Spacious Rental Property for Auction Cumnock KA18

A tenanted spacious four bedroom semi-detached property. The current tenant has been in situ for more than five years, and the current rental of £695 per calendar month equates to instant rental yield of 9% if purchased at the guide price. A rent increase letter has been served to lift the monthly rental to £750 per calendar month from July 25th. The competitive guide price offers outstanding 27% equity against the home report valuation of £130,000, with the potential to increase value through upgrade. This is an ideal addition to a residential rental portfolio, but could equally be the perfect first buy to let investment.