Low-cost auction flat with rental potential for hands-on investors..
- One double bedroom flat with open-plan living room and kitchen
- Requires renovation prior to habitation; sold as-is at auction
- Guide price shown previously at £30,000; current listing price from data £15,000
- Potential rent £375–£425 pcm after refurbishment (gross annual £4,500–£5,100)
- Possible gross rental yield circa 15–17% at a £30,000 purchase price
- Located within walking distance of shops, ferry terminal and local services
- Very deprived local area; resale and tenant demand can be mixed
- Freehold tenure, no flood risk, excellent mobile signal, fast broadband
A one-bedroom flat offered for auction in Ardrossan, presented primarily as a buy-to-let opportunity. The property requires a degree of renovation before habitation but offers clear rental and capital-growth potential once refurbished.
The layout includes entrance hallway, open-plan living room with kitchen, double bedroom and shower room. Comparable local sales cited in 2021–2022 and projected post-renovation rents of £375–£425pcm suggest attractive yields at low purchase prices.
This lot will be sold at auction and is priced to reflect its condition and the surrounding area's high deprivation levels. Practical positives include freehold tenure, no flood risk, excellent mobile signal and fast broadband — useful for letting appeal. Drawbacks: renovation required, area classified as very deprived, and typical auction sale risks (sold as-is, buyers must satisfy themselves).