Summary - FLAT 1 GROUND FLOOR, 3, NELSON STREET KA16 9AP
1 bed 1 bath Flat
Low-priced auction flat with strong rental upside for hands-on investors.
Guide price £26,000 — auction sale, offered under ADS threshold
Estimated rent £400–£550 pcm; potential gross yield ~18.7–23%
Freehold ground-floor one-bedroom flat, simple layout
Victorian sandstone exterior; traditional building character
Damp present on walls — requires remediation before letting
Area classified very deprived; lettings likely low-mid market
Broadband speeds average; mobile signal excellent
Sold at auction — purchaser to allow for quick completion
A ground-floor one-bedroom flat in Newmilns offered with a low guide price of £26,000 and clear investor appeal. The building is a traditional Victorian sandstone terrace; the flat offers straightforward layout: entrance hallway, living room, WC, kitchen and bedroom. Rental estimates are £400–£550 pcm, giving strong gross-yield potential versus the guide price.
The flat shows signs of damp on internal walls and is described with basic fittings and modern-style finishes in places. Broadband is average and the surrounding neighbourhood is classified as very deprived, so expect a lettings market focused on affordability rather than premium rents. The property will be sold at auction and is offered freehold.
This is a BRRR-style opportunity for buyers who can carry out repairs and manage letting. The low guide price and nearby recent sales cited in the information suggest upside if refurbished and let promptly. However budget for damp remediation and general refurbishment before re-letting or resale.
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