Summary - Fullarton Street, Kilmarnock, East Ayrshire, KA1 KA1 2QT
1 bed 1 bath Apartment
Income-producing one-bed with strong yield; auction sale for hands-on investors..
- Tenanted at £450 PCM, producing immediate income
- Guide price £35,000; advertised c.15.4% gross yield
- First-floor Victorian apartment with high ceilings and period detail
- Dated interior; cosmetic refurbishment required to increase value
- Sold at auction; purchasers must verify legal/title and terms
- Tenure currently unknown — buyer to confirm before purchase
- Short walking distance to train station and town centre amenities
- Located in a very deprived area; consider long-term growth risks
A compact first-floor Victorian apartment in Kilmarnock’s town centre, currently let and producing immediate rental income. The property has generous ceiling heights and period features such as arch windows and a decorative fireplace, giving scope to improve value with relatively straightforward cosmetic upgrading.
For investors this is a clear income-led opportunity: the flat is tenanted at £450 PCM and the advertised guide price of £35,000 equates to a strong headline yield (c.15.4%). Its central location is a short walk from the train station and local amenities, supporting tenant demand and ease of re-letting.
Buyers should note material points before viewing. The interior is dated and will require refurbishment to modernise for higher rents or resale. The tenure is not stated and the property will be sold at auction, so purchasers must allow for auction conditions and carry out their own legal/title checks. The wider area is classified as very deprived, which affects long-term capital growth prospects despite good transport links.
This is best suited to a hands-on buy-to-let investor comfortable with an auction purchase and short-term refurbishment to secure value and rental uplift. The combination of immediate income and clear upgrade potential makes it a practical addition to a portfolio, provided the buyer factors in refurbishment costs and tenure/auction risks.
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