Studio flat for sale

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Studio flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£24,500

Price History

Initial price £26,000
15/08/25 £24,500
Price Change -5.77%

Description

This is an income-producing investment property located in Newmilns, a popular commuter town with excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is a 1-bedroom, freehold flat on the first floor, currently tenanted and generating a monthly income of £399, which translates to an annual yield of approximately 16%. The tenant has a good payment history and the property is being sold with a settled, sitting tenant. The property is considered a low-cost investment with a competitive local rental of £450 per month, making it an attractive option for landlords and investors seeking a generous return. The location is ideal for commuters, with Newmilns just 10-15 minutes outside Kilmarnock and 30 minutes from Ayr, Troon, and Prestwick Airport.