MacKenzie Way says ..

Property Oracle says ..

This listing is for a portfolio of four one-bedroom flats located at 45a-45d New Street, Stevenston. The property is described as being in a traditional sandstone building and is currently tenanted, generating a rental income of £1545 per month or £18,540 per year. The images reveal that the flats have recently undergone renovations or refurbishment; the interior is generally well-maintained and features fresh paint and new carpets, suggesting this property is move-in ready, but could benefit from some further upgrades. The location in Stevenston offers proximity to a railway station, providing convenient access to Glasgow, but details regarding nearby schools and shops are absent. The absence of information about plot size and square footage of the individual flats hinders a complete assessment of value. The price of £165,000 reflects an investment opportunity, considering the income potential of the tenants. However, a detailed property survey to assess the condition of the building structure and potential maintenance costs is highly recommended for any potential buyer. The availability of comparable property data is limited, making a comprehensive market analysis challenging. A precise price per square foot analysis is therefore not possible. Overall, this property represents a reasonable investment opportunity for buyers interested in rental income, however, the lack of additional data necessitates further due diligence.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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