50 Merrick Drive, Dalmellington, Ayr, Ayrshire, KA6 7SP
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- INVESTMENT PORTFOLIO FOR SALE 8 x ONE BEDROOM FLATS, MERRICK DRIVE, DALMELLINGTON
- MASSIVE POTENTIAL ANNUAL RENTAL YIELD OF 44% (BASED ON MARKET VALUE RENT AND GUIDE PRICE)
- POPULAR, WELL ESTABLISHED RESIDENTIAL AREA
Description
***We are pleased to present to the market an excellent investment opportunity comprising eight one-bedroom flats, situated within a well-established residential area in Merrick Drive, Dalmellington. This portfolio offers an immediate and stable income stream, making it ideal for investors seeking a high-yield, low-maintenance addition to their portfolio.***
***KEY HIGHLIGHTS***
- 8 x One-Bedroom Flats: Well-proportioned and self-contained units, Each apartment comprises entrance hall, lounge, kitchen, bedroom and bathroom/shower room.
- MASSIVE POTENTIAL ANNUAL YIELD (based on market value rent and guide price) : Huge 44% annual yield based on a market rental rate of £575 per month (£6,900 per annum) for a one bedroom flat in the area, and based on guide price. (£125,000 guide price for the portfolio of 8 bedrooms, total rent per annum of all eight flats potentially £55,200).
- Freehold Title: Both blocks are offered on a freehold basis, simplifying management and reducing ongoing costs.
- Low Management Overheads: Identical unit types and one location make this a highly efficient portfolio to manage.
- Established Residential Location: Positioned in a quiet cul-de-sac with good local amenities and transport links. Close to Ayr and the A713, with access to Galloway Forest Park and surrounding countryside.
***This is an ideal turnkey investment for landlords looking to scale or diversify, or for funds seeking strong performing residential assets in an affordable, high-demand rental area.***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 5 Belston Holdings, Ayr, KA6 5JD - SOLD Feb'25 - £382,000
- Hole Farm, Coylton, KA6 6HJ, 4 bedroom - SOLD Feb'25 - £300,000
- Kyleview, Manse Road, Coylton, KA6 6LD - 3 bedroom - SOLD Feb'25 - £325,000
Dalmellington is a market town and civil parish in East Ayrshire, Scotland. Dalmellington has a population of around 1,400. Local shops, including grocery stores and convenience shops, cater to residents and visitors alike. For a broader range of shopping options, the nearby towns of Ayr and Kilmarnock offer supermarkets, retail outlets, and specialty stores.
Ayr is 15 miles away and is Ayrshire's foremost town and as such offers a good range of high street shops, supermarkets, recreational and professional facilities. In addition, there are a number of well-renowned restaurants and excellent private schooling at Wellington School for children of age 3 to 18. Local Primary and Secondary schools are available nearby.
Local Bus Services
Dalmellington is served by several bus routes connecting it to nearby towns and cities:
Route 52: Connects Dalmellington to Bellsbank.
Route 352: Runs between Dalmellington and Ayr.
Route 356: Links Dalmellington with Cumnock.
Route 520: Provides service to Castle Douglas.
The primary bus stop in Dalmellington is located on Croft Street, which is centrally situated and easily accessible. The first bus service typically starts around 05:48, and the last bus departs at approximately 23:05.
Travel from Glasgow
While there isn't a direct train to Dalmellington, you can reach the town via a combination of train and taxi:
Train to Ayr: Depart from Glasgow Central Station to Ayr and then by taxi to Dalmellington. Alternatively, driving from Glasgow to Dalmellington covers about 49 miles and takes around 58 minutes.
The village has two schools within the "Doon Campus": Dalmellington Primary School and Doon Academy.
Dalmellington Craigengillan Curling Club is the oldest constituted club in Dalmellington; it was formed on 3 December 1841 in the Black Bull Hotel and has continued unbroken since. In 2004 the members reinstated the outside curling pond at Craigengillan, this is the only self levelling curling pond in Scotland.
Dalmellington Band is based in the village of Dalmellington and it is one of Scotland's oldest Brass Bands and has been in the forefront of the movement since its formation in 1864. The band have had notable success in contests and have their name inscribed on every major competition trophy in Scotland, including three Scottish Championship wins. The band regularly provide music for: concerts, gala days, weddings, church services, opening days, parades, background music and Christmas events. In 2014, the band celebrated its 150th year
GUIDE PRICE - £125,000
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Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
50 Merrick Drive, Dalmellington, Ayr, Ayrshire, KA6 7SP
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Visit our security centre to find out moreDisclaimer - Property reference 297134. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auction Scotland, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auction Scotland, Glasgow on 0141 673 3844.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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