3 Nelson Street, Tenanted Investment... 1 bed flat for sale

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3 Nelson Street, Tenanted Investment... 1 bed flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£25,500

Price History

Initial price £26,000
15/08/25 £24,500
22/08/25 £25,000
30/08/25 £24,500
05/09/25 £26,000
13/09/25 £22,500
19/09/25 £26,000
27/09/25 £23,500
03/10/25 £25,500
Price Change -1.92%

Description

This income-producing investment property is a one-bedroom, freehold flat located in the commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is tenanted, with a settled long-term tenant paying £399 per month, providing a potential yield of over 16%. The rent is significantly lower than the local competitive rate of £450 per month, making it an attractive investment opportunity for landlords or investors looking for a generous return on a low-cost investment. The property is located in a popular rental location, popular with commuters due to its proximity to Kilmarnock and Glasgow, and is being sold under auction terms and conditions by Braveheart Auctions. The seller is open to considering pre-auction offers, making this a unique opportunity for potential buyers.