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16, Mid Street, First Floor Flat and Gardens, Lochgelly, Fife, KY59JY - Image 1
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16, Mid Street, First Floor Flat and Gardens, Lochgelly, Fife, KY59JY

Scotland

£50,000
Listed on 02/04/2026

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom first-floor flat in Lochgelly, Fife presents a promising investment opportunity. While the property is currently in fair condition, it offers significant renovation potential for prospective buyers looking to enhance its value. With a loft that hasn't been converted and rear gardens available, there is room for further development to maximize usable space. The flat consists of two bedrooms, one bathroom, and a reception room with gas central heating and double glazing already installed. Located conveniently near the town centre, residents will benefit from nearby amenities, public transport options including Lochgelly train station, and easy access to major roadways such as the A92 and M90. This property could provide an attractive rental yield estimated at £550 per month (£6,600 annually) once refurbished. The surrounding area boasts recreational facilities like Lochgelly Centre and Lochore Meadows Country Park, enhancing the property's appeal as a residential investment.

Investment Analysis

(KY5 area)
Area Average
£149/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
97%
Properties sold annually

Local Market Trend (KY5)

Area prices are rising by +7.8% over the last 12 months
3 year growth: +16.6%
5 year growth: +22.3%
Investment Disclaimer: Analysis based on KY5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

16, Mid Street, First Floor Flat and Gardens, Lochgelly, Fife, KY59JY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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