Uninhabitable flat described as 'great refurbishment project' on sale at £10k08/30/2022
A one-bedroom flat is due up for auction with a bargain guide price of £10,000 – but it needs a lot of work to become a liveable home.
The uninhabitable property, in Kilmarnock, East Ayrshire, is deemed to be a ‘great refurbishment project’, with pictures showing the scale of works needed.
Holes in the floorboards and ceilings can be spotted in the listing photos, while debris and detritus are strewn around the apartment.
The ground floor flat at 3 Dick Road is currently listed as the cheapest property for sale in the town, close to the M77 motorway and the many amenities of the Central Scotland town.
In need of full refurbishment throughout, the flat’s original layout comprises an entrance hallway, living room, galley kitchen and bathroom.
The selling agents said: ‘It may not appeal to everyone, however with a price starting at just £10,000 it’s a hard deal for any property developer to turn down.’
Due to go under the hammer this Friday, the low price point has already proven to be a draw for buyers.
Mandi Cooper, Managing Director of Auction House Scotland said: ‘With a guide price of £10,000, this property has already been attracting a lot of attention ahead of our September auction.
‘Although currently uninhabitable, it would make for a great refurbishment project and offers a potential buyer an exciting opportunity to add value.
‘Once completed, the flat could be used as a buy-to-let property with a potential annual rental income of £4,189 (at Local Housing Allowance rates).’
According to Rightmove, the average sale price on this road is £32,998, so a new DIY-savvy owner could definitely add value – especially since Kilmarnock’s overall average sits at £138,878.
This ground-floor flat may not look like a home just yet, but its overgrown garden and large rooms show vast amounts of potential for the right person.
Just outside Kilmarnock centre, its location is also convenient for commuting into Glasgow or simple enjoying the area’s wide range of bars, restaurants, shops, and amenities.
Think it could be the fixer-upper for you?
The property will be going under the hammer at Auction House Scotland’s in-room auction taking place at 2pm on Friday September 2 at the Radisson RED hotel, 25 Tunnel Street, Glasgow.
View the listing and enquire for more information here.
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