Summary - Glebe Road, Kilmarnock, Ayrshire, KA1 KA1 3DJ
1 bed 1 bath Flat
Compact freehold investment with immediate rental income potential.
Existing long-term tenant producing £3,720 gross annually
Gross yield about 11.5% at current rent; ~17.5% at market rent
Freehold flat in Victorian corner building, 407 sq ft
Requires modernisation; dated decor and carpets throughout
Located in a very deprived area — impacts growth and resale
Buyer’s premium applies — additional purchase cost to factor
Excellent mobile signal and fast broadband suitable for tenants
Small footprint and limited outdoor/garden space
This one-bedroom flat on Glebe Road is presented primarily as a buy-to-let opportunity with an existing long-term tenant in place. At 407 sq ft within a traditional Victorian corner building, it offers a spacious lounge, fitted kitchen and a three-piece bathroom — solid basics for a rental unit without significant structural concerns reported.
The property currently produces a gross annual income of £3,720 (purchase price £32,340), giving a gross yield of around 11.5%. If re-let at the advertised market rent of £5,664, the gross yield would rise to around 17.5%. These figures make it a clear prospect for investors seeking immediate rental income and scope to increase returns.
The flat requires modernisation — décor, carpets and some finishes are dated — so there is refresh potential to justify a higher market rent. It sits in a very deprived area, which affects tenant mix, resale dynamics and long-term capital growth; that risk is reflected in the low asking price. Practical strengths include freehold tenure, excellent mobile signal and fast broadband, plus street parking and local amenities nearby.
Note the property sale includes a buyer’s premium to secure purchase; prospective buyers should factor this additional cost into total acquisition calculations. The tenant currently does not intend to vacate, so immediate vacant possession cannot be assumed. Buyers seeking portfolios with stable income or refurbishment-led uplift will find this a straightforward, high-yield candidate.
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