Lot 194 - 3/R, 3 Malcolm Street, Dundee, Angus, DD4 6SF

  • Unconditional Online Auction Sale
  • Guide Price* : £23,000

We are delighted to offer to auction this exciting refurb opportunity in the popular Stobswell area of Dundee, approximately 1.5 miles to the north of Dundee city centre.

Description

• This property is being sold by auction, terms and conditions apply
• Exciting refurbishment project
• Great added value opportunity
• Fantastic 34% discount against Home Report
• Strong potential rental yield
• Ideal buy-to-let or starter flat
• Convenient central Dundee location

We are delighted to offer to auction this exciting refurb opportunity in the popular Stobswell area of Dundee, approximately 1.5 miles to the north of Dundee city centre.

The property is situated on the top (third) floor of a traditional tenement block, with accommodation comprising spacious front facing lounge, one double bedroom, kitchen and internal bathroom. The property also benefits from hall storage cupboard, shared garden area to rear and street parking.

The property requires a full programme of refurbishment throughout, offering an outstanding opportunity to add substantial value to this very keenly priced property. A discount of 34% against Home Report valuation and the opportunity to add significant value, is sure to attract strong levels of interest from rental investors as well as first time buyers. Early viewing is strongly recommended as this one will move quickly.

ROOM SIZES

Lounge : 4.3m x 4.2m

Kitchen : 2.30m x 1.80m

Bedroom : 3.55m x 2.75m

Bathroom : 1.35m x 2.75m

PLEASE NOTE: As per the T&C's, an Auction Fee and 10% Deposit is due to be paid when your bid is successful.

Tenure

Freehold

Location

The city of Dundee is the fourth largest city in Scotland and is a thriving metropolis sitting on the north bank of the River Tay. Diversity is the norm in Dundee, with an eclectic mix of culture, education, history, shopping and night life. The city is growing and developing, with the waterfront undergoing massive development. Amenities are plentiful, including excellent road and rail links, primary, secondary and higher education facilities, both high street and city centre shopping as well as many eateries, theatres, social clubs and cultural events.

Accommodation

Lounge, Kitchen, Bedroom, Bathroom

Outside

Shared garden to rear

Local Authority
Dundee City Council

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Bidding not yet open
Minimum Opening Bid

£23,000


Bidding Opens On
22nd Oct 2021 10:00
Scheduled End Date

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Local Authority

Dundee City Council

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