1-bedroom flat · KA7 2UY
For saleListed 20 daysAuction 28 Oct · in 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Online Auction. 28th of October 2026.
Town & Country Property Auctions presents a currently tenanted 1-bed flat from £50,000 with up to £28,200 annual rental potential on Ayr Racecourse Road!
Description Currently Tenanted Income From Day One Flat 1, Millearn Apartments, 42 Racecourse Road, Ayr, South Ayrshire, KA7 2UY 1 Bedroom Flat Guide Price: £50,000 Income Potential Long-Term Rental: Approx.
£540 PCM (£6,480 per year) currently tenanted Short-Term Let / Airbnb: Approx.
£28,200 per year The Opportunity Sold with a tenant already in place, this flat delivers rental income from completion with no void period.
Set on Racecourse Road, right by Ayr Racecourse, and just a short walk from Ayr Beach and the town centre, the location benefits from Ayr's frequent 50-minute rail link to Glasgow Central, easy access to Prestwick Airport, and strong year-round visitor demand from race meetings and coastal tourism.
A low-cost entry point into the Ayrshire rental and short-let market. Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.
To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
Pre Auction Offers Are Considered The seller is open to considering pre-auction bids, providing interested purchasers with the opportunity to secure the property before the auction date.
Any acceptable offer received may result in the property being sold prior to auction, offering a keen buyer the chance to guarantee their purchase and avoid competitive bidding on auction day.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Flat 1 Millearn Apartments, 42 Racecourse Road, Ayr, South Ayrshire, KA7 2UY
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