Summary - 1/2, 28A, FRAZER STREET, LARGS KA30 9HP
2 bed 1 bath Flat
Immediate income property in central Largs with clear refurbishment upside..
- Two-bedroom freehold flat with immediate rental income
- Current rental income £450 PCM (£5,400 PA)
- Tenanted over five years; sold with tenant in situ
- Guide price £58,000; offered at upcoming auction
- Recent nearby sales significantly higher, indicating upside
- Building is ex-council with small rooms and standard ceilings
- Reported mould in living room; remedial works likely required
- Slow broadband and very deprived local area to consider
A tenanted two-bedroom flat in central Largs offering immediate rental income and clear upside for investors. Currently producing £450 PCM (£5,400 PA), the property has been let for over five years, providing a steady cash flow from day one. Comparable recent sales on the same street suggest scope for capital growth.
The building is an ex-council flat with modest room sizes and standard ceiling heights. The living room description notes mould issues; buyers should factor in remedial works and general cosmetic refurbishment. Broadband speeds in the area are slow and the wider locality is classed as very deprived — both considerations for long-term letting strategy and tenant demand.
Offered freehold at auction with a guide price of £58,000, this is suited to buyers seeking a buy-to-let starter asset or a portfolio addition. The tenanted status reduces acquisition hassle but limits immediate vacant-possession refurbishment. The sale being at auction means purchase timescale and conditionality differ from a private treaty sale — ensure funding and bidding arrangements are in place.
In short: immediate income and attractive comparables underpin the investment case, while required maintenance, slow broadband and local deprivation are realistic downside factors. Practical investors will value the low entry price and potential for rental growth after targeted improvements.
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