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One-bedroom flat in a popular residential location

Cupar, KY15 - Get Access

1 bed 1 bath

Description

READY LET 2nd Floor 1 Bedroom flat in popular residential location. *** 2026 RICS HOME REPORT VALUE = £35,000 *** Tenanted with current rental of £250 per month. (£3,000pa) Instant Rental Investment. Comprises Lounge/bedroom, kitchen and shower room. Sold as ongoing investment with tenant in situ. Well maintained rental location. HIGH DEMAND RENTAL LOCATION Nearby amenities include shops, schools, and access to transportation services. Rent passes to new owner and tenant carries on occupation under agreement. FANTASTIC BUY TO LET INVESTMENT with instant income and great capital growth potential. The development is located on Newtown, in what is considered an established residential area, a short distance to the north of the main commercial shopping thoroughfare and town centre. Cupar is a former market town in North East Fife, having resident population just in excess of 9,000 persons but also serves as a centre for a large rural hinterland. The town contains a mixed range of commercial businesses in the busy town centre with well established industrial users located in business parks and industrial estates on the eastern outskirts of the town. Cupar lies approximately 11 miles north-east of Glenrothes which is the main administrative and commercial centre for the whole area, while the historic university town of St Andrews lies some 9 miles due east. The cities of Perth and Dundee are within convenient travelling/commuting distance while the town also benefits from a mainline railway station, together with good road links providing access to the Central Scotland motorway network. Tenancy Details: Type of Agreement: Private Residential Tenancy (PRT) Length: Rolling lease Rent: £3,000 per year / £250 per month Yield: 38% (approx) Tenant: Private Individual Notes: Instant income with tenant in situ paying £250 per month. Sold as ongoing investment. Well maintained rental location.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 475 sq ft

The valuation is based on the property's location, type, and condition, with primary consideration given to the RICS Home Report value and the property's current tenanted status as an investment. Given the lack of direct comparable sales for this specific building, the valuation considers the general market for similar properties in the Cupar area.

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