2 Bed Flat, Single Let, Hamilton, ML3 9PU, £57,500

25 Birnam Place, Hamilton, ML3 9PU - a year ago

BTL

ROI: 14%

~68 m²

+4 photos

ValuationOvervalued

Sold Prices	£26K - £125K

Square Metres	~68.11 m²
Value Estimate	£51,250£51,250

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£14,375£14,375
Stamp Duty & Legal Fees	£2,925£2,925
Total Cash In	£17,300£17,300

Cash Out
Rent Range	£550 - £1,150£550 - £1,150
Rent Estimate	£500
Running Costs/mo	£300£300
Cashflow/mo	£200£200
Cashflow/yr	£2,404£2,404
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

21 sold prices from £26K to £125K, average is £62K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£26K	01/21	0.32 mi	99, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NR	-	-	2	Flat
£36.3K	08/21	0.33 mi	46, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NP	-	-	2	Flat
£70K	10/21	0.42 mi	47, Gordon Road, Hamilton, Lanarkshire ML3 9LG	-	-	2	Flat
£64K	04/21	0.44 mi	4, Mayfield Road, Hamilton, Lanarkshire ML3 9LN	-	-	2	Flat
£50K	11/21	0.46 mi	159, Hill Street, Hamilton, Lanarkshire ML3 9LJ	-	-	2	Flat
£66.5K	07/21	0.47 mi	8, Livingstone Street, Hamilton ML3 9LW	-	-	2	Flat
£67K	07/21	0.58 mi	104, Kenilworth Crescent, Hamilton ML3 9LT	-	-	2	Flat
£67K	06/21	0.61 mi	11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB	-	-	2	Flat
£59.5K	01/21	0.63 mi	50, King Street, Hamilton, Lanarkshire ML3 9JH	-	-	2	Flat
£45K	03/21	0.71 mi	57, Auchintibber Court, Blantyre, Glasgow, Lanark G72 0YW	-	-	2	Flat
£60K	09/21	0.8 mi	54, Roseberry Place, Hamilton, Lanarkshire ML3 9EP	-	-	2	Flat
£71K	12/21	0.83 mi	168, Glasgow Road, Hamilton, Lanarkshire ML3 0QZ	-	-	2	Flat
£43K	11/21	0.84 mi	261, Glasgow Road, Hamilton ML3 0QG	-	-	2	Flat
£50K	05/21	0.85 mi	40, George Court, Hamilton, Lanarkshire ML3 9HG	-	-	2	Flat
£57.6K	05/21	0.86 mi	60, Marswood Green, Hamilton, Lanarkshire ML3 9EE	-	-	2	Flat
£68K	10/21	0.87 mi	22, Crawford Street, Hamilton ML3 0QH	-	-	2	Flat
£62K	12/21	0.89 mi	9, George Court, Hamilton ML3 0NX	-	-	2	Flat
£125K	03/24	0.91 mi	19, Coll Lea, Hamilton, Lan ML3 8BW	-	-	2	Flat
£70K	08/21	0.93 mi	53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU	-	-	2	Flat
£75K	09/21	0.94 mi	134, Victoria Street, Blantyre, Glasgow, Lanark G72 0EF	-	-	2	Flat
£55K	04/21	0.97 mi	39, Holyrood Street, Hamilton, Lanarkshire ML3 0NG	-	-	2	Flat

Local Rents

19 rents from £550/mo to £1.1K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£750	11/24	0.02 mi	-	2	Terraced House
£725	12/24	0.02 mi	-	2	Terraced House
£550	05/24	0.06 mi	Thornhill Road, Hamilton	2	Flat
£800	05/24	0.09 mi	Belhaven Road, Hamilton	2	Terraced House
£595	03/24	0.13 mi	Fleming Way, Hamilton, ML3	2	Flat
£795	05/24	0.14 mi	Townhill Road, Hamilton, ML3	2	Flat
£825	02/25	0.2 mi	-	2	Terraced House
£960	02/25	0.22 mi	-	2	Semi-Detached House
£1,150	05/24	0.22 mi	-	2	Terraced House
£1,150	05/24	0.22 mi	Shaw Drive, Hamilton, ML3	2	Terraced House
£1,000	12/24	0.24 mi	-	2	Semi-Detached House
£695	05/24	0.26 mi	Fleming Court, Hamilton	2	Flat
£780	12/23	0.28 mi	-	2	Flat
£695	02/24	0.36 mi	-	2	Flat
£650	06/24	0.46 mi	Gordon Terrace, Hamilton	2	Flat
£650	05/24	0.48 mi	-	2	Flat
£650	05/24	0.48 mi	-	2	Flat
£675	12/24	0.48 mi	Kenilworth Crescent, Hamilton	2	Flat
£925	03/25	0.57 mi	-	2	Terraced House

Local Area Statistics

Population in Hamilton	51,58551,585
Town centre distance	1.68 miles away1.68 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.36 miles away1.36 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £57,500

January 29, 2024

Description

WELL PRESENTED 2 Bedroom flat (SOLD WITH SITTING TENANT) - Available for immediate purchase - READY LET AT £500pcm (£6000per annum) 10% YIELD.

Comprises; Entrance Hallway, Lounge, Kitchen, Bedrooms, Bathroom and ample storage - Newly fitted Boiler & Kitchen - GREAT CONDITION

The flat is perfectly located for gaining access to all amenities in Hamilton. The property is within walking distance of local restaurants and coffee shops. The location is close to motorway links and is near the University of the West of Scotland, Lanarkshire campus.

Agent Details

We Auction Property, Glasgow

0141 673 3938

Next Steps?

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