3 Nelson Street, Tenanted Investment... 1 bed flat for sale

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3 Nelson Street, Tenanted Investment... 1 bed flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£22,500

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
Price Change -13.46%

Description

This is an income-producing investment property located in the popular commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is a one-bedroom, freehold flat on the first floor, currently tenanted with a long-term tenant who pays £399 per month, providing a potential yield of over 16%. The rent is below the local market rate, offering a competitive return on investment. The property is situated in a popular rental location, ideal for landlords or investors seeking a generous return on a low-cost investment. With its proximity to major transportation links, including the M77, the property is well-positioned for commuters and offers easy access to Glasgow City Centre, Ayr, Troon, and Prestwick Airport.