Summary - 38, MORRISON COURT, STEVENSTON KA20 4JS
1 bed 1 bath Flat
Low-price buy-to-let with long-term tenant and high gross yield — refurbishment required.
Freehold 1-bedroom flat, approx. 452 sq ft
A compact one-bedroom flat in Morrison Court offered specifically as a buy-to-let opportunity. The property is freehold, currently let to long-term tenants who wish to remain, producing a gross annual income of £4,800. At the advertised price of £25,000 this delivers a very high gross yield (around 19%), making it of clear interest to income-focused investors.
The flat is in a mid‑20th‑century low‑rise block on a corner plot in an urban setting. Accommodation is small-to-average (approximately 452 sq ft) with one bedroom, lounge, kitchen and a three-piece bathroom. There is communal rear garden space, communal/private parking nearby and on-street parking immediately outside.
Be frank about condition: the building and individual flat appear dated and will require modernisation to maximise rental value. Broadband speeds are slow in the area and the neighbourhood is classified as very deprived, which will affect tenant profiles and future resale values. A Buyer’s Premium will be applied to the sale process — factor this into purchase costs.
This listing suits investors or developers seeking a low-cost entry into a rental portfolio or a refurbishment project with strong headline yield. The Let Property Pack and tenancy information are available for due diligence; assess repair costs and ongoing management requirements before committing.
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