We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · KA16 9AP
For saleReduced £5k (−50%) on 15 OctListed 762 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prime Property Auctions is excited to present this excellent brrr opportunity, a spacious 1 bed flat, located in the sought after area of Newmilns.
***Guide Price of £32,000*** ***12, Nelson Street, Newmilns, KA169AP sold for £89,000,28, Brown Street, Newmilns, Ayrshire KA16 9AA sold for £60,0000*** Property is currently tenanted at £425 p/m.
Could command a rental income of 500 - 550 pcm / £6000 - £6600. Excellent yield potential.
***high yielding potential*** Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ads threshold Property requires renovation.
Sure to appeal to shrewd investors or developers looking for a rare project and excellent brrr opportunity.
Prime Property Auctions is excited to present this excellent brrr opportunity, a spacious 1 bed flat, located in the sought after area of Newmilns.
***Guide Price of £32,000*** Property Comprises: Hallway Entrance, 1 Bedroom, Bathroom, Kitchen, Living Room, Spacious Garden. Needs Modernisation/Renovation.
recently rewired and new boiler installed.
Historic Sales Evidence: ******12, Nelson Street, Newmilns, KA169AP sold for £89,000,28, Brown Street, Newmilns, Ayrshire KA16 9AA sold for £60,0000*** Once fully renovated, the property could command a rental income of 500 - 550 pcm / £6000 - £6600, which could provide an exceptional gross yield of 18.7- 20.6% based on guide price of £32,000.
***high yielding potential*** Property requires renovation, is guided at £32,000 to ensure prompt sale and is also under ads threshold Property requires light renovation.
Sure to appeal to shrewd investors or developers looking for a rare project and excellent brrr opportunity. This lot is open to immediate offers.
Should you wish to offer now, you can do so via our “Offer Now” button on our website. This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created please contact the team.
Location: Newmilns, nestled in the beautiful Irvine Valley of East Ayrshire, is a historic town that blends its rich heritage with modern charm.
Known for its traditional sandstone buildings and scenic surroundings, Newmilns offers a peaceful yet vibrant community atmosphere.
The town centre features local shops, cafes, and pubs, while the nearby countryside provides plenty of opportunities for outdoor activities such as walking and cycling.
Steeped in history, with roots in Scotland's weaving industry, Newmilns retains its unique character while offering the comforts of modern living.
It's an inviting place where history, nature, and community spirit come together.
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.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About 24B, Nelson Street, Newmilns
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