1 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions New Entry. Large 1 bedroom tenanted property located in popular buy to let location. Currently Tenanted at £425. *HIGH YIELDING INVESTMENT *
- * 34A Ladeside, Newmilns, Ayrshire KA16 9BE previously sold for £67,000 August 2022, 16, Isles Terrace, Newmilns, Ayrshire KA16 9JZ previously sold for £60,000 December 2022 *
- Property is currently tenanted £425 pcm which produces an annual income of £5,100. This would provide a gross yield of 15% at Guide of £34,000.
- Property has rental potential of £475 - £550 which would provide an annual income of £5,700 - £6,600.
- 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 New Entry. Large 1 bedroom tenanted property located in popular buy to let location. Currently Tenanted at £425. *HIGH YIELDING INVESTMENT *
- * 34A Ladeside, Newmilns, Ayrshire KA16 9BE previously sold for £67,000 August 2022, 16, Isles Terrace, Newmilns, Ayrshire KA16 9JZ previously sold for £60,000 December 2022 *
- Property is currently tenanted £425 pcm which produces an annual income of £5,100. This would provide a gross yield of 15% at Guide of £34,000.
- Property has rental potential of £475 - £550 which would provide an annual income of £5,700 - £6,600.
- 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 New Entry. Large 1 bedroom tenanted property located in popular buy to let location. Currently Tenanted at £425. *HIGH YIELDING INVESTMENT * Property comprises: Entrance Hallway, Large Living room, Double Bedroom, Kitchen, and bathroom. Property is a ground floor flat and benefits from Double Glazing and Gas Central Heating. EPC RATING C.
Property is currently tenanted £425 pcm which produces an annual income of £5,100. This would provide a gross yield of 15% at Guide of £34,000. Property has rental potential of £475 - £550 which would provide an annual income of £5,700 - £6,600. Should rents be increased to market rent it would provide a gross rental yield of 16.8% - 19.4%.
The property is situated on a popular street for buy to let landlords and owner occupiers. Local sales:
* 34A Ladeside, Newmilns, Ayrshire KA16 9BE previously sold for £67,000 August 2022, 16, Isles Terrace, Newmilns, Ayrshire KA16 9JZ previously sold for £60,000 December 2022 *
Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local areas seen some great sales recently showing that there is strong demand.
Property has a Guide price of £34,000 and is sure to appeal to investors. IMMEDIATE CASH PRODUCING INVESTMENT
High yielding investment property. Currently giving a gross yield of 15%.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” 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 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.
Places of interest
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Property reference 205534216. 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.
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Broadband availability and predicted speed: obtained from Ofcom on May 5, 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: obtained from Ofcom on May 5, 2022
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 November 25, 2019 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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