3 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions is excited to bring to market this exceptional 3 bed flat, located within a prime location in Galashiels. *Home Report of £120,000*
- *57, High Street, Galashiels, Selkirkshire TD1 1RZ previously sold for £155,000, 151, High Street, Galashiels, Selkirkshire TD1 1RZ sold for £98,000*
- Property is Currently Tenanted at £550 pm/ £6600 pa making it an attractive cash producing Investment giving immediate cash-flow. Current Yielding at 7.76% is at Guide of £85,000.
- Turnkey Investment offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location
- For rental purposes the property could attract a monthly rental figure of £650 - 795 per month ( £7,000- £9,540 p/a ) which could give an excellent yield of 8.2- 11.2% based on a guide price of £
- Prime Property Auctions is excited to bring to market this exceptional 3 bed flat, located within a prime location in Galashiels. *Home report of £120,000*
- *57, High Street, Galashiels, Selkirkshire TD1 1RZ previously sold for £155,000, 151, High Street, Galashiels, Selkirkshire TD1 1RZ sold for £98,000*
- Property is Currently Tenanted at £550 pm/ £6600 pa making it an attractive cash producing Investment giving immediate cash-flow. Current Yielding at 7.76% is at Guide of £85,000.
- Turnkey Investments offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location
- For rental purposes the property could attract a monthly rental figure of £650 - 795 per month ( £7,000- £9,540 p/a ) which could give an excellent yield of 8.2- 11.2% based on a guide price of £85,000
Prime Property Auctions is excited to bring to market this exceptional 3 bed flat, located within a prime location in Galashiels. *Home report of £120,000*
Property comprises: Entrance hallway, living room, WC, kitchen, 3 bedrooms, large storage cabinet.
This property is offered at a fantastic price to ensure an Auction sale and an excellent gross yield of 7.76%.
Property is professionally factored, ideal for turnkey investments. The property could attract a monthly rental figure of £650 - 795 per month ( £7,000- £9,540 p/a ) which could give an excellent yield of 8.2- 11.2% based on a guide price of £85,000.
Local sales evidence:
57, High Street, Galashiels, Selkirkshire TD1 1RZ previously sold for £155,000, 151, High Street, Galashiels, Selkirkshire TD1 1RZ sold for £98,000
Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “OFFER NOW” button on our website.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Galashiels stands as a prime investment opportunity poised for growth and development. With its strategic location, vibrant community, and rich heritage, Galashiels offers a range of investment avenues across various sectors. The town's proximity to Edinburgh and excellent transport links make it an attractive location for commercial and residential projects. Investors can leverage Galashiels' strong sense of community and cultural events to support local businesses and infrastructure initiatives. Additionally, the town's access to outdoor recreational areas and scenic landscapes presents opportunities for eco-tourism and leisure developments. Investing in Galashiels not only promises financial returns but also contributes to the town's ongoing prosperity and appeal.
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Property reference 203601490. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 5, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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