1 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions is excited to present this excellent BRRR opportunity, a spacious 1 bed flat, located in the sought after area of Newmilns. *Guide Price of £32,000*
- *12, Nelson Street, Newmilns, KA169 AP sold for £89,000, 28, Brown Street, Newmilns, Ayrshire KA16 9 AA sold for £60,0000*
- Once fully renovated, the property could command a rental income of 500 550 PCM / £6000 £6600, which could provide an exceptional gross yield of 18.7 20.6% based on guide price of £32,000. *
- Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold
- Property requires renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.
- Prime Property Auctions is excited to present this excellent BRRR opportunity, a spacious 1 bed flat, located in the sought after area of Newmilns. *Guide Price of £32,000*
- *12, Nelson Street, Newmilns, KA169AP sold for £89,000, 28, Brown Street, Newmilns, Ayrshire KA16 9AA sold for £60,0000*
- Once fully renovated, the property could command a rental income of 500 - 550 PCM / £6000 - £6600, which could provide an exceptional gross yield of 18.7- 20.6% based on guide price of £32,000. *HIGH YIELDING POTENTIAL*
- Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold
- Property requires renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.
Prime Property Auctions is excited to present this excellent BRRR opportunity, a spacious 1 bed flat, located in the sought after area of Newmilns. *Guide Price of £32,000*
Property Comprises:
Hallway Entrance, 1 Bedroom, Bathroom, Kitchen, Living Room, Spacious Garden. Needs Modernisation/Renovation. RECENTLY REWIRED AND NEW BOILER INSTALLED.
Historic Sales Evidence:
*12, Nelson Street, Newmilns, KA169AP sold for £89,000, 28, Brown Street, Newmilns, Ayrshire KA16 9AA sold for £60,0000*
Once fully renovated, the property could command a rental income of 500 - 550 PCM / £6000 - £6600, which could provide an exceptional gross yield of 18.7- 20.6% based on guide price of £32,000. *HIGH YIELDING POTENTIAL*
Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ADS threshold
Property requires light renovation. Sure to appeal to shrewd investors or developers looking for a rare project and excellent BRRR opportunity.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Newmilns, nestled in the beautiful Irvine Valley of East Ayrshire, is a historic town that blends its rich heritage with modern charm. Known for its traditional sandstone buildings and scenic surroundings, Newmilns offers a peaceful yet vibrant community atmosphere. The town centre features local shops, cafes, and pubs, while the nearby countryside provides plenty of opportunities for outdoor activities such as walking and cycling. Steeped in history, with roots in Scotland's weaving industry, Newmilns retains its unique character while offering the comforts of modern living. It's an inviting place where history, nature, and community spirit come together.
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Property reference 211132352. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on August 18, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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