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One-bedroom turn-key investment property

Newmilns, KA16 - Get Access

1 bed 1 bath

Description

Large one-bedroom property located in a popular buy-to-let location, offering a turn-key investment opportunity. The accommodation comprises an entrance hall, a spacious living room, a double bedroom, a kitchen, and a bathroom. The property benefits from double glazing and gas central heating, and is registered under council tax band B. Having recently been renovated, the property is presented in walk-in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. Situated on a popular street favoured by buy-to-let landlords and owner-occupiers alike, the property is located near a variety of local amenities including popular coffee shops, bars, and restaurants, with local schools nearby. Comparable local sales include 21 Queen's Crescent, Greenholm, Newmilns, which sold for £89,000, 17 Riverbank Street, Greenholm, Newmilns, which sold for £95,000, and 19 Covenanters Court, Newmilns, which sold for £75,000. The property is currently capable of achieving £425 per month (£5,100 per annum) in rental income, delivering an estimated gross yield of 16% based on the guide price of £32,000. This affordable investment is sure to appeal to landlords seeking high-yielding returns.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 520 sq ft

This one-bedroom flat on Loudoun Road was valued by examining local market evidence for similar apartments in Newmilns. The analysis applies local transaction rates per square foot to the property's estimated 520 sq ft internal area. Condition was factored in by reviewing interior imagery, confirming the property is in good, habitable order with modern finishes.

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