6 Store Lane, Rothesay, Isle of Bute, Buteshire, PA20 9AA

Description

A well-positioned three-bedroom residential property situated in the heart of Rothesay on the Isle of Bute. The property is vacant and offers an opportunity for owner-occupiers, buy-to-let investors or purchasers seeking a property with scope for improvement and personalisation. The property would benefit from some modernisation.

Accommodation

Three bedrooms, reception/living area, kitchen and family bathroom. The kitchen is described as equipped with essential appliances and storage.

Location

Located on Store Lane in the heart of Rothesay, close to town-centre shops, cafés, restaurants, supermarkets, everyday services, the waterfront, harbour and promenade. Rothesay is on the Isle of Bute, with ferry services to the mainland and nearby beaches, parks and walking trails.

Tenure / Property Information

Investment Analysis

The £60,000 guide is the only supplied price evidence. No completed-sale comparables or other valuation evidence are provided, so GDV and scenario values cannot be established. The property is described as requiring some modernisation, but no quantified works scope or cost is available.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let at the guide price only, subject to confirming the legal pack, buyer premium, total acquisition costs, condition and achievable rent. Do not rely on a flip or BRRR strategy without supported GDV and works figures.

Works Required

Modernise and personalise the property in line with the stated condition, including review of the kitchen, bathroom and general finishes. The evidence does not support specifying particular defects or a costed scope.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, refurbishment budget or refinance valuation. The indicative rent and guide-price yield are potentially attractive, but the unknown buyer premium, additional charges and modernisation costs prevent reliable equity and cash-left-in calculations.

Buy-to-Let Analysis

At the £60,000 guide, the auctioneer's estimated rent of £500 per month implies a 10.0% gross yield before works, buyer premium, other fees, finance, maintenance, voids and management. This is an auctioneer estimate based on rent paid by the previous tenant, not an achieved or independently supported market rent. BTL viability therefore requires confirmation of condition, costs and achievable rent.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale comparables, GDV or supported works allowance are provided. The property is described as needing some modernisation, so resale economics require a full inspection, legal-pack review and evidence-based valuation.

Investor Risks & Due Diligence

• Buyer Premium amount is not supplied and additional fees may apply.

• The scope and cost of the stated modernisation are unknown.

• The £500 per month rent is an auctioneer estimate based on the previous tenant's rent, not an achieved or independently evidenced market rent.

• No completed-sale comparables or GDV evidence are supplied.

• Tenure, EPC, council tax, parking and heating details are not supplied and require legal-pack or property verification.

Recommendation

Potential buy-to-let at the guide price only, subject to confirming the legal pack, buyer premium, total acquisition costs, condition and achievable rent. Do not rely on a flip or BRRR strategy without supported GDV and works figures.

Strategy Rating

Analysis Confidence

The guide price, vacant possession, accommodation and an auctioneer rent estimate are supplied, but there are no completed-sale comparables, external rental comparables, EPC, council tax, tenure details, quantified works, buyer premium or other fee amounts.