Studio flat for sale

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Studio 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
11/10/25 £22,500
25/10/25 £20,500
31/10/25 £22,500
08/11/25 £20,500
14/11/25 £25,500
Price Change -1.92%

Description

This is an income-producing investment property, 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 currently tenanted, with a settled long-term tenant paying £399 per month, providing a yield of over 16%. The rent is low compared to the local market rate, with a competitive rent of £450 per month for a similar property. The property is perfect for a landlord or investor looking for a generous return on a low-cost investment, and is located in a popular rental location that is popular with commuters due to its proximity to major towns and cities. The property will be sold under auction terms and conditions, with pre-auction offers being considered.