Property description
> 1 Bed Flat
> FREEHOLD
> NO GROUND RENT
> High Demand for rental property
> Immaculate Condition
Comparisons
9 Chapelhill Road. PA20. 1 Bed Flat.
For Sale 2015 for £ 45,000.
5B Columshill Place PA20
1 Bed Flat,
For Sale 2015 for £43,500
Market Analysis (Land Registry)
Consecutive prices rise of 6.19% increase in the last 1 year
Purchase Option
Market Value (RIC's Report. 2015) £ 40,000
Sale Price £ 29,000
Annual Rental income £ 4,400 pa
Yield 15 %
Pegasus Estate Agency are delighted to offer to the market this1 bedroom flat situated within a popular residential area of Argyle Street. Accommodation comprises; Lounge, Kitchen, Bedroom, Bathroom. The property has recently undergone a full refurbishment and is ready to move in.Arglye Street lies on the east coast of the Isle of Bute, about a mile and a half north of Rothesay. Together with its eastern neighbour of Ardbeg it stretches along the south shore of the deeply indenting Kames Bay. Kames Bay lies at the east end of a low-lying valley that cuts right across the Isle of Bute to Ettrick Bay on the west coast.
The area is well renowned for it natural beauty. The flats are tenanted all year round.
Property Features :
- FREEHOLD
- Yield 15 %
- 27.5 % Below Market Value ( RIC´s Valuation 2015 at £ 40,000)
- Overlooking Marina
- Fantastic Views