This property is no longer on the market
1 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- 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*
- Property could attract a monthly 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.
- 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 *
- * 7, Main Street, Newmilns, Ayrshire KA16 9HB Previously sold for £33,000. 217, Main Street, Newmilns, Ayrshire KA16 9HB £42,000*
- Property could attract a monthly 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.
- 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.
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.
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Property reference 30977. 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 April 6, 2023
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: obtained on March 28, 2017 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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