Income-producing two-bedroom flat with refurbishment potential for investor buyers.
Current gross annual income £6,180 (tenant in situ)
Approximate gross yield ~8.5% at asking price £72,500
Freehold flat in mid‑20th century low‑rise block
Shared front and rear communal garden space
On-street parking; excellent mobile and fast broadband
Building exterior dated; potential communal maintenance
Located in a very deprived area — affects growth prospects
Buyers Premium applies to secure purchase
This two-bedroom flat in East Kilbride is offered as a buy-to-let opportunity with a long-term tenant in situ. The property generates a current gross annual income of £6,180, giving an approximate gross yield of 8.5% at the asking price of £72,500. Its position in a low-rise, mid‑20th century block with communal grounds and on-street parking makes it straightforward to manage within a rental portfolio.
Practical positives include freehold tenure, shared front and back garden space, excellent mobile signal and fast broadband — all attractive to tenants. The building exterior appears dated and the flat is described as average in size (around 689 sq ft), so there is potential to increase value through targeted refurbishment or hands-off continued rental income.
Material considerations are clear: the wider area is classified as very deprived, which can affect capital growth and tenant demand over time. The building is mid‑century with a dated facade and communal maintenance responsibilities; further inspection is recommended to confirm internal condition and any required works. A Buyers Premium applies to secure the sale.
For investors, this is a compact, income-producing asset that may suit buy-to-let portfolios or developers seeking modest refurbishment opportunities. Detailed investment figures and tenancy information are available in the Let Property Pack — purchasers should review that pack and arrange a survey before committing.