7 Main Street, Flat 2-2, Newmilns, KA16 9HB

• Prime Property Auctions is excited to bring to market this exceptional 1 bed property, located within a prime location in Newmilns. Guide of £25,000

• 7, Main Street, Newmilns, Ayrshire KA16 9HB Previously sold for £33,000. 217, Main Street, Newmilns, Ayrshire KA16 9HB £42,000

• For rental purposes, property is currently tenanted at £400 p/m. Property could attract a monthly rent of £450 - £475 p/m (£5,400- £5,700 p/a) which would provide an excellent gross yield if achieved for guide price

• Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location 

• Property is located near a whole host of local amenities including many popular coffee shops, bars, and restaurants, with local schools nearby. 

Prime Property Auctions is excited to bring to market this exceptional 1 bed property, located within a prime location in Newmilns. Guide of £25,000

The potential rent of £400 - £475 p/m (£4,800 - £5,700 p/a) which would provide an excellent gross yield of between 19.2- 22.8% based on a guide price of £25,000 and easily lettable property in a sought after location and is under ADS threshold.

Property comprises: Entrance hallway, living room, WC, kitchen, 1 bedroom

Prime Opportunity for Property investors and owner occupiers looking for a property in an excellent location. Property requires full renovation prior to habitation. Fantastic Capital growth potential. Sure to appeal to investors looking for Rare auction property. Vendor is open to OFFERS!

Local sales evidence:

9, Main Street, Newmilns, Ayrshire KA16 9HB Previously sold for £30,000. 7, Main Street, Newmilns, Ayrshire KA16 9HB Previously sold for £33,000. 217, Main Street, Newmilns, Ayrshire KA16 9HB £42,000.

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 and an excellent gross yield of between 19.2- 22.8%.

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 is a quaint town characterised by its historical charm and close-knit community. Originally established as a weaving and textile hub, the town showcases remnants of its industrial past. Newmilns is surrounded by the picturesque Ayrshire countryside, offering residents a tranquil setting. With a mix of historical architecture and green spaces, such as Jamieson Park, the town invites leisurely exploration. Newmilns is known for its community-focused events and local initiatives that contribute to its warm and welcoming atmosphere. This Scottish town provides a serene escape while preserving its unique historical character, creating a delightful environment for residents to call home.