Three-bed flat near Loch Lomond could be yours for £20K – but there’s a catch

A BARGAIN three-bedroom flat has hit the Scots property market for just £20,000 – but there’s a catch.

The home, situated on Castlehill Road, Dumbarton, is described as an exciting refurbishment project.

The spacious pad lies on the upper level of a block with commercial properties below and comes with a large lounge and dining room, three bedrooms, a kitchen and a bathroom.

But potential buyers are in for a shock, as the home is currently uninhabitable.

Images show the ceiling of the lounge completely caved in, while mould covers a large area of the wall.

In the kitchen and bathroom, chunks of debris cover the worktops, bath and sink.

A description of the property from Auction House Scotland reads: “The property requires a full renovation programme which offers an outstanding opportunity to add massive value whether for resale, rental or owner occupier.

“On completion of works, rental investors could enjoy rental income of £8317/pa (LHA rates).

“Currently uninhabitable so no home report is available, but the attractive guide price is sure to attract interest from a range of buyer types. Early viewing is essential.

“The property lies within the heart of Dumbarton which offers simple easy access to a whole host of local and high street names as well as excellent entertainment and recreational facilities.

“Public transport and rail links (20 minute express trains service to Glasgow City Centre) are close at hand as are primary and secondary schooling.

“The celebrated beauty of Loch Lomond is only a short distance away as are both Alexandria and Balloch Town Centre’s where you can find the beautiful Balloch Marina and Country Park.”

The property is set to go under the hammer on Thursday, May 30 at 2pm.

To find out more, visit Auction House Scotland.