Garmouth Road Lhanbryde, Elgin IV30 2 bed flat for sale

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Garmouth Road Lhanbryde, Elgin IV30 2 bed flat for sale

Garmouth Road Lhanbryde, Elgin IV30
£74,000

Price History

Initial price £95,000
04/09/24 £93,000
12/09/24 £91,000
20/09/24 £89,000
30/09/24 £87,000
07/10/24 £85,000
10/10/24 £83,000
17/10/24 £81,000
26/10/24 £79,000
30/10/24 £77,000
07/11/24 £85,000
13/11/24 £83,000
20/11/24 £81,000
28/11/24 £79,000
04/12/24 £77,000
11/12/24 £75,000
19/12/24 £73,000
01/01/25 £80,000
08/01/25 £78,000
15/01/25 £76,000
29/01/25 £74,000
Price Change -22.11%

Description

This 2-bedroom flat in Elgin is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious lounge, modern kitchen, and two bedrooms. Currently, it generates an annual gross income of £5,700, which has the potential to increase to £10,800 with long-term tenants already in place. The current tenants have been consistently paying their rent for several years and have no intention of moving out, making for a smooth and lucrative investment. With a purchase price that will yield a worthwhile return, this property is an attractive addition to any investor's portfolio.