Summary - 71, DURRIS DRIVE, GLENROTHES KY6 2HR
Gross annual rent £8,520 — approx. 13.1% gross yield at £65,000
Tenants in situ under one year; currently do not intend to vacate
Freehold first-floor flat; approx. 593 sq ft, small overall size
Spacious lounge, two bedrooms, three-piece bathroom, functional kitchen
Dated exterior and dilapidated garage block; external repairs likely needed
On-street parking only; garages appear limited without refurbishment
Located in a very deprived area — supports rental demand, limits growth
Buyer’s premium applies; see Let Property Pack for tenancy details
A straightforward buy-to-let for investors seeking immediate income. This first-floor, two-bedroom flat is offered with tenants in situ and currently produces a gross annual rent of £8,520 — around a 13.1% gross yield at the asking price of £65,000. The layout includes a spacious lounge, kitchen, two bedrooms and a three-piece bathroom in a well-kept internal condition.
The block sits in a challenged, very deprived area of Glenrothes, which supports rental demand but can affect long-term capital growth. The exterior is somewhat dated and the terrace garage block is dilapidated, so expect external maintenance and some visible wear. The property is small overall (approximately 593 sq ft) and has only on-street parking; garages appear to be of limited use without refurbishment.
Tenants have occupied the flat for under a year, have paid rent consistently and do not intend to vacate, so the sale will transfer with existing tenancy. The tenure is freehold, mobile signal is excellent and broadband speeds are fast — practical positives for letting. A buyer’s premium applies to secure purchase; see the Let Property Pack for full tenancy and investment documentation.
This is best suited to cash buyers or investors comfortable managing an income property in a constrained rental area. There is clear scope for modest cosmetic updating to drive higher rents or longer-term repositioning, but factor in area-level constraints and external repair needs when assessing total return potential.
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