Immediate income property for hands-on investors seeking short-term rental uplift.
Tenanted 1-bed flat generating £349 pcm (£4,188 pa)
This one-bedroom flat in central Newmilns offers a clear, low-entry investment with an existing tenant in place. Sold at auction on 02 October 2025, the property produces a current rental income of £349 pcm (£4,188 pa) and sits in a town with steady tenant demand and good commuter links to Kilmarnock, Ayr and Glasgow.
The building is a Victorian terrace with a modernised kitchen; the flat is presented as a straightforward buy-to-let with immediate income. There is short-term uplift potential—market rents in the area could reach around £400 pcm—so a modest rent increase or small improvements could improve yield.
Important practical points: the property will be sold at auction and the tenure is listed as unknown, so buyers should carry out legal and title checks before bidding. Broadband speeds are slow and the local area records high deprivation levels; those factors can affect tenant profiles and management requirements.
Overall this is a low-cost entry for investors seeking an income-producing Scottish flat with commuter access and rental reversion potential, but it suits buyers prepared to accept the auction process, potential management overheads and a property in a very deprived area.