Timed Online Auction

21 October 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 260 Methilhaven Road, Methill, Leven, KY8  3HP

***SUPERB INVESTMENT FLAT***2 Bed lower flat in Methil, high demand rental area, recently installed new kitchen. EXCELLENT investment opportunity. ***HIGH YIELD INVESTMENT PROPERTY***

PROPERTTY CONSISTS: entrance from side door, hallway, living room, kitchen, bathroom, bedroom 1, bedroom 2. Rear shared drying area. Further benefits from DG, GCH and ample off road parking

SUPERB INVESTMENT, currently tenanted for 400 pcm, giving an income of 4800 pa, which gives an EXCELLENT YIELD OF 16% if achieved for Guide price. A rental of 450pcm should be possible in this area

EXCELLENT LOCAL SALES EVIDENCE; 255, Methilhaven Road, sold for 128,000 in 2020, 263, Methilhaven Road sold for 149,950 in 2019, 131, Den Walk, sold for 53,50025 in 2021

The property is within easy reach of shopping, schooling and recreational facilities nearby. The coastal town of Methil is situated on the south Fife coast, easily accessible to the A915 main road.

***SUPERB INVESTMENT FLAT***2 Bed lower flat in Methil, high demand rental area, recently installed new kitchen. EXCELLENT investment opportunity. ***HIGH YIELD INVESTMENT PROPERTY*** PROPERTTY CONSISTS: entrance from side door, hallway, living room, kitchen, bathroom, bedroom 1, bedroom 2. Rear shared drying area. Further benefits from DG, GCH and ample off road parking SUPERB INVESTMENT, currently tenanted for 400 pcm, giving an income of 4800 pa, which gives an EXCELLENT YIELD OF 16% if achieved for Guide price. A rental of 450pcm should be possible in this area EXCELLENT LOCAL SALES EVIDENCE; 255, Methilhaven Road, sold for 128,000 in 2020, 263, Methilhaven Road sold for 149,950 in 2019, 131, Den Walk, sold for 53,50025 in 2021

The property is within easy reach of shopping, schooling and recreational facilities nearby. The coastal town of Methil is situated on the south Fife coast, easily accessible to the A915 main road. Situated near the mouth of the River Leven on the Firth of Forth. Settled between Buckhaven and Leven. The Town has shopping, schooling and recreational facilities nearby. The B931 and then the A955 link the village to Kirkcaldy, which in turns links with the A92 to Dunfermline. The nearest rail facility can be found at Markinch (approximately 6 miles). For those that enjoy golf, Fife is renowned for its variety of courses it has to offer. Approximate mileages: Edinburgh 35 miles, Dunfermline 21 miles, Cupar 11 miles, St Andrews 15 miles.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rollng
Rent: 4,800 per year / 400 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £23,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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