£85,000 Opening Bid

71 Forge Road, Ayr, KA8 9NJ

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Tenanted Residential Property

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Occupation

Bedrooms

2

Council Tax

Band: C
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Home Report
Tenanted Residential Property

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Property Summary


  • Prime Property Auctions New Tenanted Investment Property, available for immediate purchase. Large 2 bedroom mid terraced house sold with tenant in situ. HOME REPORT £120,000

  • *** 103 Forge Road, Ayr, KA8 9NJ sold for £132,500 October 2021, 61 Forge Road, Ayr, KA8 9NJ sold for £132,500 May 2021 ***

  • PProperty is currently tenanted at £475 with long term tenants in situ. This would provide a great 7% yield based on the guide price.

  • Property has a rental potential of £625 - £700 per calendar month. Great potential yield if achieved for Guide price of £105,000.

  • Situated in a highly desirable location near Ayr town centre and all local amenities. Sure to appeal to investors looking for Capital and Rental Growth


 

Prime Property Auctions New Tenanted Investment Property, available for immediate purchase. Large 2 bedroom mid terraced house sold with tenant in situ. HOME REPORT £120,000.

Property comprises: Ground Floor: Entrance hall, living room, kitchen. First Floor: Landing, 2 bedrooms and bathroom.

Property is currently tenanted on an SAT agreement signed in 2016. The tenant pays £475. The property is professionally managed by local letting agent with all certs in place. 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 £105,000.

 

The property has a current home report valuation of £120,000 in its current condition with some fantastic capital growth potential showing from some recent sales in the area:

*** 103 Forge Road, Ayr, KA8 9NJ sold for £132,500 October 2021, 61 Forge Road, Ayr, KA8 9NJ sold for £132,500 May 2021 ***

 

Property is currently generating a gross an annual income of £5,700, with the potential of £7,800 - £8,700. Great potential yield of 7.4% - 8.3% if achieved for Guide price of £105,000.

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:

Both Ayr & Prestwick are well established with mixed main street shopping, restaurants, amenities, whilst the sweeping promenade/seafront is within walking distance or cycle/car journey. Public transport includes bus & train. Prestwick Airport is nearby whilst the property is also convenient for access to the A77. This desirable home is of broad appeal, valued by local buyers, retired/semi-retired client/s, whilst further afield it will likely be of particular interest to Glasgow based buyers or those relocating from South of the Border, seeking a change of lifestyle from city to seaside ...and a better work/life balance.



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 New Tenanted Investment Property, available for immediate purchase. Large 2 bedroom mid terraced house sold with tenant in situ. HOME REPORT £120,000
  • *** 103 Forge Road, Ayr, KA8 9NJ sold for £132,500 October 2021, 61 Forge Road, Ayr, KA8 9NJ sold for £132,500 May 2021 ***
  • Property is currently tenanted at £475 with long term tenants in situ. This would provide a great 7% yield based on the guide price.
  • Property has a rental potential of £625 - £700 per calendar month. Great potential yield if achieved for Guide price of £105,000.
  • Situated in a highly desirable location near Ayr town centre and all local amenities. Sure to appeal to investors looking for Capital and Rental Growth

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