2 bedroom semi-detached bungalow

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• Prime Property Auctions is excited to present this fantastic 2 bedroom refurbishment opportunity located within a prime location in Castle Douglas* Guide Price £70,000* *HOME REPORT VALUATION £110,000 *

 

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• * Burnside Villa, Balmacllenan, Castle Douglas, Kirkcudbrightshire, DG7 3QE previously Sold for £205,000 in February 2024, Tigh Mor, Balmaclellan, Castle Douglas, Kirkcudbrightshire, DG7 3QE Previously Sold for £205,000 in September 2022 *

 

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• Property would benefit from a degree of renovation. Once renovated the property could potentially be utilised as a Serviced Accommodation / Air bnb, subject to gaining necessary permissions. Sure to appeal to an investor looking for an entry level investment opportunity.

 

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• Comparable properties in the area are achieving upwards of £70 per night, generating a potential annual gross income of £17,885, or a gross yield of 25.55% based on an occupancy rate of 70% and a guide price of £70,000. *FANTASTIC YIELD POTENTIAL*

 

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• Property is located in a fantastic rural location, just a short 6 minute drive away from Galloway Forest Park & an hour drive from the A76 motorway. 

 

Prime Property Auctions NEW ENTRY. Fantastic 2 bedroom refurbishment opportunity located in a sought after location in Castle Douglas. *Guide Price £70,000* 

 

Property comprises: Entrance hallway, living room, kitchen, 2 large double bedrooms and bathroom. Property benefits from a driveway and ample storage throughout.

 

Prime Opportunity for Property investors looking for a property in an excellent rural location. Property requires a degree of renovation. Fantastic Capital growth potential. Sure to appeal to investors/developers looking for Rare auction property.

 

Excellent Development/Refurbishment Opportunity. Property is ready for shrewd investors to bring to life.

 

Brilliant SA / AirBnb Opportunity, subject to gaining necessary permissions. Comparable properties in the area are achieving upwards of £70 per night. Sure to appeal to investors looking for an easy lettable property in a sought after location.

 

Potential annual gross income of £17,885, or a gross yield of 25.55% based on an occupancy rate of 70% and a guide price of £70,000. 

*FANTASTIC YIELD POTENTIAL*

 

The local has seen some great sales recently showing that there is strong demand.

 

Local sales evidence:

* Burnside Villa, Balmacllenan, Castle Douglas, Kirkcudbrightshire, DG7 3QE previously Sold for £205,000 in February 2024, Tigh Mor, Balmaclellan, Castle Douglas, Kirkcudbrightshire, DG7 3QE Previously Sold for £205,000 in September 2022 *

 

Property has a Guide price of £70,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.

 

Potentially high yielding investment property.

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” 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.

 

Location:

 

Property is located in a fantastic rural location, just a short 6 minute drive away from Galloway Forest Park & an hour drive from the A76 motorway.

 

Castle Douglas is a charming market town in Dumfries and Galloway, Scotland, known for its vibrant local food scene, picturesque surroundings, and proximity to natural attractions like Loch Ken and the Galloway Forest Park. It serves as a hub for tourists exploring the region, creating demand for serviced accommodations. The town's appeal lies in its blend of rural tranquillity and community spirit, making it attractive to those seeking a peaceful lifestyle. Investment opportunities are bolstered by its growing reputation as a foodie destination, a base for outdoor activities, and the increasing popularity of staycations in scenic areas.