Summary - Russell Drive, Ayr, KA8 KA8 8JL
2 bed 1 bath Apartment
High-yield let with clear refurbishment upside and immediate income.
- Guide price £35,000; Home Report value £40,000
- Currently tenanted since 2020; £412pcm rental income
- Headline yield c.14% at guide price
- Auction sale 19th November; sold as-is
- Building shows exterior wear; possible damp/mould issues
- Interiors small; requires cosmetic and remedial works
- Tenure unknown; check legal pack before bidding
- Slow broadband; excellent mobile signal
This two-bedroom flat in Ayr is offered at auction with a guide price of £35,000 and a Home Report value of £40,000. It has been tenanted since 2020, producing £412pcm, which equates to a headline yield of about 14% at the guide price — an immediate income stream for an investor prepared to buy at auction on 19th November.
The building is a three-storey, brutalist concrete block with visible exterior wear and signs of damp/mould potential; the interior room sizes are modest and the property will benefit from modernisation. The kitchen is relatively contemporary with built-in appliances and a south-facing window, but overall the flat shows its age and needs cosmetic and likely some remedial works.
Practical considerations: tenure is not specified and broadband speeds are slow despite excellent mobile signal. The flat sits in a very deprived area, which affects long-term capital-growth prospects but supports rental demand. Local amenities, colleges, and good rail/bus links make the location workable for tenants and commuting.
This is a clear, straightforward opportunity for an investor or buyer seeking a high-yield, low-entry-cost purchase who can manage refurbishment and tenancy details post-auction. Buyers should budget for upgrades, check tenure and legal pack information, and factor in potential remedial work before committing.
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