32 George Street, Flat 2, Stranraer, DG9 7RL

Description

• PRIME NEW LISTING. We are excited to present this vacant 1-bedroom flat located within a prime location in Stranraer.

• **36 George Street, Stranraer DG9 7RL sold for £50,000 in March 2021, and 12 Millhill Street, Stranraer DG9 7AE sold for £42,500 in September 2024**

• This property in the highly sought-after area offers impressive rental potential, generating approximately £350-£400 PCM (£4,200-£4,800 PA). Acquiring this flat at the guide price delivers a remarkable gross return of 16.8% - 19.2%, making it a standout investment.

• The property requires modernisation, guided attractively to ensure a prompt sale while remaining under the Additional Dwelling Supplement (ADS) threshold. This represents an excellent opportunity for those seeking value and growth.

• An enticing option for shrewd investors, this flat promises high yields and easy lettability in a desirable location, perfect for expanding your portfolio.

PRIME NEW LISTING. We are excited to present this vacant 1-bedroom flat located within a prime location in Stranraer.

The property comprises a bright and spacious living room, a well-equipped kitchen, a cosy bedroom, and a modern WC.

This property in the highly sought-after area offers impressive rental potential, generating approximately £350-£400 PCM (£4,200-£4,800 PA). Acquiring this flat at the guide price delivers a remarkable gross return of 16.8% - 19.2%, making it a standout investment.

The property requires modernisation, guided attractively to ensure a prompt sale while remaining under the Additional Dwelling Supplement (ADS) threshold. This represents an excellent opportunity for those seeking value and growth.

An enticing option for shrewd investors, this flat promises high yields and easy lettability in a desirable location, perfect for expanding your portfolio.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**36 George Street, Stranraer DG9 7RL sold for £50,000 in March 2021, and 12 Millhill Street, Stranraer DG9 7AE sold for £42,500 in September 2024**

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

Stranraer is a picturesque town located in southwest Scotland, known for its beautiful coastal views and friendly community. It serves as a gateway to the stunning landscapes of the Rhins of Galloway and offers a range of local amenities, making it an attractive area for both living and investment.

Map

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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.