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Nelson Street, Newmilns KA16 1 bed flat for sale
24B Nelson Street, Newmilns, KA16 9AP
£10,000
24B Nelson Street, Newmilns, KA16 9AP
£10,000
Our Summary
- *HIGH YIELDING POTENTIAL* Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold Property requires renovation
- Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity
- Needs Modernisation/Renovation
- *HIGH YIELDING POTENTIAL* Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold Property requires light renovation
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold
- Property requires renovation
Description
Prime Property Auctions presents a spacious 1-bedroom flat in the sought-after area of Newmilns, Ayrshire, available for renovation and offering high yielding potential. The property, guided at £32,000, requires modernization and renovation, but once completed, could command a rental income of £6,000-£6,600 per annum, providing a gross yield of 18.7-20.6%. The property has been recently rewired and has a new boiler installed. With a history of similar properties selling for £60,000 and £89,000, this opportunity is sure to appeal to shrewd investors or developers looking for a rare project. The flat is located in a quiet area of Newmilns, with the town centre offering local shops, cafes, and pubs, and the surrounding countryside providing opportunities for outdoor activities. With its rich heritage and modern charm, Newmilns is an inviting place to live, work, and invest.