This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Part of a portfolio of two flats
- Ideal addition to any rental portfolio
- Being sold along with Elizabeth Street
- Portfolio Guide Price £130,000
- Strong gross rental yield potential
- Potential for further development
- Visit the Auction House Scotland website to download the Legal Pack
New to the auction market is this Fife portfolio, comprising two, two bedroom ground floor flats in Main Street, Lumphinnans and Elizabeth Street (listed separate), Dunfermline. Lumphinnans is a spacious property which offers front facing lounge, two double bedrooms, dining kitchen with utility off, and bathroom with over bath shower. In addition, there is a large basement/cellar area which, potentially, could be converted into additional accommodation subject, of course, to the required permissions/warrants. Cumulative LHA rentals offer a gross rental yield of 8.7%, but local comparables would suggest that both properties could achieve higher revenues given the strong rental market. This is an outstanding opportunity for a rental investor to add to their existing buy to let portfolio, or could be an ideal first step into building a property rental business. This is sure to move quickly, so early expression of interest is essential. Council Tax Band: A.
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*DISCLAIMER
Property reference AGG-80826018. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland - Scotland.
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Broadband availability and predicted speed: obtained from Ofcom on May 12, 2023
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