Initial price	£32,000
18/10/24	£22,000
26/10/24	£5,000
14/11/24	£32,000
08/07/25	£22,000
29/09/25	£10,000
07/10/25	£22,000
12/10/25	£10,000
21/10/25	£22,000
27/10/25	£10,000
31/10/25	£22,000
Price Change	-31.25%

Prime Property Auctions presents a spacious 1-bedroom flat in the sought-after area of Newmilns, Ayrshire, with a guide price of £32,000. The property requires renovation and is expected to command a rental income of £6,000-£6,600 per annum, providing a gross yield of 18.7-20.6% based on the guide price. The property has been recently rewired and has a new boiler installed, and its renovation potential is highlighted by comparable sales in the area, such as £89,000 for a similar property on Nelson Street and £60,000 for a property on Brown Street. The property is being sold to ensure a prompt sale and is under the ADS threshold, making it an attractive opportunity for shrewd investors or developers looking for a rare project and excellent BRRR opportunity.