1 bedroom flat for sale

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1 bedroom flat for sale

17 McGregor Avenue, Stevenston, KA20 4BA
£29,000

Price History

Initial price £36,000
25/05/24 £30,000
26/10/24 £22,000
18/11/24 £36,000
01/04/25 £29,000
Price Change -19.44%

Description

This is a tenanted one-bedroom flat in Stevenston, Ayrshire, Scotland, offered for sale through Prime Property Auctions with a guide price of £36,000. The property is currently generating an annual income of £5,100, providing a gross yield of 14.2%. The flat is located close to the town centre, supermarket, and retail park, with excellent road and transport links. The property has a potential rental income of £475-£550 per month, providing a gross annual income of £5,700-£6,600. The local area has seen recent sales of similar properties, indicating strong demand and potential for capital growth. The property is an excellent BRRR (buy, renovate, rent, and repeat) opportunity, offering a high-yielding investment with immediate cash flow.