Summary - King Street, Newmilns, East Ayrshire, KA16 9DW KA16 9DW
1 bed 1 bath Flat
Low-cost one-bedroom with clear refurbishment upside for hands-on investors.
Potential rent £425–£450 pcm, estimated strong gross yield
This compact one-bedroom flat in Newmilns is presented as a low-cost investment with clear rental upside. The vendor materials suggest achievable rents of £425–£450 pcm, which at the guide price would deliver a strong gross yield for buyers prepared to refurbish. The property is in a popular commuter belt with fast broadband and excellent mobile signal — attractive features for long-term tenants.
The flat occupies the first floor of a Victorian terraced building and will require a degree of renovation and modernisation. Images and the listing note dated interiors, clutter and general wear; buyers should budget for cosmetic upgrades, kitchen and bathroom improvements, and redecoration to reach rental standards. Flood risk is recorded as nil.
This lot will be sold at auction, so purchasers should factor in auction terms and a swift completion timescale. The description refers to the property as vacant and freehold, but formal tenure has not been confirmed in the supplied data — obtain legal title details before bidding. The surrounding area is described as very deprived and primarily employed in older industrial/primary sectors, which can affect tenant demand stability and long-term capital growth.
For an investor or small developer wanting a budget entry in an established rental market, this property offers straightforward value-add potential. If you prefer low-management assets or want stronger neighbourhood fundamentals, be mindful of the location’s socio-economic profile and the renovation required to realise the advertised rental figures.
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