3 Nelson Street, Tenanted Investment... 1 bed flat for sale

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3 Nelson Street, Tenanted Investment... 1 bed flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£19,500

Price History

Initial price £26,000
15/08/25 £24,500
22/08/25 £25,000
30/08/25 £24,500
05/09/25 £26,000
13/09/25 £22,500
19/09/25 £26,000
27/09/25 £23,500
03/10/25 £25,500
11/10/25 £22,500
25/10/25 £20,500
31/10/25 £22,500
08/11/25 £20,500
05/12/25 £24,500
06/12/25 £22,500
30/12/25 £19,500
Price Change -25.00%

Description

This income-producing investment property is a one-bedroom, freehold flat located in the commuter town of Newmilns, offering excellent access to major cities and airports. The property is tenanted and will be sold with a tenant in place, paying £399 per month, providing a yield of over 16%. The rent is low compared to the local market, with a competitive rate of £450 per month for a similar property. The property is ideal for a landlord or investor seeking a generous return on a low-cost investment. Newmilns is a popular rental location, attracting commuters due to its proximity to Kilmarnock, Ayr, Troon, and Prestwick Airport, with easy access to Glasgow City Centre via the M77. The property will be sold under auction terms and conditions, with the seller open to pre-auction offers.