1 bed flat

Prime Property Auctions presents a spacious 1-bedroom flat in the sought-after area of Newmilns, Ayrshire, with a guide price of £32,000. The property is currently tenanted at £425 per month and has the potential to command a rental income of £500-£550 per month, providing a high yield of 18.7-20.6% based on the guide price. The property requires renovation and has recently been rewired and has a new boiler installed. With historic sales evidence of nearby properties selling for £60,000 and £89,000, this property offers a rare BRRR opportunity for shrewd investors or developers. The property is located in a peaceful yet vibrant community, with local shops, cafes, and pubs in the town centre and scenic countryside nearby.