Summary - Nelson Street, Newmilns, KA16 KA16 9AP
1 bed 1 bath Apartment
**Standout Features:**
- Cosy first-floor flat in Newmilns
- Victorian semi-detached character property
- Currently tenanted with a guaranteed rental return of £349/month
- Staggering yield of over 19% at auction guide price of £26,000
- Nearby amenities include schools, shops, cafes, and Dumfries House
**Potential Concerns:**
- Located in a deprived area
- Average broadband speeds
This charming one-bedroom apartment offers a unique blend of traditional Victorian features and modern rental potential, making it an ideal opportunity for investors or first-time buyers looking for a low-entry property. Currently tenanted, it guarantees a reliable monthly income while boasting an impressive yield of over 19% if purchased at the auction guide price of just £26,000. The flat is well-situated in Newmilns, providing easy access to local amenities including schools, shops, and leisure facilities. Commuter-friendly, it’s only 25 miles from Glasgow and near transport links, including a train line to Glasgow and proximity to Prestwick Airport.
However, note that the property is in a deprived area, which might affect long-term value growth but also highlights the affordable entry point for investors. This property presents an excellent foundation for those willing to explore its renovation potential while enjoying the benefits of immediate rental income. Don’t miss this opportunity!
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