Four bedroom semi-detached house

Enjoy rental income from day one with this tenanted spacious four bedroom semi-detached property in the North Ayrshire village of New Cumnock. The accommodation is over two levels and offers, on the ground floor, entrance vestibule opening to a spacious front facing lounge/dining room with stairs to the upper floor, a generous dining kitchen, utility room and WC. The upper floor offers four bedrooms and a modern bathroom with a three piece suite and a separate shower cubicle. Further features include double glazing, gas central heating and garden areas to front and rear. The current tenant has been in situ for more than five years, and the current rental of £695 per calendar month equates to instant rental yield of 9% if purchased at the guide price, with potential to increase rental income further in line with current legislation. The competitive guide price offers outstanding 27% equity against the home report valuation of £130,000, with the potential to increase value through upgrade. This is an ideal addition to a residential rental portfolio, but could equally be the perfect first buy to let investment. Early viewing is essential to appreciate the outstanding value on offer. Council Tax Band: C.

Tenure

Freehold

Area

The village has ample provision of a range of amenities including nursery & primary schools, churches and recreational facilities and train station offering transportation to all major towns and cities including a main line railway link to Glasgow City Centre. The neighbouring town of Cumnock offers a shopping centre, more leisure facilities and further amenities. New Cumnock is situated on the A76 approximately 20 miles from Kilmarnock. The popular town of Ayr and Prestwick Airport are also a comfortable commute.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

East Ayrshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.