Summary - 24A, NELSON STREET, NEWMILNS KA16 9AP
1 bed 1 bath Flat
One-bed BRRR auction lot with garden and strong rental yield potential.
Guide price advertised at £32,000 (internal price field shows £22,000)
This one-bedroom flat in Newmilns is presented as a BRRR-friendly auction lot with a low guide price, aiming squarely at cashflow-driven investors and developers who can complete straightforward works. Set within a traditional terraced Victorian cottage, the property offers a private garden and layout of hallway, living room, kitchen, bedroom and bathroom once refurbished.
Mechanicals are partially modernised — the lot description records a recent rewire and new boiler — but the flat still requires renovation throughout. Kitchen and bathroom need replacement or full refurbishment, some cosmetic and structural repair is likely, and the property is sold at auction as seen. The flat’s location in a very deprived area of Newmilns is balanced by strong rental comparables locally.
The marketing sets a guide price of £32,000 (internal price field shows £22,000) and projects rental income of £500–£550 pcm (£6,000–£6,600 pa). Using the guide price this equates to an estimated gross yield of about 18.7–20.6%. The lot is freehold, has no flood risk, average broadband, excellent mobile signal and low council tax — factors that support easy lettings after works.
This is a clear renovation play: investors should budget for kitchen and bathroom replacement, cosmetic redecoration and any unseen repairs discovered during strip-out. The auction route and the property’s ADS threshold status mean buyers should be ready to move quickly and allow for typical auction sale timescales.
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