1 bedroom property for sale
Key information
Property description & features
- Prime Property Auctions is excited to present this exceptionally rare development opportunity located within a prime location in Falkirk *Guide of £80,000*
- The site comes with planning in principle for 5 residential flats. * 3x 1 beds flats, 1x 2 beds flat and 1x 3 beds flat* planning reference no. P/23/0520/FUL
- *50, Caledonian Court, Falkirk, Stirlingshire FK2 7FL sold for £190,000, 2, Longdales Avenue, Falkirk, Stirlingshire FK2 7HZ sold for £175,000*
- Potentially excellent opportunity for serviced accommodation, potentially returning £43,300 per annum once developed (subject to gaining necessary planning consents)
- Property requires full renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.
- Prime Property Auctions is excited to present this exceptionally rare development opportunity located within a prime location in Falkirk *Guide of £80,000*
- The site comes with planning in principle for 5 residential flats. * 3x 1 beds flats, 1x 2 beds flat and 1x 3 beds flat* planning reference no. P/23/0520/FUL
- *50, Caledonian Court, Falkirk, Stirlingshire FK2 7FL sold for £190,000, 2, Longdales Avenue, Falkirk, Stirlingshire FK2 7HZ sold for £175,000*
- Potentially excellent opportunity for serviced accommodation, potentially returning £43,300 per annum once developed (subject to gaining necessary planning consents)
- Property requires full renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.
Prime Property Auctions is excited to present this exceptionally rare development opportunity located within a prime location in Falkirk *Guide of £80,000*
Planning Application comprises:
Ground Floor: 2 Bedroom Flat & 1 Bedroom Flat
First Floor: 3 Bedroom Flat
Second Floor: 1 Bedroom Duplex Flat & 1 Bedroom Flat
The GDV is estimated at £555,000 - £630,000 in the area. Sales Evidence:
*50, Caledonian Court, Falkirk, Stirlingshire FK2 7FL sold for £190,000, 2, Longdales Avenue, Falkirk, Stirlingshire FK2 7HZ sold for £175,000*
1 Bedrooms Flats sale achieving a range between £90,000- £105,000
2 Bedrooms Flats sale achieving a range between £110,000- £125,000
3 Bedrooms Flats sale achieving a range between £175,000 - £190,000
For rental purposes, units combined could attract a monthly rent of £3975 - £5500 p/m (£47,700 - £66,000 p/a) which would provide an excellent gross yield of between 59%- 82.5% based on a guide price of £80,000.
Potentially excellent opportunity for serviced accommodation, with rates for 1 bed properties in the area starting from around £150 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £3600 p/m (£43,200 p/a) which would generated an incredible 54% gross yield if secured at the guide of £80,000.
Property requires full renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property
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.
This property is offered at a fantastic price to ensure an Auction sale.
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.
This property could also be an excellent opportunity for serviced accommodation, with rates for 1 bed properties in the area starting from around £150 per night. *POTENTIALLY HIGH YIELDING INVESTMENT*
Location:
Falkirk, strategically positioned in central Scotland, presents a compelling investment opportunity due to its dynamic economy and cultural significance. As a vibrant town with a diverse range of industries, including manufacturing, tourism, and retail, Falkirk offers investors various prospects for growth. Its strategic location, excellent transport links, and proximity to major cities make it an attractive destination for businesses and residents alike. Investors can leverage Falkirk's strong economic fundamentals to support commercial and residential developments, infrastructure projects, and tourism initiatives. Additionally, the town's rich history, cultural attractions, and natural beauty create opportunities for leisure and entertainment ventures. Investing in Falkirk promises both financial returns and the chance to contribute to the continued prosperity and vitality of this thriving town in Scotland.
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*DISCLAIMER
Property reference 205542781. 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 April 25, 2024
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 April 25, 2024
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
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