Pre-auction investment with refurbishment upside and rental income potential.
Pre-auction sale — sold at auction (sold as seen)
This one-bedroom attic flat sits in a Victorian mixed-use building in central Kilmarnock and is offered pre-auction. The layout provides generous room proportions, a bright lounge with distinctive feature windows, a large double bedroom, kitchen and an especially spacious bathroom. Gas central heating, excellent mobile signal and fast broadband add to immediate letting appeal.
The property is a straightforward refurbishment project: carpets and finishes are dated, there are potential mold issues in the attic room and low ceiling heights limit some use. It is sold at auction and will require an investor or buyer prepared to carry out works to bring it to standard.
Estimated rental income is circa £475–495 pcm, creating clear cashflow potential once refurbished. The flat is freehold and well connected — Kilmarnock station and frequent buses are within walking distance, and the A77/M77 links provide easy road access.
Buyers should note the location falls in a very deprived area, which affects long-term demand and resale comparables. The combination of low purchase price and obvious refurbishment scope makes this most suitable for investors or buyers seeking a low-cost entry with renovation upside.
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