nestled on the eastern coast of Scotland. Known for its rich history, stunning landscapes, and thriving cultural scene, Leven offers a memorable experience to visitors and locals alike. Let's explore this remarkable location together. 

 

Situated in the aesthetically pleasing seaside, Leven boasts a picturesque setting, where a blend of nature, modernity, and historic charm come together seamlessly. As you wander through the city's streets, you'll be greeted by a delightful combination of Georgian and Victorian architecture, interspersed with contemporary buildings that reflect Leven’s ambitious spirit. 

Location

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.

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Property Features

  • Prime Property Auctions is excited to present a large 2 Bedroom flat within a foremost location in Leven.
  • *** 35, Yester, Maitland Street, Leven, KY8 4RE sold for £120,000 in February 2015, 67, Gladstone Street, Leven, Fife, KY8 4QG sold for £118,500 in March 2017 ***
  • Property could achieve £600-£650/month in rent, providing an exceptional investment opportunity for a shrewd investor, providing a gross annual return of £7,200 - £7,800.   
  • Exceptional opportunity for a shrewd investor to add another property to their portfolio that requires minimal refurbishment work. ***GROSS YIELD OF 10.29% - 11.14%***  
  • Property is currently tenanted at £475pcm providing an annual gross income of £5,700 or a 8.14% gross yield as a ready-made investment.  

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15 Michael Street, Buckhaven, Leven, KY8 1JP

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