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Nelson Street, Newmilns KA16 1 bed flat for sale
Nelson Street, Newmilns KA16
£22,000
Nelson Street, Newmilns KA16
£22,000
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
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Here's a summary of the property description in a single paragraph:
A spacious 1-bedroom flat in Newmilns, Ayrshire, is being offered for sale at a guide price of £32,000. The property requires renovation and has the potential to generate a rental income of £6,000-£6,600 per annum, providing a gross yield of 18.7-20.6%. The property has recently been rewired and has a new boiler installed, and there is historic sales evidence of similar properties in the area selling for £60,000 and £89,000. The property is being sold to ensure a prompt sale and is under the ADS threshold, making it an attractive opportunity for shrewd investors or developers looking for a rare project. Located in the sought-after area of Newmilns, the property offers a peaceful yet vibrant community atmosphere, with local shops, cafes, and pubs in the town centre and plenty of opportunities for outdoor activities in the surrounding countryside.