Summary - FLAT 6, 5, NORTHCOTE STREET TD9 9QU
1 bed 1 bath Flat
Ready-let one-bedroom investment with strong rental upside and auction sale..
Tenant in situ producing £325 pcm (gross £3,900 pa)
This one-bedroom, freehold flat in a Victorian sandstone building is offered as a ready-let investment with tenant in situ and an immediate income stream. The property comprises a communal entrance, compact open-plan living/kitchen area and a shower room. It currently produces £325 pcm and will be sold at timed online auction with an opening bid of £25,000.
The lot is designed for investors targeting high-yield opportunities: achievable rents are quoted between £400–£455 pcm, which would materially increase gross yield if realised. Broadband and mobile signal are reported as good, and nearby town-centre amenities and transport links support rental demand in Hawick.
Important considerations: the flat is compact with limited living space and is in a very deprived area, which can affect tenant profiles and long-term capital stability. The property is sold with the existing tenancy (no vacant possession) and will be offered via auction, so purchasers should allow for auction timescales and carry out their own checks before bidding.
Overall, this is a straightforward, cash-producing lot for investors who accept an occupied, small-period flat in a mixed-value area and who are seeking immediate yield with potential upside if rents can be increased.
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