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Nelson Street, Newmilns KA16 1 bed flat for sale
24B Nelson Street, Newmilns, KA16 9AP
£22,000
24B Nelson Street, Newmilns, KA16 9AP
£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
Prime Property Auctions presents a spacious 1-bedroom flat in the sought-after area of Newmilns, Ayrshire, with a guide price of £32,000. The property is currently tenanted at £425 per month and has the potential to command a rental income of £500-£550 per month, providing a high yield of 18.7-20.6% based on the guide price. The property requires renovation and has recently been rewired and has a new boiler installed. With historic sales evidence of nearby properties selling for £60,000 and £89,000, this property offers a rare BRRR opportunity for shrewd investors or developers. The property is located in a peaceful yet vibrant community, with local shops, cafes, and pubs in the town centre and scenic countryside nearby.