Nelson Street, First Floor Flat... 1 bed flat for sale

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Nelson Street, First Floor Flat... 1 bed flat for sale

Nelson Street, First Floor Flat, Newmilns KA16
£16,000

Price History

Initial price £19,000
13/04/23 £30,000
22/04/23 £28,500
10/05/23 £20,000
20/05/23 £30,000
25/05/23 £28,500
27/05/23 £20,000
17/06/23 £30,000
24/06/23 £23,000
01/07/23 £40,000
08/07/23 £30,000
29/07/23 £40,000
04/08/23 £38,000
05/08/23 £29,000
26/08/23 £40,000
05/09/23 £30,000
09/09/23 £38,000
16/09/23 £29,000
04/11/23 £30,000
11/11/23 £23,000
02/12/23 £20,000
20/04/24 £28,000
27/04/24 £20,000
18/05/24 £19,000
15/06/24 £20,000
25/06/25 £16,000
Price Change -15.79%

Description

This is an immediate income-producing investment property, a tenanted 1-bedroom flat located in the popular commuter town of Newmilns, close to the town centre. The property has a low rent of £275 per month, with a settled tenant, and offers a good yield in a well-maintained building. With potential to increase the rent to £350 per month, this property provides an excellent rental yield in a high-demand rental location, close to town centre amenities and transport links. The property is situated approximately 30 minutes from Glasgow, 10 minutes from Kilmarnock, and 20 minutes from Prestwick International Airport, with easy access to the M77 and M74 motorways. This is a perfect buy-to-let investment property with constant tenant demand.