Summary - 41A, SPRINGVALE STREET, SALTCOATS KA21 5LP
1 bed 1 bath Apartment
Auction-ready one-bedroom with strong rental potential for active investors.
Large one-bedroom apartment in central Saltcoats
A large one-bedroom apartment in central Saltcoats, offered for auction with clear buy-to-let appeal. The property is offered as a freehold lot and is described as ready to let, with estimated rental of £425–£500 pcm (£5,100–£6,000 pa). At the advertised guide price of £27,000 that rental equates to a high gross yield (circa 18–22%). Mobile signal and broadband speeds are reported as excellent and fast, supporting lettability.
Built as a Victorian terrace, the flat has period character but requires modernization. Interior photographs and descriptions indicate basic fixtures, carpeted floors, standard ceilings and some signs of age; there is potential for damp and general refurbishment. Buyers should budget for updating kitchens, bathrooms and cosmetic redecoration to secure longer-term tenants at higher rents.
This is an investor-focused opportunity in a very deprived area where comparable recent sales on the same street have ranged between circa £50,000–£76,000. The lot will be sold at auction; prospective purchasers must allow for auction fees and confirm tenancy details. The property is freehold, council tax band A and near local amenities, transport links and Saltcoats’ coastline — features that support demand for rental accommodation.
Important negatives: the area is classified as very deprived; the flat needs modernization and likely refurbishment work; being sold at auction means completion terms and checks must be undertaken prior to bidding. These factors reduce hands-off owner-occupier appeal but present scope for active investors to improve value and income.
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