Summary - 44D, NEWTON STREET KA5 6RX
1 bed 1 bath Flat
High-yield auction buy: one-bedroom flat with renovation potential and immediate rental income opportunity.
One-bedroom freehold flat in Victorian terrace
Sold at auction and being sold without possession
Local Housing Allowance implies c.29% gross yield at guide price
Buyer’s premium applies: £1,250 + VAT
No tests or warranties on services, fixtures, fittings
Requires modernization; potential renovation costs likely
Fast broadband, local shops nearby; small garden present
Area classed as very deprived — affects long-term growth
A rare auction opportunity for investors: a one-bedroom, freehold flat on Newton Street, Catrine, offered without possession. The property comprises an entrance hallway, lounge, kitchen, bedroom and bathroom in a Victorian period building with a small garden. Fast broadband and local shops add practical value for tenants.
Purchased at the guide price the Local Housing Allowance suggests a very high gross yield (advertised c.29%), making this suitable for a buy-to-let investor prepared to manage or carry out basic refurbishment. The flat sits in a traditionally built sandstone/brick terrace and offers clear scope for modernization to improve rental value and reduce voids.
Important negatives are factual and material: the sale is by auction and the property is sold without possession; no tests have been made of services or fittings and no warranties are given on condition. Buyers should budget for the auction buyer’s premium (£1,250 + VAT) and possible repair or modernization costs. The local area is classified as very deprived, which can affect long-term capital growth and tenant profiles.
This lot is best suited to a hands-on investor or landlord comfortable buying at auction, arranging their own surveys, and carrying out targeted upgrades to achieve the advertised rental return. For those willing to accept the risks, the combination of low purchase price, freehold tenure and strong LHA-derived income makes this a high-yield, short-term income opportunity.
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