Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 1 Bedroom
- 79 sq m
- Home Report £55,000
- Current rental £440pm
- Current Yield 10%
- Unfurnished Let
- EPC Rating: F
Description
Tenanted 1 bedroom property located in Kirkcaldy town centre. This 2nd floor flat is located within a traditional tenement with spacious accommodation comprising an entrance hall, bright living room, a large double bedroom, kitchen diner, bathroom, and 2 storage cupboards. The property benefits from having period features, a central location, and is fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since December 2017 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £5,280 which represents an immediate yield of 10%. Following renovation, a future tenancy would generate £7,800pa. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £55K.
Kirkcaldy is a town in Fife, on the east coast of Scotland with a population of circa 51,000. The town lies approximately 45 minutes by train to Edinburgh and Dundee.