1 bed Flat For Sale £34,000
Ladeside, Ayrshire KA16

• 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.