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See how verdicts work1-bedroom flat · KA21 5LP
For saleReduced £5k (−12.8%) on 22 OctListed 39 days
Opportunity summary
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About
Vacant 1 Bedroom, ground floor property for sale in the popular seaside town of Saltcoats on the beautiful Ayrshire coast.
Looking for a project where the major groundwork has already been taken care of?
A Part-Completed Renovation with the Hard Work Already Underway 41A Springvale Street offers an exciting opportunity to acquire a generously proportioned one-bedroom flat of approximately 40 sq m, which has been substantially stripped back and prepared for its next chapter.
The current owner has undertaken a significant programme of works, taking the property back to a blank canvas and creating an open-plan kitchen/living space by removing the previous dividing wall.
Renovation Works Already Completed Include: Complete rewire, with certificates available New entrance door and lock Updated bathroom plumbing Brand-new toilet and basin Previous kitchen wall removed to create an open-plan kitchen/living area Walls stripped back, filled, sealed and primed New subfloor being installed, ready for the planned lvt flooring New electrical fittings provided for the future kitchen layout The property is therefore at an exciting stage - the substantial preparation has been undertaken, leaving the new owner with the opportunity to add their own style and personality.
The kitchen itself will not be installed by the seller, giving the purchaser the freedom to choose their preferred units, appliances, finishes and layout.
A proposed arrangement for the kitchen fittings and appliances is available to help visualise the finished space.
To the rear is a shared communal garden, offering a surprisingly generous area for the four flats.
While the garden would benefit from some attention, there is plenty of scope for improvement and the potential to create an attractive shared outdoor space.
The deeds also refer to a communal toilet serving the ground-floor flats. The toilet is no longer present and the space beneath the stairs is currently used as a store.
This area requires some tlc but could potentially provide useful communal storage, such as a bike store, subject to any necessary consents and agreement between the relevant parties.
A Blank Canvas Ready for Its Finishing Touches With the major preparation and electrical works already undertaken, this could be an ideal opportunity for a buyer looking to complete a renovation without starting entirely from scratch.
Whether you're looking for a first home, investment property or renovation project, 41A Springvale Street offers the chance to take a substantially prepared flat and put your own stamp on the finished result.
Approximately 40 sq m | 1 Bedroom | Open-Plan Kitchen/Living | Substantially Rewired | Renovation Works Underway | Shared Rear Garden The hard work has started - now it's time to add the personality.
Previous sales of similar flats in this street notably number 37c and 22 sold for £50,000 and £76,000 respectively. Council Tax band A.
Saltcoats is a popular coastal town in North Ayrshire, forming part of the Three Towns alongside Ardrossan and Stevenston.
Situated on the Firth of Clyde, the area offers a mix of seaside living, local amenities and easy access to the wider Ayrshire coastline.
Saltcoats has its own beach and promenade, while the surrounding area provides plenty of opportunities for walking, cycling and enjoying the outdoors.
The wider North Ayrshire area is well known for its coastline, beaches, outdoor pursuits and attractions, with the likes of Ardrossan, Irvine, Largs and the Isle of Arran all within the broader area.
For day-to-day needs, Saltcoats and neighbouring towns provide a range of shops, leisure facilities, cafés and other amenities, while the area's coastal setting makes it an appealing option for those looking for a home with easy access to the seaside and countryside.
Saltcoats provides quick and easy access to the larger towns of Irvine, Kilmarnock and Ayr with Glasgow Prestwick International Airport within 25 minutes.
Saltcoats has a mainline train station with access to Glasgow City Centre in approximately 40 minutes- making it a popular base for commuters.
Perfect investment property offering a realistic potential rental income of up to £450 per month (£5,400 per year) in high demand rental location close to the town centre, beach and local attractions.
This lot will be sold under auction terms and conditions by Braveheart Auctions. Speak to one of our dedicated team today for more information or visit our website.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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