Ladeside, Ayrshire KA16 1 bed flat for sale

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Ladeside, Ayrshire KA16 1 bed flat for sale

34A Ladeside, Newmilns, Ayrshire, KA16 9BE
£20,000

Price History

Initial price £34,000
26/10/24 £25,000
18/11/24 £34,000
01/04/25 £20,000
Price Change -41.18%

Description

This property is a large one-bedroom flat located in a popular buy-to-let area, currently tenanted at £425 per month, producing an annual income of £5,100 and a gross yield of 15%. The property has rental potential of £475-£550 per month, providing an annual income of £5,700-£6,600 and a gross rental yield of 16.8-19.4%. The property is situated on a sought-after street and has recently been sold for £67,000 and £60,000, indicating strong demand in the area. The property is an easy lettable flat with great potential for capital growth, making it an attractive investment opportunity for those looking for a high-yielding property. With a guide price of £34,000, this property is open to immediate offers and is set to feature in an upcoming timed online auction.