£55,000 Opening Bid

18 Gorrie Street, Dunfermline, KY11 4BA

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Tenanted Residential Property

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Type

Ownership

Occupation

Bedrooms

2

Council Tax

Band: A
Legal Pack
Home Report
Tenanted Residential Property

Details

Property Summary


  • Prime Property Auctions New Tenanted Investment Property, available for immediate purchase. Large 2-bedroom flat sold with tenant in situ. *** HOME REPORT VALUATION £70,000***



  • *** 38, St. Andrews Street, Dunfermline, Fife, KY11 4QW sold for £116,001 in April 2019, 34, Blake Street, Dunfermline, Fife, KY11 4PW sold for £115,000 in January 2022 ***


 

  • Property has a rental potential of £650 - £725 per calendar month. Great potential yield of 11.14% - 12.43% if achieved for Guide price of £70,000.



  • Situated in a highly desirable buy to let location in Fife near all local amenities. Sure to appeal to investors looking for Capital and Rental Growth.


 

  • Property is currently tenanted at a low rent of £400 pcm providing a current annual return of £4,800.


 

Prime Property Auctions New Tenanted Investment Property, available for immediate purchase. Large 2-bedroom flat sold with tenant in situ. *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***

Property comprises: First Floor Property: Entrance Hall, living room, kitchen and completing the premises is 2 large bedrooms with a well-equipped bathroom.

Property is currently tenanted at £400pcm, providing an annual gross yield of 6.9%.

The tenant pays £400. The property is currently rented below market rent and has some fantastic potential for growth, with a rental potential of £650 - £725 per calendar month. Great potential yield if achieved for Guide price of £70,000.

*** 38, St. Andrews Street, Dunfermline, Fife, KY11 4QW sold for £116,001 in April 2019, 34, Blake Street, Dunfermline, Fife, KY11 4PW sold for £115,000 in January 2022 ***

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:

The property is in Dunfermline which is Northbound of the vibrant and cultural city of Edinburgh. Not only does this mean travel into the centre will be quick and easy, which is desirable for young professionals, but it is also surrounded by hundreds of valuable amenities - most of which are in walking distance.

These include bars & restaurants, cafes, convenience stores, supermarkets, leisure facilities, Primary & Secondary Schools, the Alexandra Parade train station, several bus stops and Alexandra Park.

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.

Virtual Tours

Property Features

  • Prime Property Auctions New Tenanted Investment Property, available for immediate purchase. Large 2-bedroom flat sold with tenant in situ. *** HOME REPORT VALUATION £70,000***
  • *** 38, St. Andrews Street, Dunfermline, Fife, KY11 4QW sold for £116,001 in April 2019, 34, Blake Street, Dunfermline, Fife, KY11 4PW sold for £115,000 in January 2022 ***
  • Property has a rental potential of £650 - £725 per calendar month. Great potential yield of 11.14% - 12.43% if achieved for Guide price of £70,000.
  • Situated in a highly desirable buy to let location in Fife near all local amenities. Sure to appeal to investors looking for Capital and Rental Growth. 
  • Property is currently tenanted at a low rent of £400 pcm providing a current annual return of £4,800.

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18 Gorrie Street, Dunfermline, KY11 4BA

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