Summary - 56 ALEXANDER RISE, ALEXANDER ROAD, GLENROTHES KY7 4HY
2 bed 1 bath Flat
Immediate rental income from a long‑term tenant with practical utilities in place.
Tenanted ground-floor 2-bed flat — immediate rental income
Current rent £450 pcm; annual income £5,400 (10% yield)
Home Report £55,000; sale price £53,500
Fully compliant for letting; inventory included; sold as seen
Gas central heating and double glazing; fast broadband and mobile
Compact 67 sq m (approx 753 sq ft); suitable for single/small household
Located in a very deprived area; constrained renter profile
Tenant in situ — no vacant possession on completion
This ground-floor, two-bedroom flat in Glenrothes is offered as a buy-to-let with tenants in situ, providing immediate rental income. The property is fully compliant for letting, benefits from gas central heating, double glazing and fast broadband and mobile signal — practical advantages for long-term tenancy.
Generating £450 pcm (£5,400pa) against a purchase price of £53,500 produces a current yield of 10% and mirrors the Home Report valuation of £55,000. The sale includes the existing inventory and is sold as seen, so the buyer takes income and responsibility from day one.
The block is a mid‑20th‑century low-rise with communal grounds and off‑road parking. Accommodation is compact (approximately 67 sq m / 753 sq ft) and arranged in a conventional layout suited to single occupants, key workers or small families in a steady local rental market.
Important considerations: the property sits in a very deprived area with a local classification of constrained renters and Eastern European communities, which can affect tenant turnover and long‑term capital growth. The flat is tenanted and occupied, so personal use is not possible until tenancy terms change.
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