Turnkey one-bed investment with strong rental yield and immediate income potential.
High gross yield quoted: c.16% based on £425 pcm rent at £32,000 guide price
Recently renovated and presented in walk-in condition
Freehold one-bedroom apartment with double glazing and gas CH
Sold at auction – buyer must review legal pack and complete due diligence
Broadband speeds reported slow — limited connectivity for tenants
Located in a very deprived area — affects tenant profile and capital growth
Comparable local sales cited supporting rental demand on the street
Council tax band B and very cheap council tax banding noted
A large one-bedroom apartment in Newmilns presented as a turn-key buy-to-let with immediate rental potential. The property has been recently renovated, is described as walk-in ready and features double glazing and gas central heating—ready for a letting agent to place tenants quickly. Comparable nearby sales cited support strong rental demand in the street.
At a quoted guide price of £32,000 the listing estimates a rental of £425 pcm (£5,100 p.a.), producing a headline gross yield of about 16%. (Note: the data field also shows a price of £25,000 — both figures are recorded on the listing.) The lot will be sold at auction and is suitable for investors seeking a low-entry, high-yield asset.
Important practical points: broadband speeds are reported as slow and the surrounding area is marked as very deprived, which can affect tenant mix and future capital growth. The property will be sold at auction and is subject to tenancy checks and any legal pack conditions; purchasers should complete due diligence before bidding.
Overall this is a compact, recently refurbished freehold apartment aimed squarely at investors wanting an affordable, ready-to-let purchase that delivers strong short-term income, while accepting the limitations of local market conditions and connectivity.