Summary - 48, MAIN STREET, CUMNOCK, MUIRKIRK KA18 3RD
2 bed 1 bath Flat
Affordable two-bedroom flat with garden — good buy-to-let potential, sold at auction..
- Two-bedroom upper cottage flat with rear private garden
- Freehold tenure; average overall internal size (653 sq ft)
- Guide price £39,000 — ~29% below home report valuation
- Potential investor yield cited using LHA (approx 14.6% gross)
- Sold at auction; buyers premium typically 3.6% (min £3,600)
- Dated mid-20th-century decor; likely requires updating/renovation
- Connected person sale disclosed; confirm any related-party details
- Area classed very deprived; consider long-term capital prospects
This upper two-bedroom cottage flat in Muirkirk is offered freehold at a keen guide price of £39,000, reflecting an approximately 29% discount from the home report valuation. The layout includes reception hall, lounge, kitchen, bathroom, two bedrooms, loft and rear private garden — practical accommodation suited to an owner-occupier or buy-to-let investor.
Well-proportioned rooms and a private garden are notable positives for the price and location. Local Housing Allowance suggests a potential gross yield (based on LHA and the guide price) that will appeal to investors, and Council Tax band A keeps running costs low. Broadband is average and mobile signal is excellent, supporting modern tenant needs.
Buyers should note material points: the flat is sold at auction, a connected person is involved, and a buyers premium/auction fee of 3.6% (minimum £3,600 inc. VAT) normally applies. The building shows dated mid-20th-century internal decor and will likely need some renovation or updating. The area is classified as very deprived, which may affect long-term capital growth and tenant profile.
Positioned in town-centre Muirkirk, local shops, services and basic amenities are within walking distance, with larger facilities in nearby Cumnock. Good road links make longer commutes possible. This is a straightforward, value-led purchase for buyers who accept some finish work and the auction process in exchange for an inexpensive entry to the local market.
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