24B Nelson Street, Newmilns, KA16 9AP
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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. **
- 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.
Description
- 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
24B Nelson Street, Newmilns, KA16 9AP
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About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Visit our security centre to find out moreDisclaimer - Property reference 211132352. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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