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1 bedroom flat for sale
Nelson Street, Newmilns KA16
£32,000
Nelson Street, Newmilns KA16
£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 1-bedroom flat in Newmilns, Ayrshire, with a guide price of £32,000. The property requires renovation and is expected to yield a gross return of 18.7-20.6% once fully renovated, with a potential rental income of £6,000-£6,600 per annum. The property has recently been rewired and has a new boiler installed, and its location in Newmilns, a sought-after area, is expected to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity. The property is being sold to ensure a prompt sale and is under the ADS threshold, making it an attractive opportunity for those looking to capitalize on the property's potential.