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One-bedroom flat with main door access

Glenrothes, KY6 - Get Access

1 bed 1 bath

Description

Refurbished main door ground floor flat in a popular residential area of Glenrothes. This freehold property is tenanted, generating £400 per month. Built circa 1960s, it features a living room, kitchen, one bedroom, and a bathroom. The net internal area is 44 Sq.M. The property has an electricity supply with a meter and consumer unit located in a kitchen cupboard. Heating is provided by wall-mounted convector/panel heaters. The surrounding area consists of similar residential properties. The flat benefits from double glazing and has a smoke alarm and carbon monoxide detector. It is managed by a letting agent. The EPC rating is Band F. Internal pictures were taken in January 2025. The property is located in a local authority residential area of Glenrothes. Council Tax is Band A. Houses in Keith Drive have an average sale price of £80,000 over the last year, with prices showing a 9% decrease year-on-year. Nearby sales evidence includes 14 Keith Drive (£100,000), 9 Keith Drive (£94,000), 48 Cullen Drive (£110,000), 71 Cullen Court (£38,500 in 2023), and 97 Keith Drive (£97,000 in August 2024). Glenrothes is a well-established New Town with numerous technology businesses. It offers excellent road links via the A92 for commuting to major cities. Mainline train services are available at Markinch and Thornton stations. Local amenities include various primary and secondary schools, the Kingdom Centre for shopping, an 18-hole golf course, and the Michael Woods Sports Centre for leisure activities. The tenancy is a Private Residential Tenancy (PRT) with an annual rent of £4,800 (£400 per month), providing an approximate yield of 27%. The tenant has occupied the property since 2021 and it is managed by the landlord. All certificates for rental are in place.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 474 sq ft (Listing)

The property is a 1-bedroom ground floor flat built circa 1960s in Glenrothes. The valuation was primarily based on comparable sales of similar properties in the immediate vicinity, with adjustments made for condition and specific features. The property's current tenanted status and rental yield were also considered as secondary indicators of value.

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