Summary - FLAT GROUND 2, 22, OLD MILL ROAD KA1 3AW
1 bed 1 bath Flat
High-yield one-bedroom ground-floor flat with sitting tenants — ideal for buy-to-let investors..
Freehold ground-floor one-bedroom flat
Current annual gross income £7,200 (sitting tenant)
Approx. 517 sq ft; average-sized rooms
Communal rear garden and on-street parking only
Tenant intends to remain; limited vacant possession
Buyer’s Premium applies to the sale process
Located in a very deprived local area
Good mobile signal and fast broadband reported
A compact, ground-floor one-bedroom flat in Kilmarnock offered with an established long-term tenant in place. The property is freehold, sits within an Edwardian terraced row and includes a communal rear garden and on-street parking. Annual gross income is currently £7,200 against a purchase price of £61,000, making this a clear buy-to-let prospect for investors seeking immediate rental returns.
The flat is average in size (approx. 517 sq ft) and arranged with a lounge, kitchen, one bedroom and a three-piece bathroom. The sitting tenant has paid reliably for several years and intends to remain, so purchasers should expect continued rental income but limited vacant possession flexibility. Broadband and mobile signal are reported as good.
Important negatives are straightforward: the property is in a very deprived local area, parking is on-street only, and a Buyer’s Premium will be applied to the sale process. The home appears structurally conventional for its type but is best suited to investors or developers rather than someone seeking a long-term owner-occupier project.
For investors, the appeal is immediate cashflow and entry at a modest capital cost; for developers there may be scope to explore longer-term value extraction subject to tenancy and local demand. Prospective buyers should review the Let Property Pack and tenancy documentation before proceeding to confirm rent, repairs responsibility and any sale conditions.
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