Summary - 12, CANAVAN PARK, FALKIRK FK2 9GD
3 bed 1 bath Flat
Immediate rental income with clear scope for refurbishment-led uplift.
- Freehold flat in modern red-brick mid-rise block
- Allocated private off-street driveway parking
- Gross annual rent £9,300; long-term tenant in situ
- Current gross yield roughly 7.75% at asking price
- Small overall size (approx. 721 sq ft), single bathroom
- Slow broadband speeds may affect some tenants
- Located in a very deprived wider area; demand variable
- Buyers Premium payable on purchase completion
This three-bedroom flat in Canavan Park is presented primarily as an investment-ready lot. It is freehold, sits within a well-maintained mid-rise brick block, and includes allocated off-street parking and communal grounds. The property currently produces a gross annual income of £9,300 from a long-term tenant who does not intend to leave, offering immediate cashflow for a buyer.
The block’s external condition appears sound and low-maintenance, reducing short-term capital expenditure for an investor. At the listed price of £120,000 the current income equates to a strong gross yield of about 7.75%, making the unit attractive to buy-to-let portfolios or developers looking to scale holdings in Falkirk.
Buyers should note material drawbacks: the flat is relatively small (approx. 721 sq ft) with a single bathroom, broadband speeds are slow, and the wider area is classified as very deprived. A buyer should also allow for a Buyers Premium on completion. These factors will influence tenant demand, rent growth and resale value, and may require active management or modest refurbishment to maximise returns.
Overall the asset suits an investor or developer seeking immediate rental income and value-add potential through interior upgrading or improved management. Detailed tenancy and income information is available in the Let Property Pack for purchasers who need full investment due diligence.
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