For Sale By Auction | 14:00, 29 November 2018 | Lot 6

10, Springwell Place, Kilmarnock, East Ayrshire, KA3 5DD

*Guide | £42,500 (plus fees)

  • Flat
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 29/11/2018

Auction Time

14:00

Auction Venue

200 St Vincent Street, Conference and Events Venue, Glasgow, G2 5RQ

Three bedroom upper conversion

Fantastic opportunity to purchase this spacious three bedroom upper conversion in need of some upgrading throughout. The accommodation comprises reception hallway, lounge, kitchen, three bedrooms and four piece bathroom suite. The property is complimented by gas central heating and double glazing and there are communal garden grounds to the rear. This property would make a great investor opportunity or buy to let investment with potential 14% rental yield at Guide Price.

Tenure

Freehold

Home Report £65,000

Popular locale

Over £20,000 discount from Home Report value

Great development potential

Over 14% potential rental yield

Potential rental value £500pcm at LHA rate / £6,000pa

Area

The property is well placed for local amenities. Stewarton town centre where a variety of local shops, including a Sainsbury supermarket, cater for everyday requirements with a more extensive choice available in nearby Kilmarnock including the retail park, cinema and leisure centre. For the commuter there is ease of access to the extensive M77 motorway network and main arterial links joining Stewarton not only to Glasgow city centre but also to the Ayrshire coast. There are excellent public transport services operating within Stewarton and these include a local rail link as well as a bus service offering fast and efficient access to Glasgow city centre.

Comparables

Main Street: Sold £86,000 08/18 9 High Street: Sold £86,000 09/17

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

East Ayrshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.