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1 bedroom flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£24,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£24,500
Our Summary
- Investment opportunity in extremely popular rental location close to Kilmarnock with easy access to Glasgow City Centre
- Potential to add significan t value in high demand rental location and popular commuter zone
- Vacant FREEHOLD property with realistic potential rental of £425-£450 per month (£5,100- £5,400 per year) offering an exception potential yield and outstanding return on investment
- As shown in the images, the property will require a degree of refurbishment and modernisation to realise the full potential but this should pose no major issues to professional or part-time developers
- This property will be sold under auction terms and conditions by Braveheart Auctions
- For more information on this property and our next online auction speak to Braveheart Auctions now
Description
This vacant freehold property in Newmilns, a popular rental location near Kilmarnock, offers a significant investment opportunity with a realistic potential rental income of £425-£450 per month. The property, which comprises an entrance, lounge, double bedroom, kitchen, and bathroom, requires refurbishment and modernization to realize its full potential. Despite this, it is expected to provide an exceptional yield and outstanding return on investment. With easy access to Glasgow City Centre, the property is well-suited for commuters, and its location near the M77 motorway makes it a desirable spot. With a low cost and potential rental income, this property presents a fantastic opportunity for investors to add value and generate a strong return.