KA16 9AP - 1 bedroom flat for sale in 3 Nelson Street, Flat 11, Newmil…

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1 bedroom flat for sale in 3 Nelson Street, Flat 1-1, Newmilns, KA16 9AP, KA16

Summary - FLAT 1 GROUND FLOOR, 3, NELSON STREET KA16 9AP

1 bed 1 bath Flat

Low-price Victorian one-bed offering exceptional gross yield potential for hands-on investors.
Guide price £26,000 — very low entry point for investors
This ground-floor one-bedroom flat in Newmilns is offered with a low guide price of £26,000, presenting a clear buy-to-rent opportunity for investors seeking high gross yields. Estimated rental income of £400–£550 PCM could deliver an exceptional projected gross yield of around 18.7–23% based on the guide price. The property is freehold and located in a traditional Victorian stone building close to local shops, cafés and outdoor amenities.

The flat will be sold at auction and is offered under the ADS threshold to encourage a quick sale; buyers should be prepared to move quickly and to pay required auction deposits and fees. Internally the property shows signs of damp on walls and basic finishes; some refurbishment and redecoration will likely be needed to achieve market rent and quality standards. Broadband speeds are average but mobile signal is excellent.

The wider area is classified as very deprived with ‘Challenged transitionaries’ demographics, which affects long-term capital growth prospects but supports strong rental demand and affordability. This unit suits investors looking for a high-yield, hands-on project rather than a low-maintenance buy: expect renovation and lettings management work to capture the advertised rental returns.

Buyers should carry out their own due diligence, including an inspection and checks on damp, services, and any refurbishment costs. The property’s low entry price and promising rental range make it attractive for those able to invest time and money to renovate and let quickly.

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