Loudoun Road, Newmilns KA16 1 bed flat for sale

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Loudoun Road, Newmilns KA16 1 bed flat for sale

52D, Loudoun Road, Newmilns, KA169HF
£24,000

Price History

Initial price £25,000
16/01/25 £32,000
18/01/25 £24,000
Price Change -4.00%

Description

This is a rare investment opportunity in the popular commuter town of Newmilns, with a tenanted 1-bedroom flat available for sale. The property is centrally located, close to the town center and transport links, and is currently generating a rental income of £4,188 per annum. The current tenant is paying £349 per month, which is below the market average of £400 per month. The property is in high demand, with easy access to Kilmarnock, Ayr, Glasgow, and the M77 and M74 motorways. The surrounding area offers a range of amenities, including schools, shops, and recreational activities, making it an attractive location for tenants. The property is being sold with a sitting tenant, providing a hassle-free investment opportunity for the buyer.