1 bed Flat For Sale £25,000
One bedroom flat
New to auction is this one bedroom first floor flat, ideally located close to Ayr town centre. The accommodation comprises of lounge with kitchenette off, bedroom and shower room with white suite and electric shower. Further benefits include electric heating system and double glazing. Some degree of upgrade and repairs are required which, allied with an outstanding 37% discount against the Home Report valuation, of £40,000, offers a fantastic opportunity to add value whether for rental or owner/occupier. On completion of upgrade works, the LHA rates offer rental in excess of £4100pa, but the currently strong rental market would potentially produce rental income at a higher level. This is an ideal rental property or starter flat and early viewing is essential. Council Tax Band: B.
Comparables
Flat 3, 37 Mill Street, Sold For £37,000, 12/22
Flat 9, 37 Mill Street, Sold For £31,000, 11/21
Area
Mill Street is ideally located a stone’s throw from Ayr town centre. Ayr is a popular seaside resort in Ayrshire approximately 35 miles south west of Glasgow. The town offers a wide range of retail and leisure facilities and the nearby A77 provides easy commuter links to Glasgow and further afield.
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