Lime Road, Cumnock, Ayrshire
OA

Lime Road, Cumnock, Ayrshire

By Oakhouse Premier Sales & Lets

£ 30,000

Reviews

1 out of 5 stars

Oakhouse Premier Sales & Lets says ..

**Ideal Investment Opportunity** Don't miss out on this ideal investment opportunity in New Cumnock! This former shop unit has planning permission to be converted into a one-bedroom detached bungalow, making it the perfect project for someone with renovation experience.

Property Oracle says ..

This property in Cumnock, Ayrshire, presents itself as a significant renovation project. Listed at £30,000, it is a one-bedroom, one-bathroom bungalow with a small plot of land. The provided photographs clearly show a property in substantial disrepair, with boarded-up windows indicating considerable damage or neglect. The floor plan reveals a compact layout. The rural location offers proximity to New Cumnock’s railway station, suggesting access to public transportation, although information on other local amenities and schools is limited. While the price might seem initially attractive, potential buyers must factor in significant costs associated with the extensive renovation required to make the property habitable. The property’s condition, combined with its remote location, makes it a high-risk, high-reward investment opportunity suited to buyers with experience in property renovation and a willingness to undertake a substantial project. Further investigation into the planning permission status and structural integrity would be vital before making any purchase decision. The lack of detailed information on the local market makes it difficult to definitively assess whether the asking price is truly reflective of the property’s inherent value and potential.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
2
Location
3
Land
2
Bedrooms
1
Bathrooms
1
Sqft (est)
473.50

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
317,330.00 £
Decreased by 9.75 %
from 351,619.00 £
Est sale value
202,184.50 £
Increased by 25.96 %
from 160,516.50 £
Average area rental value
1,425.00 £/mo
Increased by 27.12 %
from 1,121.00 £/mo
Est letting value
473.50 £/mo
Unchanged by 0.00 %
from 473.50 £/mo
Est rental Yield
5.39 %
Increased by 40.73 %
from 3.83 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Oakhouse Premier Sales & Lets marked this listing as sold.

  • Oakhouse Premier Sales & Lets created the listing.

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Lime Road £ 000.00 KM
Westpark Drive £ 000.00 KM
Connel View £ 74,99500.00 KM
Glebe Street £ 000.00 KM
Mansfield Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
New Cumnock9533NCK1.57 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lime Road, New Cumnock, Cumnock, Ayrshire, KA18 4JE £ 135,000BUY7 / 100.23 KM
Lime Road, New Cumnock, KA18 4 £ 39,995BUY6 / 100.23 KM
Nithsdale Avenue, New Cumnock £ 109,995BUY6 / 100.44 KM
Lanehead Terrace, New Cumnock £ 65,000BUY6 / 100.56 KM
Nithsdale Avenue, KA18 £ 115,000BUY6 / 100.57 KM