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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 2
  • Council Tax: Search

**AMAZING DEVELOPMENT OPPORTUNITY**Two bedroom basement flat in need of full and comprehensive renovation. Close to Leven town centre - great rental prospect post works at £6000 per annum.

Internal accommodation unsafe to enter - property is mooted as two bed plus lounge/kitchen and bathroom. Agents cannot verify full details - bidder will accept responsibility for condition/size.

FULL REFURBISHMENT REQUIRED - double glazed units fitted, panels smashed.side access from commercial units at 536 Wellesley Road. Close to amenities. RENTAL YIELD 24% of guide price.

The Fife area is a popular location for commuters to Edinburgh. From Leven the A915/A92 provides access to the national motorway network and the M90, which leads directly to Edinburgh.

**COMPARABLE SALES**2 bed currently marketed Wellesley Road, at £50,000**2 bed Wellesley Road, sold £54,000**3 Bed sold Wellesley Road, £79,950**1 Bed sold Wellesley Road, £44,450**

**AMAZING DEVELOPMENT OPPORTUNITY**One bedroom basement flat in need of full and comprehensive renovation. Close to Leven town centre - great rental prospect post works. Internal accommodation unsafe to enter - property is mooted as one bed plus lounge/kitchen and bathroom. Agents cannot verify full details - bidder will accept responsibility for condition. FULL REFURBISHMENT REQUIRED - double glazed units fitted, panels smashed.side access from commercial units at 536 Wellesley Road. Close to amenities. **COMPARABLE SALES**2 bed currently marketed Wellesley Road, at £50,000**2 bed Wellesley Road, sold £54,000**3 Bed sold Wellesley Road, £79,950**1 Bed sold Wellesley Road, £44,450**

Leven is a thriving seaside town on the east coast of Fife only 14 miles from St Andrews. Located in East Fife, Leven is also 37 miles from Edinburgh. It is the dominant town providing the principal retail provision for the Levenmouth area, which encapsulates the towns of Leven, Methil and Buckhaven. The Fife area is a popular location for commuters to Edinburgh. From Leven the A915/A92 provides access to the national motorway network and the M90, which leads directly to Edinburgh. Leven is recognised as a popular short-term rental AirBNB location with high tourist influx during the high season. The area features access to some of the world's most famous golfing locations. The town is located between the picturesque fishing villages of the East Neuk and the main towns of Kirkcaldy and Glenrothes. The town centre has good shopping facilities and a busy pedestrianised thoroughfare. These are well served by parking facilities which are within easy walking distance of the town centre. It’s a popular holiday destination with a pleasant promenade and beach. Local attractions include an excellent swimming pool and leisure complex and a variety of golf courses. The woodland valley of Letham Glen and Silverburn Park offer attractive landscaped picnic and recreational areas, perfect for relaxing and enjoying the great outdoors.

Full Address: 530 Wellesley Road, Leven, KY8 3PE

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Pricing Information & Bidding

Opening Bid: £25,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 17 October 2024, 10am-3pm
Type: Timed Online Auction

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