If you have £10,000 to spare for an investment then one of these three properties in Ayrshire could be the opportunity you are looking for.
They may need a complete makeover before you or future tenants can call it home sweet home, but who doesn’t love a splashy renovation job…if you’re willing to do the work.
And with cheap guide prices all currently under £10,000 – with the lowest placed at just £4,000 – it’s expected that your property won’t be a flop.
Here’s what £10,000 could get you in the Ayrshire property market…
Moorburn Road, Largs
This home is going under the hammer in a timed online auction on Thursday, May 19.
And with a guide price of £4,000, the first-floor one-bed apartment, near the seafront in the North Ayrshire town, is sure to attract potential buyers.
The accommodation, which will require renovation, comprises; an entrance hall, a living room/kitchen, a double bedroom, a bathroom and plenty of storage.
Future Property Auctions, Glasgow, who are marketing the property, say it is an ideal second holiday home or buy-to-let, with rental potential of around £425-£475 per calendar month , a return of £5,100 to £5,700 per year.
Future Property Auctions says: ‘The property benefits from double glazing, a secure entry door system and a communal rear garden.
“The property is currently uninhabitable and will require minor renovation before habitation.”
• The auction takes place on Thursday May 19 between 10 am and 3 pm. For more details on how to bid on this property, visit the website or call 0141 632 6599.
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Old Avenue, Auchinleck
This is a one bedroom ground floor property which is described as an ‘ideal investment property’.
The accommodation is composed of; entrance hall, large living room, kitchen, large double bedroom, bathroom with electric shower and a garden.
The kitchen is spacious and relatively modern but could do with a lick of paint to give it a facelift.
The property further benefits from double glazing and gas central heating with a combi boiler.
The house, which is being auctioned by Future Property Auctions, Glasgow, has a guide price of £5,000 with a potential rental of around £425 pcm (£5,100 per year).
Future Property Auctions, Glasgow, says: “This property is ideal for first time buyers and/or rental investors.”
• The auction will take place on Thursday May 19 between 10 am and 3 pm. For full details, click here or call 0141 632 6599.
Park Road, Ardrossan
And if you’re lucky enough to have £10,000 to spare for an investment opportunity, then this one-bed flat on Park Road, Ardrossan could be the one.
The property, which comprises a lounge, large double bedroom, kitchen and shower room, requires complete renovation and will appeal to developers or investment buyers.
Property Trader Ayr, who markets the flat, says the rental potential is around £400pcm.
The apartment is located close to Ardrossan town center with easy access to all travel links.
• Indicative price £10,000. Contact Property Trader, Ayr, on 01292 872034.
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