1 bed flat for sale

57D Loudoun Road, Newmilns KA16

• Prime Property Auctions is excited to bring to market this Excellent Residential Investment Opportunity, this tenanted 1 bed property, located within a prime location in Newmilns. ***Guide Price of £25,000***

• ***25, Loudoun Road, Newmilns, Ayrshire KA16 9HJ sold for £60,000,10, Mure Place, Newmilns, Ayr KA16 9HR sold for £55,000 ***

• Currently rented at £250pcm. Property could attract a monthly rent of £450 - £500 p/m (£5400 - £6,000 p/a) which would provide an excellent gross yield of between 21.6% - 24% based on a guide price of £25,000.

• Property is sure to appeal to shrewd investors looking for high yielding and 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 Excellent Residential Investment Opportunity, this tenanted 1 bed property, located within a prime location in Newmilns. ***Guide Price of £25,000***

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

Sales Evidence:

***25, Loudoun Road, Newmilns, Ayrshire KA16 9HJ sold for £60,000,10, Mure Place, Newmilns, Ayr KA16 9HR sold for £55,000 ***

***Property is priced under ads to ensure a quick sale! ***

Currently rented at £250 pcm. Property could attract a monthly rent of £450 - £500 p/m (£5400 - £6,000 p/a) which would provide an excellent gross yield of between 21.6% - 24% based on a guide price of £25,000.

Property is sure to appeal to shrewd investors looking for high yielding and 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 local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer now, you can do so via our “Offer now” button on our website.

This lot is open to immediate offers. Swing that there is strong demand.

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, located in the picturesque Irvine Valley, is a charming town that harmoniously blends its rich history with contemporary living. The town's streets are adorned with traditional sandstone buildings alongside modern homes, creating a captivating architectural mix. The welcoming town centre features a variety of local shops, inviting cafes, and friendly pubs, offering a delightful selection of goods and services. Known for its close-knit community, Newmilns greets every visitor with warmth and hospitality. Surrounded by beautiful countryside, Newmilns is an ideal spot for outdoor enthusiasts, offering scenic walking trails and lush green spaces. Experience the unique charm of Newmilns, where history and modernity coexist, and every visit feels like a warm welcome home.

Read full description