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1 bedroom flat for sale
Ladeside, Ayrshire KA16
£25,000
Ladeside, Ayrshire KA16
£25,000
Price History
Initial price | £34,000 |
26/10/24 | £25,000 |
Price Change | -26.47% |
Description
This large 1-bedroom tenanted property in Newmilns, Ayrshire, is a high-yielding investment opportunity. Currently rented out at £425 per month, it produces an annual income of £5,100, providing a gross yield of 15% at a guide price of £34,000. With potential to increase rents to £475-£550, the annual income could rise to £5,700-£6,600, offering a gross rental yield of 16.8-19.4%. The property, situated on a popular street, benefits from double glazing and gas central heating and is a ground-floor flat. With a strong demand for rental properties in the area, this property is sure to appeal to investors looking for an easy lettable flat with great potential for capital growth.