40A Old Mill Road, Kilmarnock, East Ayrshire, KA1 3AX
- PROPERTY TYPE
Flat
- BEDROOMS
1
- SIZE
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- 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
- OUTSTANDING INVESTMENT OPPORTUNITY. Low cost
- MAIN DOOR FLAT. Preferred first floor position.
- SIGNIFICANT POTENTIAL to add value through refurbishment.
- Major roof repairs undertaken. Plastering completed where required.
- POTENTIAL RENTAL INCOME £4,800 to £5,400 per annum following refurbishment.
- Excellent rental location with high tenant demand.
- CENTRAL LOCATION. Close to town centre, college, bus and train links.
- Bid now! To avoid missing out
Description
An excellent opportunity for investors, developers and property traders seeking a low-cost project for resale or retention.
Accommodation comprises a combined lounge/bedroom, separate kitchen and bathroom. The property requires refurbishment.
Some major works have already been completed with plastering already completed where required and significant roof repairs undertaken. A blank canvas with scope to upgrade the accommodation and realise the massive level of potential.
Located close to Kilmarnock town centre, bus station and college, with easy access to the train station. Major employers in the surrounding area include Crosshouse Hospital, while road and rail connections provide access to Glasgow.
The area enjoys an extremely strong rental demand and following refurbishment the property should easily achieve a rental income of £400- £450 per month (£4,800- £5,400 per year) giving an outstanding return on investment.
The low guide price and works already undertaken make this a strong prospect for buyers looking to add value through refurbishment, whether trading on completion or retaining as a rental investment.
Property of this type at this price point is rarely available in in fast growing and highly desirable town like Kilmarnock so interest is certain to be high.
Kilmarnock has recorded strong recent house price growth, with average prices rising 7.2% in the year to July 2026, outperforming the Scottish average of 2.3%. An attractive market for investors seeking opportunities to add value through refurbishment.
This has been driven by the number of new developments and excellent access to Glasgow, Ayr and Prestwick International Airport.
Nearby Kilmarnock train station offers hourly services to Glasgow and frequent services to Ayr.
Kilmarnock boasts of a large bus station offering alternative routes in and out of Kilmarnock all across Ayrshire and beyond.
This makes Kilmarnock an appealing central hub for commuters and students alike to be able to easily access many different facilities and opportunities while still having many amenities and attractions right on their doorstep.
Recent Sales Prices:
22 Old Mill Road - April 2026 - £50,000
Flat 1 10 Old Mill Road - Nov 2025- £53,000
40D Old Mill Road - Sept 2025 - £38,000
40F Old Mill Road - July 2025 - £41,500
This lot will be sold under auction terms and conditions by Braveheart Auctions.
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- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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40A Old Mill Road, Kilmarnock, East Ayrshire, KA1 3AX
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Visit our security centre to find out moreDisclaimer - Property reference 779FH. 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 Braveheart Auctions Limited, Edinburgh. 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 Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*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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