If you’ve got a spare £10,000 squirrelled away for an investment, then one of these three properties in Ayrshire could be the opportunity you are after.
They may need complete makeovers before you or future tenants can call it home sweet home, but who doesn’t love a glow up renovation job... if you’re prepared to put in the work.
And with cheap guide prices all currently below £10,000 — with the lowest placed at just £4000 — it’s anticipated your property flip won’t be a flop.
Here’s what £10,000 could get you on the property market in Ayrshire...
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 one-bed first floor flat — which is located near the North Ayrshire town’s waterfront- is sure to attract potential buyers.
The accommodation, which will require renovation, comprises of; an entrance hallway, living/kitchen, double bedroom, bathroom and ample storage throughout.
Future Property Auctions, Glasgow, who are marketing the property, say it is an ideal second holiday home or a buy to let, with rental potential of approximately £425- £475 per calendar month, yielding £5,100 — £5,700 per annum.
Future Property Auctions say: “The property benefits from double glazing, secure door entry door system and communal garden area to the rear.
“The property is currently uninhabitable and will require a light renovation prior to habitation.”
• The auction takes place on Thursday, May 19 between 10am and 3pm. For full details on how to bid on this property, visit the website or call 0141 632 6599.
Old Avenue, Auchinleck
This is a one-bedroom ground floor property which is described as an ‘ideal investment property’.
The accommodation is made up of; entrance hallway, large lounge, kitchen, large double bedroom, wet room 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 combi boiler.
The home, which is being auctioned off by Future Property Auctions, Glasgow, has a guide price of £5000 with potential rental of approximately £425pcm (£5,100 per annum).
Future Property Auctions, Glasgow, say: “This property is ideally suited for first time buyer and/or buy-to-let investors.”
• The auction takes place on Thursday, May 19 between 10am- 3pm. For full details, click here or call 0141 632 6599.
Park Road, Ardrossan
And if you’re fortunate enough to have a spare £10,000 for an investment opportunity, then this one-bed flat on Park Road, Ardrossan could be the one.
The property, which comprises of lounge, large double bedroom, kitchen and shower room, requires a full refurbishment and will appeal to developers or investment buyers.
Property Trader, Ayr, who are marketing the flat, say the rental potential is around £400pcm.
The flat is located close to Ardrossan town centre with easy access to all travel links.
• Guide Price £10,000. Contact Property Trader, Ayr, on 01292 872034.
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