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 Lhanbyrde, Elgin IV30
£76,000

Price History

Initial price £95,000
12/09/24 £91,000
20/09/24 £89,000
27/09/24 £87,000
03/10/24 £85,000
09/10/24 £83,000
16/10/24 £81,000
24/10/24 £79,000
30/10/24 £77,000
07/11/24 £85,000
13/11/24 £83,000
28/11/24 £79,000
04/12/24 £77,000
11/12/24 £75,000
18/12/24 £73,000
31/12/24 £80,000
08/01/25 £78,000
14/01/25 £76,000
Price Change -20.00%

Description

This 2-bedroom flat in Elgin is a fantastic 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 produces an annual gross income of £5,700, but with the new owner, this could be increased to a market rate of £10,800 with long-term tenants already in place. The tenants have been living in the property for several years and have consistently paid their rent, with no intention of moving out. With a current annual gross income of £5,700, this property offers a worthwhile addition to an investor's portfolio, and Let Property Sales is committed to facilitating a smooth transaction process.