Guide price
£9,000
1 bed flat for sale40A Old Mill Road, Kilmarnock, East Ayrshire KA1
1 bed
About this property
Outstanding investment opportunity. Low cost
Main door flat. Preferred first floor position.
Significant potential to add value through refurbishment.
Major roof repairs undertaken. Plastering completed where required.
Potential rental income £4,800 to £5,400 per annum following refurbishment.
Excellent rental location with high tenant demand.
Central location. Close to town centre, college, bus and train links.
Bid now! To avoid missing out
An excellent opportunity for investors, developers and property traders seeking a low-cost project for resale or retention.
Accommodation comprises a combined lounge/bedroom, separate kitchen and bathroom. The property requires refurbishment.
Some major works have already been completed with plastering already completed where required and significant roof repairs undertaken. A blank canvas with scope to upgrade the accommodation and realise the massive level of potential.
Located close to Kilmarnock town centre, bus station and college, with easy access to the train station. Major employers in the surrounding area include Crosshouse Hospital, while road and rail connections provide access to Glasgow.
The area enjoys an extremely strong rental demand and following refurbishment the property should easily achieve a rental income of £400- £450 per month (£4,800- £5,400 per year) giving an outstanding return on investment.
The low guide price and works already undertaken make this a strong prospect for buyers looking to add value through refurbishment, whether trading on completion or retaining as a rental investment.
Property of this type at this price point is rarely available in in fast growing and highly desirable town like Kilmarnock so interest is certain to be high.
Kilmarnock has recorded strong recent house price growth, with average prices rising 7.2% in the year to July 2026, outperforming the Scottish average of 2.3%. An attractive market for investors seeking opportunities to add value through refurbishment.
This has been driven by the number of new developments and excellent access to Glasgow, Ayr and Prestwick International Airport.
Nearby Kilmarnock train station offers hourly services to Glasgow and frequent services to Ayr.
Kilmarnock boasts of a large bus station offering alternative routes in and out of Kilmarnock all across Ayrshire and beyond.
This makes Kilmarnock an appealing central hub for commuters and students alike to be able to easily access many different facilities and opportunities while still having many amenities and attractions right on their doorstep.
Recent Sales Prices:
22 Old Mill Road - April 2026 - £50,000
Flat 1 10 Old Mill Road - Nov 2025- £53,000
40D Old Mill Road - Sept 2025 - £38,000
40F Old Mill Road - July 2025 - £41,500
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.
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