Sloan Place, Irvine, North Ayrshire, KA12
Scotland
£55,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
2Type
FlatArea
678 sqftFeatures
- Parking
Description
This two-bedroom first-floor flat in Irvine offers 678 sq ft of accommodation, with a spacious living and dining room, a separate kitchen and two bedrooms. The kitchen has fitted wall and base units, worktop space, tiled splashbacks, a sink and drainer, and a freestanding cooker. The principal bedroom includes mirrored sliding-door storage. The bathroom has a three-piece suite, with a bath and electric shower over it.
The property has secure entry, allocated parking and electric heating, and is rated EPC C. The listing notes that modernisation and redecoration would be beneficial, giving a buyer scope to update the interiors. Irvine town centre, Rivergate Shopping Centre and local amenities are within reach, while Irvine railway station is around 0.7 miles away, with rail connections across Ayrshire and towards Glasgow.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
59out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £55,000, this flat is priced well below the local average per square foot, making it a notably cheap entry point for a two-bedroom home in Irvine. The spacious living and dining room, practical layout, allocated parking and secure entry give the project a useful starting point, while the dated finishes across several rooms leave clear scope to refresh the décor and flooring and update the kitchen. The bathroom’s peeling, patchy wall finish also needs investigating and making good.
The overall score is D because the economics are tight: purchase plus the £22,000–£42,000 renovation range puts the midpoint estimate close to the current local-average value, before fees. The low asking price is a genuine acquisition strength, but the eventual result depends on controlling the work and what the finished flat can achieve.
Key opportunities
- Acquire at £55,000, well below the local average asking price per square foot.
- Refresh the dated décor and flooring across the living room and bedrooms to make the generous space feel more current.
- Assess the kitchen fittings and peeling bathroom wall finish, then target improvements to suit their actual condition.
Key risks
- The bathroom’s peeling, patchy wall finish needs investigation before the repair scope is clear.
- Renovation costs could absorb the low purchase-price advantage: the purchase plus the £22,000–£42,000 works range leaves limited headroom against the current local-average value.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£208
Based on a loan of £41,250 over 30 years at 4.45% 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.
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