1 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Potential rental yield of circa 19%
- £12,000 discount on home report value
- Well maintained communal areas
Online Property Auctions Scotland are delighted to offer this wonderful 1 bed ground floor apartment in Rothesay, Isle of Bute. Comprising, open plan lounge / kitchen, bedroom, shower room and entrance hallway. A degree of internal modernisation is required.
The property is located in a popular residential area with open views. Conveniently positioned with easy access to Rothesay town centre and all amenities.
The guide price has been set at £12,000 below current home report value of £37,000.
There is scope to carry out some internal works and create immediate further equity.
Entrance hall, lounge/kitchen, bedroom and shower room.
Potential end market rent £400pcm/£4,800pa giving rental yield of circa 19% mbased on guide price.
Ideal low cost holiday home.
Nearby sales include:
- 2/1, 179 High Street, Rothesay - Sold for £52,000 Mar 22
- 1/1, 157 High Street, Rothesay - Sold for £80,000 Dec 21
- 161 High Street, Rothesay - Sold for £75,000 Jul 22
- 85 High Street, Rothesay - Sold for £70,000 Oct 23
Situated on the Isle of Bute, in the Firth of Clyde off the West Coast of Scotland. Bute is an area of outstanding natural beauty and is the most accessible of all the Scottish Islands. There are two regular ferry services to the island from Wemyss Bay, near to Glasgow and from Colintraive on the Argyll peninsula. Bute can be an activity based experience if you desire. Diving, walking, swimming, cycling, fishing, shooting, sailing and golf are amongst the activities on offer. It has also seen an explosion of quirky eateries, including an American diner with live entertainment, an authentic Italian, a French Moroccan bistro as well as traditional Inns offering Scottish fare.
The island has also seen a wealth of new niche businesses in recent years. Bute hosts many festivals through out the year such as the highland games, jazz festival, Bute Noir book festival, LGBT pride march, classic car rallies and Bute Song to name a few. Bute has seen a surge in recent years of folks looking for a lifestyle change by relocating to the Island and travelling to the mainland for work. Excellent broadband access also means working from home on the Island is possible.
Ideally positioned for easy access to the seafront and less than a half-mile walk to the ferry terminal. Situated on the town's high street, the flat is close by to many amenities such as shops, restaurants and more. The property has the potential to be used as a holiday let as the 'staycation' option has become increasingly popular.
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