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Nelson Street, Newmilns KA16 1 bed flat for sale
Nelson Street, Newmilns KA16
£22,000
Nelson Street, Newmilns KA16
£22,000
Price History
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 |
Price Change | -31.25% |
Description
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Here is a summary of the property description in a single paragraph without a list:
This 1-bedroom flat in Newmilns, Ayrshire, is a BRRR opportunity that requires renovation and is guided at £32,000 to ensure a prompt sale. Once fully renovated, the property could command a rental income of £6,000-£6,600 per annum, providing an exceptional gross yield of 18.7-20.6% based on the guide price. The property is under the ADS threshold and has recently been rewired and fitted with a new boiler. Historic sales evidence suggests that similar properties in the area have sold for £60,000 and £89,000, making this a rare project with high yielding potential. The property is open to immediate offers and will feature in an upcoming timed online auction.