Initial price	£45,000
17/02/24	£43,000
Price Change	-4.44%

A large 1-bedroom ground floor flat in the popular Kilbarchan area is being offered for auction with a guide price of £55,000. The property has a home report valuation of £75,000 and is currently tenanted at a low rent of £70 per week. The property requires a small degree of renovation to unveil its full potential, but it has a market rental value of £475-£575 per month, generating an annual income of £5,700-£6,900. The gross potential yield is estimated to be 10.4%-12.5% if achieved. The property has sold recently for £91,750 and £85,000 in nearby locations, indicating strong capital growth potential. Early offers are considered, and the property will feature in an upcoming timed online auction.