Auction buy-to-let with 24% theoretical yield — refurbishment required, tenure unknown..
Three-bedroom upper flat, c.936 sq ft
Priced £33,000 with 34% discount on home report
Headline potential rental yield c.24%
Gas central heating; mixed double and single glazing
Requires exterior and garden maintenance; frontage neglected
Sold at auction; tenure currently unknown — verify legal title
Located in very deprived area — higher management/void risk
Excellent mobile signal and fast broadband; good transport links
A clear buy-to-let prospect in Kilmarnock offered with a substantial discount and very high theoretical yield. Priced at £33,000 with an indicated 34% reduction on the home report and a headline potential rental yield of around 24%, this three-bedroom upper flat suits investors targeting high-yield stock in hard-pressed rental areas.
Internally the flat provides a large living room, modern fitted kitchen, three bedrooms and a single bathroom across approximately 936 sq ft. The property benefits from gas central heating and a mix of double and single-glazed windows; the exterior and front garden show signs of neglect and will need attention. Broadband and mobile signal are strong and local transport links to Kilmarnock town centre and the M77 are convenient for tenants.
Important cautions: the flat will be sold at auction, tenure is unknown, and the surrounding area is classified as very deprived which may affect demand, management and void risk. Investors should budget for external redecoration and likely minor repairs, verify title/tenure, and carry out their own surveys before bidding.
For a buyer willing to manage a higher-risk, higher-yield purchase, this property offers clear income potential and refurbishment scope. For more cautious buyers, the auction sale, unknown tenure and local socio-economic pressures are material negatives that require due diligence.