Nelson Street, Newmilns KA16 1 bed flat for sale

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Nelson Street, Newmilns KA16 1 bed flat for sale

3 Nelson Street, Flat 1-1, Newmilns, KA16 9AP
£15,000

Our Summary

  • This lot is open to immediate offers, and will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created

Description

Prime Property Auctions is presenting a discounted 1-bedroom flat in Newmilns, Ayrshire, with a guide price of £26,000. The property is expected to generate a high rental income of £4,000-£6,000 per annum, providing a gross yield of 18.7-23% based on the guide price. The property is located in a sought-after area with local amenities, including coffee shops, bars, and restaurants, and is close to schools. The town of Newmilns has seen strong demand recently, with nearby properties selling for £89,000 and £60,000. The property is being sold under the Assured Tenancy Scheme (ADS) threshold to ensure a quick sale and is open to immediate offers, with the option to participate in a live online auction.