Initial price	£43,000
25/05/24	£40,000
Price Change	-6.98%

This is a Prime Property Auctions New Entry, a large 1 bedroom ground floor flat located in the popular Kilbarchan area. According to the Home Report valuation, the property has a market rental value of £475-£575, generating an annual income of £5,700-£6,900. The property requires a small degree of renovation to unveil its true potential, but it has fantastic capital growth potential. The property has a Guide Price of £55,000 and has already sold for higher amounts in the area, with 20 Easwald Bank, Milliken Park, Johnstone selling for £91,750 in March 2022 and 21, 1/L Easwald Bank, Kilbarchan selling for £85,000 in December 2021. The property is currently tenanted at a low rent of £70 per week and offers a fantastic gross potential yield of 10.4%-12.5% if achieved for the Guide price.