Terraced bungalow for sale in Taigh An Uillt, Inveraray PA32

Prime Property Auctions is pleased to present this excellent refurb opportunity in the picturesque town of Furnace - *** Guide Price £45,000 ***

*** Lilydale, Furnace, Inveraray, Argyll PA32 8XN previously £165,000 in 2022, Pennymore Cottage, Furnace, Inveraray, Argyll PA32 8XN previously sold for £246,00 in 2022 ***

Once fully renovated, for buy to let investment the property could command a rental income of £1000- £1,100 pcm / £12,000 - £13,200 pa, which could provide an outstanding gross yield of 29% based on guide price of £45,000. Should the new onwer decide to run as a Serviced accomodation/Airbnb it would attract a nightly rate of £200 - £250. Based on a 70% occupancy rate this would give a monthly income of £4,200 - £5,250 which would provide an tremendous yield. Potential for all money out within one year.

Property requires full renovation prior to habitation. Sure to appeal to shrewd builders/investors/developers looking for a rare project and excellent brrr opportunity.

Property is located near a whole host of local amenities including shops, eateries cafes and medical centre, close to schools with public transport easily accessible nearby.

Property Comprises: Hallway Entrance, 2 Bedroom, 2 Bathroom, Kitchen, Utility room, Living Room, Garden on the river and ample storage space. Needs Full Renovation.

Hugely discounted refurb opportunity and potentially high yielding investment. Ideal for an investor seeking to execute brrr strategy.

Potential to be used as Airbnb after renovation for a property in a picturesque rural town situated on a stunning riverbank

The local areas have seen some great sales recently showing that there is strong demand. Should you wish to offer now, you can do so via our “Offer now” button on our website.

This lot is open to immediate offers and offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Furnace is located on the A83 which connects Inveraray, Lochgilphead and the Kintyre peninsula. Furnace has a very active local shop/post office, a weekend bar in the Village Hall run by the community on Fridays, Saturdays and Sundays, with meals served in the Village hall most Fridays together with a range of social activities. Inveraray (8 miles to the north-east) and Lochgilphead (16 miles to the south-west) provide an excellent range of further local amenities, shops and professional services. The district is well served by both primary and secondary education, and is also served by a bus service offering daily direct connections to Glasgow, Glasgow Airport and to Campbeltown on the Mull of Kintyre; and daily to Oban via Inveraray or Lochgilphead.