Studio flat for sale

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Studio flat for sale

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.