Studio flat for sale

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Studio flat for sale

First Floor Flat, 27 Kilnholm Street, Newmilns
£25,500

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
03/10/25 £28,500
11/10/25 £25,500
Price Change -12.07%

Description

This income-producing investment property is a one-bedroom flat located in the commuter town of Newmilns, offering excellent access to major cities and airports. The property is currently tenanted, with a settled long-term tenant paying £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The flat has been recently refurbished and features a lounge, modern kitchen, double bedroom, and bathroom. The location is popular with commuters, with Newmilns being just 10-15 minutes outside Kilmarnock, 30 minutes from Ayr, Troon, and Prestwick Airport, and 40 minutes from Glasgow City Centre. The property is being sold under auction terms and conditions, with the seller open to pre-auction offers.