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1 bedroom flat for sale
24B Nelson Street, Newmilns, KA16 9AP
£32,000
24B Nelson Street, Newmilns, KA16 9AP
£32,000
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
Description
Prime Property Auctions is presenting a rare BRRR opportunity in the sought-after area of Newmilns, a 1-bedroom flat that requires renovation. With a guide price of £32,000, the property 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, making it an attractive option for shrewd investors or developers. Despite needing renovation, the property's location in Newmilns, a historic town with a rich heritage, 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.