Low-cost, ready-to-let 1-bed flat with strong local rental demand.
Freehold 1-bedroom ground-floor flat, newly refurbished
This newly refurbished one-bedroom ground-floor flat in Newmilns is presented as a low-cost, ready-to-let buy-to-let. Renovation works inside are complete, and the flat benefits from double glazing and gas central heating, making it straightforward to place a tenant quickly.
The property is freehold and sold at auction, with a projected rental range of £400–£450 pcm (£4,800–£5,400 pa). Its location suits commuters: around 10–15 minutes to Kilmarnock, with easy access to the M77 for connections to Glasgow and Ayr, which supports persistent local rental demand.
Buyers should note material points: the property will be sold under auction terms, broadband speeds in the area are reported slow, and the local area is classified as very deprived. Externally, the terrace has an older stone façade that may need ongoing maintenance despite the flat’s internal refurbishment. Council Tax is low (Band A), which helps tenant affordability and net yield.
For an investor seeking a low-entry-price rental with immediate let potential, this flat offers clear income prospects and straightforward management. Be aware of the auction process, local economic factors, and possible exterior upkeep when calculating total returns.