Morar Place, Irvine, KA12 9PX

3 bedroom Terraced House in Irvine

Sold STC
Offers Over £68,000
Current Yield 7.9 %
Potential Yield 9.3 %
Property Reference: 179410348
  • Terraced House
  • 3 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 93 m2

Property Features

Property Features

  • Great Condition
  • Large Bedrooms
  • Spacious Lounge
  • Dining Space
  • Front & Rear Garden
  • Long Term Tenant Currently Situated
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This mid terrace house has 3 bedrooms, fantastic front & rear garden space, a long term tenant currently situated that would like to remain in the property and is found within a desirable family location in Irvine.

This well-kept home is in great condition and features gas-fired central heating, 3 bedrooms, a 3 piece bathroom, a spacious lounge & kitchen, and front & rear gardens.

The property currently produces an annual gross income of £5,640 which could be increased by the new owner to a market rate of £6,900 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.

The current tenant has lived in the property for several years and has 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.

With convenient main road links into Irvine Town Centre, the property is surrounded by countless valuable amenities like Primary, Secondary & Nursery Schools, supermarkets, convenience stores, bars & restaurants and leisure facilities such as gyms, golf clubs and parkland areas.

It also has easy access to the Irvine Train Station and with the A78 main road running adjacent to the property, travel to other nearby towns and cities is direct and convenient.

Filled with an abundance of natural daylight thanks to the large front window, the lounge makes for an ample living area with lots of space for furniture and family gatherings. It has a hardwood floor and is in immaculate condition.

The property has a kitchen in perfectly rentable condition that is very spacious, provides doorway access to the rear garden and has a dining area across from it.

The 3 piece bathroom is found on the 1st floor of the property and consists of a wash basin & W.C. and bathtub with overhead shower attachment.

All 3 bedrooms are large in size with enough room for king sized beds, bedroom furniture and storage cupboards. All are in great condition and have their own built-in storage cabinets.

Garden space is found to the front and rear of the property.

Let Property Sales 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 refunded in the event of non completion.

Helpful Information

Property Reference: 179410348

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: 470
  • Potential Rent pcm: 500
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years+
  • Tenants means of funding: Local Authority Funded
Property Reference: 179410348
Property Reference: 179410348

Property Location

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Request DetailsMorar Place, Irvine, KA12 9PX

Offers Over £68,000

Make an offer
Morar Place, Irvine, KA12 9PX

Listing Price

Offers Over £68,000

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.