£28,750
Studio for sale52D Loudoun Road, Newmilns, East Ayrshire KA16
Just added
Auction
Freehold
About this property
12.8% yield
Potential to increase rent slightly
Perfect buy to let portfolio addition
High demand rental location
Popular commuter town
Tenanted one bedroom property in Newmilns with tenant paying £349 per month (£4,188 per annum). Perfect addition to buy to let portfolio with attractive yield of 12.8%.
The flat is comprised of an entrance hallway, double bedroom, bathroom and an open plan living room and kitchen. The current tenant is paying £349 per month with scope to possibly increase to around £425-£450 pcm.
Newmilns is a popular commuter destination with good links via road and public transport to the major town of Kilmarnock. There are also excellent links to Glasgow via the M77 which sits just 10 minutes from the property.
Local Sales- *** 21, Queen's Crescent, Greenholm, Newmilns KA16 9HP sold for £89,000,17, Riverbank Street, Greenholm, Newmilns KA16 9HL sold for £95,000,19, Covenanters Court, Newmilns KA16 9ET sold for £75,000. ***
This lot will be sold under auction terms and conditions by Braveheart Auctions.
Speak to one of our dedicated team today for more information or visit our website.
Be Brave...Follow Your Heart
Braveheart Auctions hold land and property auctions every 2 weeks.
Do you know someone with a problem property?
Pass the details to Braveheart Auctions- We will sell it and we will pay you for the referral.
12.8% yield
Potential to increase rent slightly
Perfect buy to let portfolio addition
High demand rental location
Popular commuter town
The flat is comprised of an entrance hallway, double bedroom, bathroom and an open plan living room and kitchen. The current tenant is paying £349 per month with scope to possibly increase to around £425-£450 pcm.
Newmilns is a popular commuter destination with good links via road and public transport to the major town of Kilmarnock. There are also excellent links to Glasgow via the M77 which sits just 10 minutes from the property.
Local Sales- *** 21, Queen's Crescent, Greenholm, Newmilns KA16 9HP sold for £89,000,17, Riverbank Street, Greenholm, Newmilns KA16 9HL sold for £95,000,19, Covenanters Court, Newmilns KA16 9ET sold for £75,000. ***
This lot will be sold under auction terms and conditions by Braveheart Auctions.
Speak to one of our dedicated team today for more information or visit our website.
Be Brave...Follow Your Heart
Braveheart Auctions hold land and property auctions every 2 weeks.
Do you know someone with a problem property?
Pass the details to Braveheart Auctions- We will sell it and we will pay you for the referral.
12.8% yield
Potential to increase rent slightly
Perfect buy to let portfolio addition
High demand rental location
Popular commuter town
Mortgage calculator
Monthly repayment
£143 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}