1 bedroom flat for sale
Key information
Property description & features
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Vacant
- AUCTION DATE: 16 May 2024
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
Vacant ground floor STUDIO FLAT within then centre of Brechin. Lovely gardens. Traditional Flat, Well presented internally. Discounted from open market value to ensure auction sale. Comprises: Open plan lounge with kitchen and bedroom. Bathroom. Well maintained rear gardens (as pictured). Ground Floor Flat situated in great central location of popular commuter town of Brechin. SURE TO APPEAL TO BUY TO LET INVESTORS LOOKING FOR A PROJECT WITH EXCELLENT CAPITAL GROWTH AND RENTAL YIELD POTENTIAL. EXPECTED RENTAL YIELD AT GUIDE PRICE OF 21% - 24%. Property has excellent potential and would suit a buy to let landlord looking for an easy project that would be a sure addition to their portfolio - Brechin sits on the banks of the River South Esk, a Historic town and former Royal Burgh of Angus. Brechin Town Houses and Museum Houses tell the city’s story of the last 2000 years and The Caterthuns where you can see remains of iron-age hill forts. CAPITAL GROWTH POTENTIAL. Property may require some renovation in order to reveal its true potential. Once renovated the property would attract a month rental of £350-£400. LOCAL SALES: 160 Montrose Street, Brechin, Angus, DD9 7DZ sold for £50,000 June 2021, 107b Montrose Street, Brechin, Angus, DD9 7DG sold for £68,500 November 2019.
Auction Details
16 May 2024, 10am-3pm
Timed Online Auction
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Broadband availability and predicted speed: obtained from Ofcom on April 6, 2023
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