One-bedroom tenanted investment flat

Large 1 bedroom tenanted investment property currently tenanted at £399 pcm providing immediate cashflow and an annual income of £4,788. This provides a gross yield of 13.7% at the guide price of £35,000. The property has rental potential of £425 to £475 per calendar month, generating an annual income of £5,100 to £5,700, which would increase the gross yield to 16.3% in line with the market. Accommodation comprises an entrance hallway, living room, bedroom, bathroom, and kitchen. Situated on a quiet street close to local amenities. Local sales evidence indicates strong potential for capital growth, with comparable properties on Castle Street selling for £40,000 in April 202 and £36,000 in November 2023. Sure to appeal to investors looking for an easily lettable flat in a sought-after location with high yield and strong local demand. Maybole is a town in South Ayrshire, situated 9 miles south of Ayr and 50 miles southwest of Glasgow, bypassed by the A77 and served by the Glasgow and South Western Railway. A main attraction is Culzean Castle, overlooking the Firth of Clyde, part of the National Trust for Scotland.