The cheapest one-bed flat in Kilmarnock is going under the hammer next week with a guide price of just £10,000.
In need of a full refurbishment throughout, the ground floor flat at 3 Dick Road offers a golden opportunity to restore this once loved home to its former glory.
A real fixer-upper, number 3 may not appeal to everyone, but with a price starting at just £10,000 — the cheapest property for sale in the town, according to online property portals Rightmove and Zoopla — it’s a hard deal for any potential developer to turn down.
The flat’s original layout comprises; an entrance hallway, living room, bedroom, galley kitchen and bathroom, however the new owner could look to reformat the accommodation.
Mandi Cooper, managing director of Auction House Scotland who are selling the property, said: “With a guide price of £10,000, this property has already been attracting a lot of attention ahead of our September auction.
“Although currently uninhabitable, it would make for a great refurbishment project and offers a potential buyer an exciting opportunity to add value.
“Once completed, the flat could be used as a buy-to-let property with a potential annual rental income of £4,189 (at Local Housing Allowance rates).”
The property will be going under the hammer at Auction House Scotland’s in-room auction taking place at 2pm on Friday, September 2 at the Radisson RED hotel, 25 Tunnel Street, Glasgow.
The auction will be live streamed allowing interested bidders the option to watch and bid online, whilst telephone and proxy bidding is also available if potential buyers are unable to attend the auction to bid in person.
All bidders are required to register to bid before participating.
Open viewings of the property are taking place on Friday, August 26 from 11-11.30am, and Tuesday, August 30 from 10–10.30am should anyone interested in the flat want to take a look around.
For more information about the property, including the legal pack, as well as details of the auction and how to register to bid, please visit: auctionhouse.co.uk/scotland or call 0141 339 4466.
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