52D Loudoun Road, Newmilns, East... 1 bed flat for sale

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52D Loudoun Road, Newmilns, East... 1 bed flat for sale

52D Loudoun Road, Newmilns, East Ayrshire, KA16 9HF
£28,750

Our Summary

  • The current tenant is paying £349 per month with scope to possibly increase to around £425-£450 pcm
  • *This lot will be sold under auction terms and conditions by Braveheart Auctions
  • 8% yieldPotential to increase rent slightlyPerfect buy to let portfolio additionHigh demand rental locationPopular commuter town
  • Potential to increase rent slightly

Description

This one-bedroom property in Newmilns is a great opportunity for a buy-to-let investor, with a current tenant paying £349 per month, yielding 12.8%. The flat features an entrance hallway, double bedroom, bathroom, and open-plan living room and kitchen. The tenant has scope to increase their rent to around £425-£450 per month, providing potential for further growth. Newmilns is a popular commuter town with good links to Kilmarnock and Glasgow, making it an attractive location for tenants. With local sales data suggesting a strong demand for properties in the area, this property is a great addition to any portfolio.