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Studio flat for sale
3 Nelson Street, Tenanted Investment, Newmilns
£20,500
3 Nelson Street, Tenanted Investment, Newmilns
£20,500
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 |
| Price Change | -21.15% |
Description
This income-producing investment property is a one-bedroom, freehold flat located in the commuter town of Newmilns, offering easy access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is currently tenanted, with a settled long-term tenant paying £399 per month, providing a potential yield of over 16%. The rent is significantly lower than the local market rate of £450 per month, making it an attractive investment opportunity for landlords and investors. The property is situated in a popular rental location, popular with commuters due to its proximity to Kilmarnock and Glasgow. The property will be sold under auction terms and conditions, with the seller open to pre-auction offers.