1 bedroom flat for sale

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1 bedroom flat for sale

Main Street, Newmilns KA16
£25,000

Our Summary

  • Property offers Fantastic Capital growth potential
  • * Guide of £25,000 *The potential rent of £400 - £475 p/m (£4,800 - £5,700 p/a) which would provide an excellent gross yield of between 19
  • Property requires full renovation prior to habitation
  • Sure to appeal to investors looking for Rare auction property
  • This property is offered at a fantastic price to ensure an Auction sale and an excellent gross yield of between 19
  • The property 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 presents an attractive 1-bedroom property situated in the heart of Newmilns, with a guide price of £25,000. This characterful home is ideal for both investors and owner-occupiers, offering a potential rental income of £4,800 to £5,700 per annum, translating to a gross yield of 19.2-22.8%, making it a lucrative investment opportunity. The property, which requires complete renovation, is positioned near a variety of local amenities, including schools, coffee shops, bars, and restaurants, and is situated under the Additional Dwelling Supplement (ADS) threshold. Comparative sales in the area suggest a strong capital growth potential, with similar properties in Main Street having sold for up to £42,000. This property is offered at a competitive price to ensure a successful auction sale. It is currently open to immediate offers and can be accessed via the "OFFER NOW" feature on the Prime Property Auctions website. To participate in the timed online auction, potential buyers must register a bidding account with the auctioneer. Newmilns, with its historical charm and proximity to the scenic Ayrshire countryside, offers a peaceful living environment with a strong sense of community. This property presents a unique chance for investors to secure a rare auction property with excellent growth prospects.
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