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Raise Street
Saltcoats, KA21

Fixed Price£39,995
Bedrooms:1Bathrooms:1Public Rooms:1Tenanted:Yes
Current Yield:10.5%Potential Yield:12.7%

Features

  • Buy-to-let Investment
  • Tenanted & Fully Compliant
  • 1 Bedroom
  • Home Report : £40,000
  • Current Rental £4,200pa
  • Current Yield 10.5%
  • Market rental £5,100pa
  • EPC Rating: D
  • 40 sq m
  • No Buyer Fees

Description

This lower flat is a one-bedroom residence that has a prime location in the coastal town of Saltcoats. It is set within easy reach of a wide range of amenities, including supermarkets and convenience stores, as well as bus links and the local train station. Furthermore, idyllic sandy beaches and the harbour are close by as well.

The flat itself further benefits from a blank canvas of décor throughout; plus, it has two reception rooms (which share an open-plan layout). Accessed via a secure telephone-entry system, the home’s front door opens into a central hall that leads left into the living room. This reception area continues the hall’s décor, enjoying a neutral backdrop paired with a wood-inspired floor. It accommodates a good choice of comfy lounge furniture and it also shares an open-plan layout with a neighbouring dining room, which could alternatively be used as a study or office (if desired). On the opposite side of the hall, the kitchen is fitted with base and wall-mounted cabinets and L-shaped workspace, backed by splashback tiles. It includes an integrated oven, gas hob, and extractor hood. Meanwhile, the bedroom is a well-proportioned double with built-in wardrobe storage. The room continues the neutral palette, adding a fitted carpet for comfort. A fully-tiled shower room, equipped with a three-piece suite, completes the accommodation on offer. The property has gas central heating and double-glazed windows throughout, ensuring year-round comfort. Externally, there is a communal garden to the rear and unrestricted on-street parking to the front.

The property is being sold with the tenants in situ as a buy-to-let investment and is fully compliant with PRT, property inventory, EICR, gas safety, PAT, legionella risk assessment, and deposit certificate. The tenant has been resident since September 2019 providing rental income on day 1 of purchase, the current tenancy generates an annual rental income of £4,200. Please note, for a future tenancy the property has the potential to secure £5,100pa and generate a yield of 12.7%. The property is sold as seen and the sale price includes all the inventory items.

Saltcoats is a popular seaside town with a rich history. The town’s name is derived from the salt panning industry that was established there by King James V in the 1500s, whilst the origins of the area stretch back even further to the 1200s when it was used for its coastal coal seams. Today, Saltcoats is better known for its picturesque sandy beaches and quaint harbour. It forms part of the ‘three towns’ alongside its neighbours Ardrossan and Stevenston. Never far from amenities, the area caters to all your daily needs with an excellent range of convenience stores, supermarkets, and daily essentials. There are also lots of bars and cafés, as well as restaurants and takeaways to choose from. The beautiful coastline the town sits upon offers a wealth of long sandy beaches and ample opportunities for watersports and sailing. There is also a stunning coastal path, which is perfect for dog walkers, runners, and cyclists. In addition, the town offers ample opportunities to escape to the surrounding countryside and just a 30 minutes’ drive away there is Scotland’s largest regional park to explore at Clyde Muirshiel. Recreational facilities closer to home include a cinema, a skate park, and a leisure centre which houses an ice rink, a 25m swimming pool, and a state-of-the-art gym. There are several golf courses in and around the surrounding area too. Education is provided for all ages locally, with an excellent range of primary and secondary schools. Saltcoats also benefits from excellent transport links, with frequent buses to neighbouring towns and a train station for travel across Scotland. Whether by car or train, Glasgow can be reached in under an hour and neighbouring Ardrossan provides a regular ferry service to the Isle of Arran for picturesque day trips.

Documents

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Brochure
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Floorplan
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EPC
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Home Report
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