Initial price	£85,000
19/01/25	£75,000
Price Change	-11.76%

This prime new auction property is a large 3-bedroom mid-terraced house in Plains, Airdrie, Lanarkshire, requiring full renovation. The property has planning permission to convert the loft space into a third bedroom, and with some renovation, it's expected to have a resale value of over £135,000. Once renovated, it could attract a rental income of £700-£750 per month, generating an annual income of £8,400-£9,000. The property is situated in a highly desirable buy-to-let location near local amenities, making it an excellent investment opportunity for a shrewd investor. With sales evidence in the area showing similar properties selling for much higher, this property is priced to sell and offers a discount to ensure a fast sale at auction. The property could also be used as an Airbnb, commanding £100 per night and generating an annual income of £28,800 based on 80% occupancy.