This property is no longer on the market
2 bedroom terraced bungalow
Key information
Property description & features
- Prime Property Auctions is pleased to present this excellent refurb opportunity in the picturesque town of Furnace - * Guide Price £45,000 *
- * Lilydale, Furnace, Inveraray, Argyll PA32 8XN previously £165,000 in 2022, Pennymore Cottage, Furnace, Inveraray, Argyll PA32 8XN previously sold for £246,00 in 2022 *
- Once fully renovated, the property could command a rental income of £1000- £1,100 PCM / £12,000 - £13,200 PA, which could provide an outstanding gross yield of 29% based on guide price of £45,00
- Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project and excellent BRRR opportunity.
- Property is located near a whole host of local amenities including shops, eateries cafes and medical centre, close to schools with public transport easily accessible nearby.
Prime Property Auctions is pleased to present this excellent refurb opportunity in the picturesque town of Furnace - * Guide Price £45,000 *
* Lilydale, Furnace, Inveraray, Argyll PA32 8XN previously £165,000 in 2022, Pennymore Cottage, Furnace, Inveraray, Argyll PA32 8XN previously sold for £246,00 in 2022 *
Once fully renovated, for buy to let investment the property could command a rental income of £1000- £1,100 PCM / £12,000 - £13,200 PA, which could provide an outstanding gross yield of 29% based on guide price of £45,000. Should the new onwer decide to run as a Serviced accomodation/Airbnb it would attract a nightly rate of £200 - £250. Based on a 70% occupancy rate this would give a monthly income of £4,200 - £5,250 which would provide an tremendous yield. Potential for all money out within one year.
Property requires full renovation prior to habitation. Sure to appeal to shrewd builders/investors/developers looking for a rare project and excellent BRRR opportunity.
Property is located near a whole host of local amenities including shops, eateries cafes and medical centre, close to schools with public transport easily accessible nearby.
Property Comprises: Hallway Entrance, 2 Bedroom, 2 Bathroom, Kitchen, Utility room, Living Room, Garden on the river and ample storage space. Needs Full Renovation.
Hugely discounted refurb opportunity and potentially high yielding investment. Ideal for an investor seeking to execute BRRR strategy.
Potential to be used as Airbnb after renovation for a property in a picturesque rural town situated on a stunning riverbank
The local areas have seen some great sales recently showing that there is strong demand. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.
This lot is open to immediate offers and offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Furnace is located on the A83 which connects Inveraray, Lochgilphead and the Kintyre peninsula. Furnace has a very active local shop/post office, a weekend bar in the Village Hall run by the community on Fridays, Saturdays and Sundays, with meals served in the Village hall most Fridays together with a range of social activities. Inveraray (8 miles to the north-east) and Lochgilphead (16 miles to the south-west) provide an excellent range of further local amenities, shops and professional services. The district is well served by both primary and secondary education,and is also served by a bus service offering daily direct connections to Glasgow, Glasgow Airport and to Campbeltown on the Mull of Kintyre; and daily to Oban via Inveraray or Lochgilphead.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 208016492. 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 Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 25, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.