>
Studio flat for sale
3 Nelson Street, Tenanted Investment, Newmilns
£22,500
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 |
19/09/25 | £26,000 |
27/09/25 | £23,500 |
03/10/25 | £25,500 |
11/10/25 | £22,500 |
Price Change | -13.46% |
Description
This income-producing investment property is a 1-bedroom, freehold flat located in the commuter town of Newmilns, offering excellent access to major cities and airports. The property is currently tenanted and will be sold with a settled tenant in place, paying £399 per month, providing a potential yield of over 16%. The rent is low compared to the local market rate, making it an attractive investment opportunity for landlords and investors. Newmilns is a popular rental location, with easy access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport, making it an ideal location for commuters. The property will be sold under auction terms and conditions, with pre-auction offers being considered.