AN ‘INHABITABLE” flat is available on the market marketed as a ‘nice refurbishment venture’ however will it FLIP or FLOP after public sale.
Any first-time-buyers struggling to get onto the property ladder could really feel hope to see a one bed room flat in Scotland listed for £10,000.
A one bed room flat in Scotland listed for £10,000, however wait till you see what’s inside.
However, the property is presently stripped again to it is bones with particles and damaged furnishings hiding holes within the ground, in addition to a broken ceiling.
Mandi Cooper, the Managing Director at National Property Auctions Limited, stated: “With a information value of £10,000, this property has already been attracting a number of consideration forward of our September public sale.
“Although presently inhabitable, it could make for an awesome refurbishment venture and gives a possible purchaser an thrilling alternative so as to add worth.”
Ms Cooper estimated the flat, situated in East Ayrshire, may very well be used as a buy-to-let funding, she stated: “The property might have a possible annual rental earnings of £4,189 (at Local Housing Allowance charges).”
The promoting agent in command of the property suggested the flat is in an awesome location for anybody commuting in and round Glasgow as a result of it’s close to the M77.
They stated: “It could not enchantment to everybody, nonetheless with a value beginning at simply £10,000 it is a arduous deal for any property developer to show down.”
The structure of the potential ‘flip’ contains an entrance corridor, lounge, galley-style kitchen and bed room.
Auction House Scotland shall be holding an in-house public sale on September 2, on the Radisson RED lodge in Glasgow at 2p.m, the place the flat shall be out there to bid on.
Buying homes at public sale typically results in jaw-dropping offers, like this property which was out there for half the value of the Scottish flat, at £5,000.
However, ‘flipping’ a property doesn’t have to value 1000’s, learn how a mum-of-one renovated her toilet for under £4.
This one-bed flat is up on the market for simply £10,000Credit: SWNS
The uninhabitable flat, in Kilmarnock, East Ayrshire will go beneath the hammer on September 2.Credit: SWNS
The property might be seen in full on-line at Auction House Scotland.
The flat was described as “an awesome refurbishment venture and gives a possible purchaser an thrilling alternative so as to add worth.”Credit: SWNS
The one-bedroom flat may very well be good for Glasgow commuters as it’s close to the M77.Credit: SWNS