1 Bedroom tenanted flat for sale in the high rental demand seaside town of Saltcoats.
41A Springvale Street is a tenanted ground floor one bedroom flat situated in the busy seaside town of Saltcoats. The tenant is paying £399 per month which provides an annual income of £4788 giving an excellent return on investment for someone looking to grow and build their property portfolio with expected yield to be around 16-18%.
Previous sales of similar flats in this street notably number 37c and 22 amounted to £50,000 and £76,000 respectively!
Locally, Saltcoats provides quick and easy access to the larger towns of Irvine, Kilmarnock and Ayr with Glasgow Prestwick International Airport within 25 minutes.
Saltcoats has a mainline train station with access to Glasgow City Centre in approximately 40 minutes- making it a popular base for commuters.
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The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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