0141 674 1833

Chamberlain Street St Andrews KY16

2 bedroom Flat in St Andrews

Sold
Offers Over £220,000
Current Yield 6 %
Potential Yield 6.5 %
Property Reference: 191533720
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 76 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • St Andrews Town Centre Location
  • Modern Kitchen
  • Four Piece Bathroom
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This property is a 2 bedroom flat located in the St Andrews Town Centre. It has a long term tenant currently situated and has been kept in good condition.

Considering the returns that are possible, this property would be a reliable long term investment for an investor.

This well-kept home is neutrally decorated throughout and features 2 bedrooms, a four piece bathroom, a spacious lounge, and a kitchen.

Investment details

The property currently produces an annual gross income of £14,400 which could be increased by the new owner to a market rate of £15,600 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Location

The property is located within a family friendly neighbourhood located just outside the St Andrews Town Centre, which can be accessed within a few minutes walk.

Within the town centre you will find countless amenities that the tenants can take advantage - supermarkets, convenience and retail stores, restaurants, bars, local service businesses and leisure facilities are all available here.

The A915 Main Road also runs by the property which allows for easy travel to surrounding areas.

Living Space/lounge

The lounge makes for a fantastic living area with lots of space for furniture and family gatherings.

Kitchen

The kitchen has modern fittings, is a good size and has been kept in good condition by the tenants.

Bathroom

The bathroom is also in good condition and consists of a wash basin, W.C., walk-in shower and bath tub.

Bedrooms

The bedrooms are a good size with enough room for double sized beds, bedroom furniture and storage cabinets.

Exterior

External to the property you will find an on street parking space..

Let Property are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is fully refundable in the event of non-completion at no fault of your own.

Helpful Information

Council Tax Band: B
Property Reference: 191533720

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £1200
  • Potential Rent pcm: £1300
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years +
  • Tenants means of funding: Employment
Property Reference: 191533720
Property Reference: 191533720

Property Location

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Request DetailsChamberlain Street St Andrews KY16

Offers Over £220,000

Make an offer
Chamberlain Street St Andrews KY16

Listing Price

Offers Over £220,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.