Property for Auction in Scotland - [Print Version]

Auction Date:

Thu 26/06/2025

Start Time

14:00

Property Type:

Residential

Enjoy rental income from day one with this tenanted two bedroom second floor flat in Coatbridge, North Lanarkshire. The tenant has been in situ for more than five years with an excellent rent payment profile. The accommodation comprises lounge, spacious kitchen, two bedrooms, box room and bathroom. Also offers an excellent opportunity to add value through upgrade works. The current rental of £425 per calendar month offers immediate rental yield of 10.8% at guide price, with a rental increase to £548 per calendar month effective from 26th July 2025 equating to an impressive 14%. This property would make an ideal addition to a rental portfolio, but could equally be a great start to a buy to let journey. This is one not to be missed. Council Tax Band: A. Comparable 40, Oxford Street: Sold for - £57,812 02/25

Area

Maxwell Place enjoys convenient location approximately 1.5 miles from Coatbridge town centre. Coatbridge offers a range of retail and leisure facilities, as well as a number of schools. Local sports facilities include golf courses, swimming pools and gyms, and Drumpellier Country Park is just a short distance away. The easily accessible motorway network provides excellent links across the central belt and further afield, and public transport requirements are well served by regular bus and train services from Coatbridge or Blairhill.

Tenure

Freehold

Local Authority

North Lanarkshire Council

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