First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale

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First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale

First Floor Flat, 27 Kilnholm Street, Newmilns
£24,500

Price History

Initial price £29,000
15/08/25 £27,500
30/08/25 £23,500
05/09/25 £28,500
13/09/25 £26,500
19/09/25 £28,500
27/09/25 £24,500
Price Change -15.52%

Description

This income-producing investment property is a 1-bedroom first-floor flat located in the commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property has recently been refurbished internally and features a lounge, modern kitchen, double bedroom, and bathroom. With a tenant in place, the property generates £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The tenant has an excellent payment history, making this a low-risk investment opportunity. The property is situated in a popular rental location, popular with commuters due to its proximity to Kilmarnock and Glasgow, as well as its access to beaches and Prestwick Airport. The property will be sold under auction terms and conditions, with the seller willing to consider pre-auction offers.