Top-floor one-bedroom flat, approximately 600 sq ft
Freehold tenure — straightforward ownership title
Requires full modernisation; not currently at letting standard
Potential yield advertised over 20% (not guaranteed)
Five-minute walk to Airdrie town centre and transport
Located in a very deprived area; tenant profile may be mixed
Excellent mobile signal and fast broadband suitable for S.A.A
Limited private outdoor space and small room sizes
Airdrie top-floor flat offered at a low entry price, aimed squarely at investors seeking a high-return refurbishment project. The property is being sold freehold and occupies a central town location just a five-minute walk from Airdrie town centre and local transport links, appealing to commuter and serviced-accommodation demand.
The flat requires full modernisation and is currently below letting standard; significant works are needed to reach market rent or short‑stay compliance. The accommodation is modest in size (c.600 sq ft) with small rooms and limited outdoor space, so refurbishment budgets should prioritise modern fixtures, heating/electrics, and cosmetic overhaul.
This is a value-add play in a very deprived area where yields can be strong; seller materials suggest potential yields above 20% and strong comparable rents and sale prices locally. Investors should factor in the neighbourhood profile, refurbishment costs, and the need to secure letting compliance before relying on projected returns.
Practical considerations: excellent mobile signal and fast broadband support renting or serviced accommodation. Flood risk is low, but the property sits in an area described as hard-pressed and in need of regeneration, which can affect tenant mix and long-term capital growth.