2 Bed Flat, Single Let, Prestwick, KA9 2LN, £85,000

23 Shaw Road, Prestwick, KA9 2LN - 2 views - 4 months ago

Auction
BTL
ROI: 9%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£33K - £255.7K

 

 

Square Metres

~68.11 m²

Value Estimate

£60,875

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£595 - £795

Rent Estimate

£600

Running Costs/mo

£406

Cashflow/mo

£194

Cashflow/yr

£2,333

ROI

9%

Gross Yield

8%

Local Sold Prices

46 sold prices from £33K to £255.7K, average is £128K.

PriceDateDistanceAddressBeds 
£130K04/240.07 mi59, Newdykes Road, Prestwick, Ayrshire KA9 1HA2
£95K11/210.07 mi81, Berelands Road, Prestwick, Ayrshire KA9 1ER2
£126K09/210.15 mi5, Shaw Farm Court, Prestwick, Ayr KA9 1BG2
£180K11/210.21 mi2, Berelands Gardens, Prestwick, Ayrshire KA9 2LX2
£97.5K08/210.22 mi21, Marchburn Avenue, Prestwick, Ayrshire KA9 2LL2
£115K02/240.22 mi5, Marchburn Avenue, Prestwick, Ayrshire KA9 2LL2
£126K11/210.24 mi9, Shawfarm Place, Prestwick, Ayrshire KA9 1JQ2
£125K04/240.24 mi25, Shawfarm Place, Prestwick, Ayrshire KA9 1JQ2
£255.7K11/210.25 mi77, Boydfield Avenue, Prestwick, Ayrshire KA9 2JL2
£135K06/240.25 mi2, Briarhill Court, Prestwick, Ayrshire KA9 1HY2
£96.3K09/210.27 mi24, Clune Drive, Prestwick, Ayrshire KA9 1BP2
£130K09/210.28 mi1, Shawfarm Gardens, Prestwick, Ayrshire KA9 2GZ2
£117K03/210.33 mi17, Shawfarm Gardens, Prestwick, Ayrshire KA9 2GZ2
£130K04/240.33 mi20, Shawfarm Gardens, Prestwick, Ayrshire KA9 2GZ2
£110K02/240.37 mi89, Marchburn Avenue, Prestwick, Ayrshire KA9 1BZ2
£190K08/240.39 mi8c, Towans Court, Prestwick, Ayr KA9 2AY2
£175K09/210.39 mi6d, Towans Court, Prestwick, Ayrshire KA9 2AY2
£145K01/210.39 mi2c, Towans Court, Prestwick, Ayrshire KA9 2AY2
£219.8K05/240.39 mi10c, Towans Court, Prestwick, Ayrshire KA9 2AY2
£211K04/240.39 mi8b, Towans Court, Prestwick, Ayrshire KA9 2AY2
£98K01/210.42 mi19, Sanquhar Avenue, Prestwick, Ayr KA9 1DQ2
£155K08/240.42 mi20b, Crofthead Road, Prestwick, Ayr KA9 1HW2
£90K08/240.43 mi6c, Ladykirk Road, Prestwick, Ayr KA9 1JW2
£106.3K09/210.46 mi21, Indale Avenue, Prestwick, Ayrshire KA9 1DE2
£117.5K01/210.47 mi8, Gardiner Street, Prestwick, Ayr KA9 1JY2
£108.5K01/210.47 mi22, Gardiner Street, Prestwick KA9 1JY2
£120.6K02/240.48 mi17b, Main Street, Prestwick, Ayrshire KA9 1AA2
£108K01/210.48 mi29, 9 Coppergate, Main Street, Prestwick, Ayrshire KA9 1AA2
£110K08/210.48 mi29, 11 Coppergate, Main Street, Prestwick, Ayrshire KA9 1AA2
£149K08/240.54 mi75, Kirk Street, Prestwick, Ayr KA9 1AU2
£130K10/210.61 mi77, Kirk Street, Prestwick, Ayrshire KA9 1AU2
£80K08/210.64 mi25, Anderson Crescent, Prestwick, Ayrshire KA9 1EJ2
£82.5K05/210.65 mi33, Anderson Crescent, Prestwick, Ayrshire KA9 1EJ2
£95K09/210.65 mi57, Anderson Crescent, Prestwick, Ayrshire KA9 1EJ2
£95K09/210.65 mi57, Anderson Crescent, Prestwick, Ayrshire KA9 1EJ2
£85K02/210.65 mi51, Anderson Crescent, Prestwick, Ayrshire KA9 1EJ2
£185K07/210.74 mi3a, Allanvale Road, Prestwick, Ayrshire KA9 1QX2
£211.1K04/240.74 mi3a, Allanvale Road, Prestwick, Ayrshire KA9 1QX2
£33K04/210.76 mi20, Hawthorn Gardens, Prestwick, Ayrshire KA9 2BB2
£148K08/210.8 mi9d, Ardayre Road, Prestwick, Ayrshire KA9 1QL2
£211.8K06/210.8 mi20 Ground Floor Flat, Marina Road, Prestwick, Ayrshire KA9 1QZ2
£175K06/210.8 mi9, Marina Road, Prestwick, Ayrshire KA9 1QZ2
£151.5K04/210.88 mi41f, Ayr Road, Prestwick, Ayrshire KA9 1SY2
£225.1K07/210.92 mi7, Coila Avenue, Prestwick, Ayrshire KA9 2BW2
£160K07/210.92 mi11, Grangemuir Court, Prestwick, Ayrshire KA9 1GA2
£168K10/210.92 mi4, Grangemuir Court, Prestwick, Ayrshire KA9 1GA2

Local Rents

10 rents from £595/mo to £795/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£75004/240.33 miShawfarm Gardens, Prestwick, Ayrshire, KA92
£79504/240.33 miShawfarm Gardens, South Ayrshire, Prestwick, KA92
£77505/240.33 miShawfarm Gardens, Prestwick, South Ayrshire, KA92
£70004/240.39 miTowans Court, Prestwick, South Ayrshire, KA92
£69504/240.42 miAlexandra Avenue, Prestwick, South Ayrshire, KA92
£65004/240.42 miCrofthead Road, Prestwick, South Ayrshire, KA92
£72505/240.42 miPowmill Gardens, Prestwick, South Ayrshire, KA92
£67504/240.8 miArdayre Road, Prestwick, Ayrshire, KA92
£60004/241.09 miObree Avenue, Prestwick, South Ayrshire, KA92
£59502/251.15 mi-2

Local Area Statistics

Population in Prestwick

16,167

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental growth (12m)

+40%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Listed for £85,000

November 29, 2024

Floor Plans

Description

  • We are happy to present a Large 2-bedroom tenanted Cottage Flat in a popular buy-to-let location in Shaw Road, Prestwick. HOME REPORT £100,000 +

  • The property currently achieves £600 PCM (7,200 P/A) in rental income. This would produce an amazing 9% Yield based on the Guide price. Turn key investment +

  • ***2, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £140,000, 12a, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £176,000, 19, New Dykes Road, Prestwick, Ayrshire KA9 1HA +

  • Sure to appeal to investors looking for a high-yielding investment that will provide excellent returns from day one. Perfect for a landlord looking for a solid investment vehicle! +

  • Perfect opportunity for someone looking for a solid investment vehicle. It features a contemporary design with significant potential for personal customisation and finishing touches. +

  • We are happy to present a Large 2-bedroom tenanted Cottage Flat in a popular buy-to-let location in Shaw Road, Prestwick. *HOME REPORT £100,000*

  • The property currently achieves £600 PCM (7,200 P/A) in rental income. This would produce an amazing 9% Yield based on the Guide price. *Turn key investment*

  • ***2, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £140,000, 12a, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £176,000, 19, New Dykes Road, Prestwick, Ayrshire KA9 1HA sold for £135,000.

  • Sure to appeal to investors looking for a high-yielding investment that will provide excellent returns from day one. Perfect for a landlord looking for a solid investment vehicle!

  • Perfect opportunity for someone looking for a solid investment vehicle. It features a contemporary design with significant potential for personal customisation and finishing touches. 

We are happy to present a Large 2-bedroom tenanted Cottage Flat in a popular buy-to-let location in Shaw Road, Prestwick. *HOME REPORT £100,000*

The property comprises: Ground Floor: Entrance Hallway. First Floor: Landing, Living Room, two Bedrooms, Shower Room.

The property currently achieves £600 PCM (7,200 P/A) in rental income. This would produce an amazing 9% Yield based on the Guide price. *Turn key investment*

Perfect opportunity for someone looking for a solid investment vehicle. It features a contemporary design with significant potential for personal customisation and finishing touches.

The property is situated on a popular street for buy-to-let landlords.

Local sales:

***2, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £140,000, 12a, Shaw Road, Prestwick, Ayr KA9 2LN previously sold for £176,000, 19, New Dykes Road, Prestwick, Ayrshire KA9 1HA sold for £135,000.

Sure to appeal to investors looking for an already let investment that will provide excellent returns from day one. Perfect for a landlord looking for a high-yielding investment!

The property is located near a whole host of local amenities including many popular coffee shops, bars, and restaurants, with local schools nearby.

Property is sure to appeal to investors looking for a high-yielding investment!

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

This property is 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:

Located on the desirable Shaw Road in Prestwick, this property offers an exceptional opportunity to enjoy coastal living in one of Ayrshire's most sought-after towns. Prestwick is renowned for its stunning beaches, vibrant town centre, and welcoming community.

The area boasts an array of amenities, including boutique shops, cafes, and restaurants, as well as excellent schools and leisure facilities such as Prestwick Golf Club. For commuters, the property benefits from excellent connectivity, with quick access to the A77 and M77, offering seamless links to Ayr, Glasgow, and beyond. Additionally, Prestwick International Airport and the nearby train station provide further travel options, making this location ideal for convenience and lifestyle.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪