Summary - 3 Nelson Street, Tenanted Investment, Newmilns KA16 9AP
1 bed 1 bath Flat
Freehold one-bedroom let with settled tenant and strong commuter connections.
Immediate income: tenant pays £399 per month
A low-cost, income-producing investment close to commuter links. This freehold, one-bedroom first-floor flat is sold with a settled tenant on a periodic tenancy (PRT) paying £399 pcm, providing immediate income and an attractive gross return versus the £23,500 guide price.
The property occupies a Victorian mid-terrace building with straightforward, basic interiors: white walls, brown carpet, standard ceilings and mid-20th century radiators. There is no visible garden or garage and the accommodation will suit a buy-to-let landlord seeking a hands-off, let-ready asset rather than a renovation project.
Location supports rental demand — Newmilns is popular with commuters to Kilmarnock and Glasgow, with easy access to the M77 and local amenities. Broadband speeds are average while mobile signal is excellent. Note the wider area is classified as very deprived, which can influence tenant mix and long-term capital growth.
This lot will be sold at auction and the property is offered with the sitting tenant in place. Buyers should factor in auction terms, the existing tenancy, and the property’s basic decorative state when assessing post-purchase plans or potential rent uplift.
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