1 bedroom flat for sale

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1 bedroom flat for sale

34A Ladeside, Newmilns, Ayrshire, KA16 9BE
£25,000

Price History

Initial price £34,000
26/10/24 £25,000
Price Change -26.47%

Description

This is a large 1-bedroom tenanted property located in a popular buy-to-let location in Newmilns, Ayrshire. The property is currently rented out for £425 per month, producing an annual income of £5,100 and a gross yield of 15% at a guide price of £34,000. The property has rental potential of £475-£550 per month, which would provide an annual income of £5,700-£6,600 and a gross yield of 16.8-19.4%. The property is situated on a popular street for buy-to-let landlords and owner occupiers, with recent sales in the area demonstrating strong demand. The property is an easy lettable flat with great potential for capital growth, making it an attractive investment opportunity for those looking for a high-yielding property.