- Three Bedroom traditional first floor flat within the centre of Catrine in Ayrshire. Currently tenanted at £325 per month - Rent paid direct to landlord from East Ayrshire Council. +
- UPPER FLAT situated within the popular pocket of Catrine. COMPRISES: Hallway, lounge, three beds, kitchen and bathroom. Currently tenanted (as per pictures January 2025). SOLD WITH TENANT IN PLACE. +
- LOCAL SALE: 7 Bridge Lane, Catrine, Mauchline, KA5 6RR sold for £50,500 (March 2024). 7a Bridge Lane, Catrine, Mauchline, KA5 6RR sold for £47,000 (September 2022). +
- Communal areas include drying area and shared access to other flats via deck access and communal stairwell. NEW TO MARKET at affordable price. Rental potential circa £500 per month - £6,000 per annum. +
- Property will be sold with fully vetted tenant in place paying £3,900 per annum (£325 pcm) giving excellent return on investment. PERFECT PORTFOLIO ADDITION in popular rental spot next to River Ayr. +
SALE BY AUCTION - 12 June 2025 - Timed Online Auction
Three Bedroom traditional first floor flat within the centre of Catrine in Ayrshire. Currently tenanted at £325 per month - Rent paid direct to landlord from East Ayrshire Council. House prices in Bridge Lane have an overall average of £50,500 over the last year. Overall, the historical sold prices in Bridge Lane over the last year were 69% down on the 2013 peak of £164,000. Buy-to-Let Opportunity Close Proximity to Valuable Amenities The property currently produces an annual gross income of £3,900 which could be increased by the new owner to a market rate of £4,800 (£400 per month). Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio. The current tenant has lived in the property for several years and has consistently paid their rent (direct from local housing authority direct to landlord) for the duration of their stay. This property is being sold in its present condition and no warranty will be given to any purchaser with regard to the existence or condition of the services or any heating or other system within the property. Any intending purchasers will require to accept the position as it exists since no testing of any services or systems can be allowed. No moveable items will be included in the sale. The village of Catrine offers a range of amenities including general stores, nursery and primary schooling. Secondary schooling is available at the multi educational centre of Barony Campus at Cumnock whilst rail links are located in the neighbouring village of Auchinleck.
The property is ideally located out with the main centre of the town but has local shops to provide the necessary day to day requirements and Kilmarnock town centre also offers a good range of high street shops, supermarkets, including retail parks, cinema and leisure centre and all professional facilities. The Village of Catrine is located around 5 miles from the major town of Mauchline and around 3.5 miles from Auchinleck where you'll be able to find a train station. Catrine also benefits from great transport links such as the A76 which will connect you to Glasgow in less than an hour.
Auction Details
12 June 2025, 10am-3pm
Timed Online Auction
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