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Description

  • Status: Available
  • Type: House
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 3
  • Council Tax: Search

RICS HOME REPORT VALUE £100,000*** Three Bed semi detached house in Kennoway, Leven. Potentially HIGH YIELD INVESTMENT . Realistic rent in this area of up to £1,200 pcm giving £14.400 annual income.

PROPERTY CONSISTS:- Ground Floor - Hallway, Living room, Kitchen Diner, w.c. 1st Floor - 3 double bedrooms, shower room with W.C. Further benefits from private car parking, front & large rear garden.

EXCELLENT LOCAL SALES EVIDENCE:- 47, Wellshot Crescent sold for £125,000 February 2022; 87, Myreside Avenue sold for£173,000 July 2024; 4, Wellshot Road sold for £156,000 April 2024. EPC - D

Property would make an shrewd buy to let investment or family home. Realistic rent in this area of up to £950pcm giving £11,400 annual income. This would give an EXCELLENT YIELD OF16% at guide.

Kennoway is a village in Fife, Scotland, near the larger population centres in the area of Leven and Methil. It is about three miles inland from the Firth of Forth.

***RICS HOME REPORT VALUE OF £100,000*** 3 bed semi detached house in Kennoway, Leven. Potentially HIGH YIELD INVESTMENT . Realistic rent in this area of up to £1200pcm giving £14,400 annual income. Property consists:- Ground Floor - Hallway, Living room, Kitchen Diner, w.c. 1st Floor - 3 double bedrooms, shower room with W.C. Further benefits from private car parking, front & large rear garden. EXCELLENT LOCAL SALES EVIDENCE:- 47, Wellshot Crescent sold for £125,000 February 2022; 87, Myreside Avenue sold for£173,000 July 2024; 4, Wellshot Road sold for £156,000 April 2024. EPC - D Property would make and shrewd buy to let investment or family home. Realistic rent in this area of up to £1,200pcm giving £14,400 annual income. This would give an EXCELLENT YIELD OF 16% if achieved for the guide price.

Kennoway provides excellent local amenities and the near by town of Leven is approximately 2 miles distant where a range of shops and specialist stores can be found. Leven has two golf courses, a beautiful sandy beach and a modern swimming pool with leisure centre. This development is well placed for access to both Kirkcaldy and Glenrothes where a wide range of major shops, supermarkets and specialist stores can be found. The property is situated approximately 5 miles to Glenrothes with easy access via a number of trunk roads to include the A911 and A915. Edinburgh is approximately 40 minutes away, with Dundee 40 minutes drive.

Full Address: 56 Wellshot Crescent, Kennoway, Leven, KY8  5EQ

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Pricing Information & Bidding

Opening Bid: £85,000

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: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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