Summary - 17, PEESWEEP BRAE, CUMNOCK, LUGAR KA18 3LE
8 bed 4 bath Detached
Turnkey, fully let 8‑unit HMO with strong income — auction sale for experienced investors..
- 8 studio apartments producing £2,560 pcm (£30,720 pa)
- Headline yield approximately 15.75% at guide price
- Fully occupied with long-term tenants in situ
- Stone Victorian building with high ceilings and large rooms
- Off-street parking and communal laundry room included
- Broadband speeds reported as slow despite excellent mobile signal
- Located in a very deprived area; council tax above average
- Sale by timed online auction; buy with bidding account ready
An 8-bedroom detached Victorian Gothic building offered as a fully let HMO/Bedsit investment in Cumnock. Currently producing £2,560 PCM (£30,720 pa) from long-term tenants, the lot is promoted as a turnkey, fully occupied income stream with off-street parking and a communal laundry room. The property’s stone facade, high ceilings and large rooms give clear period character and potential for rental premium or reconfiguration.
This is an auction lot offered at a guide price of £180,000, which—based on the stated income—produces a headline yield of about 15.75%. Immediate income is in place, making the purchase attractive to experienced investors seeking cash flow from day one. The sale route is timed online auction; buyers should have bidding arrangements prepared before bidding.
Notable cautions: the building sits in a very deprived local area and council tax is reported above average, factors that can affect future capital growth and tenant profile. Broadband speeds are slow despite excellent mobile signal. The listing mentions period features and also refers to renovation potential; buyers should budget for ongoing maintenance, compliance checks for HMO licensing, safety certificates and any remedial works revealed by survey.
Overall this is a high-yield, income-producing HMO in a buy-to-let location. It suits a seasoned investor prepared to buy at auction, carry out any required compliance or upgrading works, and manage a multi-unit let in a challenged neighbourhood.
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