What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£4,172
ROCE9%
Yield11%
Purchase £ £45,095
Property description
Strategy: Buy to Let
A great opportunity to purchase a high yielding freehold property with a long-term tenant in place.
Saltcoats is a welcoming and quiet coastal town in North Ayrshire, perfectly positioned along the stunning Firth of Clyde and forming part of the well‑known “Three Towns” waterfront with Ardrossan and Stevenston. It is well connected to Glasgow by public transport and is in close proximity to 2 airports (Prestwick Intl 25mins & Glasgow Intl 45mins).
2 bedroom first floor flat in a highly sought after residential street.
53 sqm property comprises communal entrance hallway, front facing lounge, fitted kitchen, two double bedrooms and a family bathroom. The property further benefits from gas central heating, double glazing throughout and storage.
Parking: ample on street parking (no residence permit required) Garden: rear communal garden area
EPC rating: D; Tenure: Freehold
Key Financials:
▪ Purchase Price: £39,995
▪ GDV: £48,000
▪ Annual profit: £4,172
▪ ROCE: 9%
▪ Yield: 11%
▪ Net Yield: 9%
▪ Rent: £433 pm; £5,200 pa
▪ Profit: £348 pm; £4,172 pa
For more information, please get in touch.
Sourced reference: 454896212416562
Due diligence
Tenant in place and rental income validated with letting agent (same as estate agent).
Similar rent income included among the comparable in the same street for similar properties
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£4,172
ROCE9%
Yield11%
Purchase £ £45,095
Sales Agent
Michael Haguinet
August Place Property Ltd
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network