Summary - Wellpark Road, Saltcoats, North Ayrshire, KA21 5LH KA21 5LH
1 bed 1 bath Flat
Immediate rental income with scope to increase monthly yield in a popular coastal town.
Long-term tenant in situ since 2019, all rent up to date
A compact, income-producing one-bedroom flat on Wellpark Road, offered freehold and sold with a long-term tenant in situ. The property currently returns £375 pcm from a tenant in place since 2019 with an excellent payment record, providing immediate cashflow for an investor seeking a straightforward addition to a rental portfolio.
The first-floor flat includes a combined lounge/kitchen, double bedroom and shower room. The property benefits from gas central heating, double glazing and new floor coverings, and it is sold furnished. It is minutes from Saltcoats town centre, the beach, local shops and public transport links to larger towns and Glasgow, making it easy to re-let if vacated.
Notable drawbacks are the small room sizes and the need for some modernisation in places; the living room shows mid-century finishes and wall issues that may require attention. The wider area is classified as very deprived, which can affect capital growth prospects. The sale will proceed at auction and the lot is sold with the tenant in place, so vacant possession is not guaranteed.
For an investor, this is a low-cost entry into a seaside rental market with realistic scope to increase rent (market suggestion around £450 pcm). Buyers should budget for light refurbishment and consider the area’s socio-economic profile when assessing long-term value.
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