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One-bedroom flat requiring full renovation

Newmilns, KA16 - Get Access

1 bed

Description

Prime Property Auctions brings to market this one-bedroom flat located in a central location in Newmilns. The property comprises an entrance hallway, living room, WC, kitchen, and one bedroom. The property requires full renovation prior to habitation and offers fantastic capital growth potential, making it an ideal opportunity for property investors and owner-occupiers. The property is currently tenanted at £400 per calendar month, with potential to attract £450 to £475 per calendar month (£5,400 to £5,700 per annum). Newmilns is a quaint town characterized by its historical charm and close-knit community, originally established as a weaving and textile hub. Surrounded by the picturesque Ayrshire countryside, the town offers a tranquil setting with historical architecture and green spaces such as Jamieson Park. The location is near local amenities including coffee shops, bars, restaurants, and local schools.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 475 sq ft

This one-bedroom flat, located in a central town setting, was assessed using recent transactions of similar apartments on the same street. The property's estimated internal floor area of 475 sq ft serves as the baseline for applying local square footage rates. The condition requires comprehensive modernisation, with observed damp, plaster damage, and outdated fixtures factored in through a targeted repair adjustment.

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