One-bedroom flat with tenant in situ

A tenanted one-bedroom flat located in a popular buy-to-let location in Ayrshire. The property comprises an entrance stairway, living room, double bedroom, kitchen, and bathroom. Room dimensions are as follows: lounge measuring 4.20 x 4.20 m, kitchen measuring 2.90 x 2.90 m, bedroom measuring 3.80 x 3.30 m, and shower room measuring 1.80 x 1.40 m. The property is currently tenanted at £425 per calendar month, providing an annual income of £5,100 and a gross yield of 14.2% based on the guide price of £36,000. Potential rental income is estimated at £475 to £550 per calendar month, which would yield a gross annual income of £5,700 to £6,600 and a potential gross yield of 15.8% to 18.3%. Local sales comparables include 49 McGregor Avenue, which sold for £55,000 in October 2023, and 87 McGregor Avenue, which sold for £75,000 in 2021. This property represents an affordable buy-to-let investment or BRRR opportunity with strong local demand and capital growth potential. Situated close to local supermarkets, retail parks, and transport links, Stevenston town centre is just a minute's walk away and offers local amenities, doctors' and dental surgeries, and frequent transport links to Ayr, Largs, and Glasgow. Stevenston is a town and parish in North Ayrshire, Scotland, forming one of the "Three Towns" along with Ardrossan and Saltcoats on the Firth of Clyde coast.