Prime Property Auctions (Scotland) Ltd says ..

Property Oracle says ..

This two-bedroom flat, located in Newton Stewart, Dumfries and Galloway, is listed at £55,000 and is presented as a turn-key investment opportunity. The property is part of a converted building, as seen in the exterior photographs, and offers a modern interior. Images show a renovated kitchen and bathroom, fitted with modern appliances. The living space is open-plan and incorporates the main bedroom area, and a separate second bedroom is also included. There is no access to a garden. The property’s current rental income, reported as £550 per calendar month, equates to a gross yield of 12% based on the asking price. This rental income information contributes to the property’s value proposition. This data however needs to be examined more thoroughly, as this may not always be a reliable income figure. The lack of property specific data (such as Square Footage and plot size) however, makes a complete analysis challenging. More information on the local market, including comparable sales data, as well as access to amenities would be needed to fully assess the property’s value and attractiveness. Prospective buyers and investors should conduct thorough due diligence before committing to a purchase. This includes verifying rental income figures and assessing the potential risks associated with a buy-to-let investment, especially in a region where local market data was scarce.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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