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Scots flat being sold for £14k the same as a deposit for one-bed property in London

Daily Record logoDaily Record 3 days ago Sarah Ward & Paul T Smith

A one-bedroom flat in liveable condition is being sold for just £14,000 - less than the cost of a deposit for a one-bed flat in London.

The small flat in Falkirk has long-term tenants and amenities such as central heating and a communal garden.

It is up for auction for the same amount as a deposit for a one-bed flat in London.

a living room filled with furniture and a tv: Sitting room area © SWNS Sitting room area

A deposit for a one-bed flat in Purley Way, Croydon, South London, could be as much as £14,750 with a mortgage of £162,250.

The modest flat, 24 Birnam Place, Ladysmill, Falkirk, is described as an "investment opportunity", and has a bedroom, front room, kitchen and bathroom.

Tenants have lived there since 2018 and it was valued at £35,000.

a room filled with furniture and a tv: The bedroom © SWNS The bedroom

It is being sold on Friday April, 9, by Future Property Auctions and has already attracted bidders.

Auctioneers suggested it was ideal for buy-to-let landlords.

General manager John Morris said: "The property is offered at a very attractive price. We have already received several bids to buy it before it goes to the auction.

"The property will be sold to the highest bidder on at the auction on Friday the 9th of April. The property is attractively priced and has a home report of £35,000 so is being offered over 50 per cent below its true value.

"With a long term tenant in the property it is an easy affordable investment that is sure to do the buyer well."


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