1 Bed Flat For Sale

Tenanted ground floor one-bedroom buy-to-let investment property in central location in the coastal town of Saltcoats. The accommodation comprises living room, kitchen, double bedroom with built in wardrobes and bathroom with plumbed shower. The property benefits from having double glazing, gas central heating and being fully compliant for the rental market. 

The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the long-term tenant has been resident since 2022 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £4,680 representing an immediate yield of 12%. The property is let unfurnished and is sold as seen. The Home Report value is £40,000.

Saltcoats is a popular seaside town known for its picturesque sandy beaches and quaint harbour. It forms part of the ‘three towns’ alongside its neighbours Ardrossan and Stevenston. Over the past year, the average property price in Saltcoats was approximately £133,812, marking a 4% increase from the previous year. Commuting from Saltcoats to Glasgow is quite convenient, with regular train services, bus routes, and road connections making the journey accessible for commuters. Saltcoats offers buy-to-let investors an opportunity to acquire affordable properties with the potential for high rental yields.