24B Nelson Street, Newmilns, KA16 9AP

• 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

• Property is currently tenanted at £425 p/m. could command a rental income of 500 - 550 PCM / £6000 - £6600. Excellent yield potential. 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.