Summary - 2B, SLOAN PLACE, IRVINE KA12 0HT
2 bed 1 bath Flat
Auction-ready investment with immediate cashflow and scope to add value.
Tenanted now — immediate rental income (advertised £525–£625 PCM)
A compact two-bedroom flat offered for sale at auction, presented as a tenanted investment with immediate rental income. The property is currently let (advertised rents £525–£625 PCM), producing income that, against the guide price of £55,000, is marketed as a high-yield opportunity. Broadband and mobile signals are reported strong, and communal outdoor space and on-site parking add straightforward tenant appeal.
This lot is aimed at investors seeking a ready-made let in an easily rented Irvine postcode. Local amenities, public transport links and nearby schools support lettability. Recent area sales cited are considerably higher than the guide price, suggesting possible upside if market conditions allow, though those comparables are from different years and should be independently verified.
Important practical points: the property will be sold at auction and is offered freehold. The area is recorded as very deprived, which can affect long-term capital growth and tenant profile. The flat is described as modern in style, but the listing notes a discounted price and potential for further improvement — buyers should allow for possible refurbishment and confirm the exact tenancy terms, service charges and any repair liabilities before bidding.
This is a tactical, income-focused purchase: suitable for investors comfortable with auction purchases and tenant management, and for those seeking an entry-priced asset with immediate cashflow and scope to add value through targeted works.
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