2 Bed Flat, Single Let, Hamilton, ML3 7JB, £79,950

High Patrick Street, Hamilton, ML3 7JB - 9 months ago

BTL

ROI: 13%

~68 m²

+1 photos

ValuationOvervalued

Sold Prices	£50K - £158K

Square Metres	~68.11 m²
Value Estimate	£64,000£64,000

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£19,988£19,988
Stamp Duty & Legal Fees	£3,599£3,599
Total Cash In	£23,586£23,586

Cash Out
Rent Range	£580 - £1,295£580 - £1,295
Rent Estimate	£645
Running Costs/mo	£399£399
Cashflow/mo	£246£246
Cashflow/yr	£2,954£2,954
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

25 sold prices from £50K to £158K, average is £85K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£105K	03/21	0.19 mi	8, Kemp Court, Hamilton, Lanarkshire ML3 6QF	-	-	2	Flat
£122K	05/21	0.28 mi	3, Avonbridge Drive, Hamilton, Lanarkshire ML3 7EG	-	-	2	Flat
£95K	11/21	0.3 mi	36a, Cadzow Street, Hamilton ML3 6DG	-	-	2	Flat
£70K	12/21	0.32 mi	24, Orchard Street, Hamilton, Lanarkshire ML3 6PB	-	-	2	Flat
£138K	06/21	0.36 mi	52, Woodburn Park, Hamilton ML3 6AL	-	-	2	Flat
£80K	11/21	0.37 mi	23, Common Green, Hamilton, Lanarkshire ML3 6BL	-	-	2	Flat
£155K	08/21	0.37 mi	2/7, Park Road, Hamilton, Lanarkshire ML3 6PD	-	-	2	Flat
£158K	08/21	0.37 mi	19/6, Union Street, Hamilton, Lanarkshire ML3 6PD	-	-	2	Flat
£50K	01/21	0.4 mi	25, Wylie Street, Hamilton, Lanarkshire ML3 6RL	-	-	2	Flat
£56K	10/21	0.45 mi	4, Grammar School Square, Hamilton, Lanarkshire ML3 6BE	-	-	2	Flat
£131K	05/21	0.49 mi	9, Muirhill Court, Hamilton ML3 6DR	-	-	2	Flat
£85K	02/21	0.54 mi	7, Saffronhall Lane, Hamilton, Lan ML3 6LS	-	-	2	Flat
£64K	03/21	0.61 mi	111, Alness Street, Hamilton, Lanarkshire ML3 6TQ	-	-	2	Flat
£100.6K	01/21	0.72 mi	8 Cadzow Houses, The Furlongs, Hamilton, Lanarkshire ML3 0DZ	-	-	2	Flat
£95K	09/21	0.73 mi	111, Hall Street, Hamilton, Lanarkshire ML3 6RY	-	-	2	Flat
£72.5K	03/24	0.74 mi	1, Mill Grove, Hamilton, Lan ML3 6TS	-	-	2	Flat
£83K	08/21	0.76 mi	88, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£64K	08/21	0.77 mi	94, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£70K	02/21	0.79 mi	66, Mill Road, Hamilton, Lan ML3 8HX	-	-	2	Flat
£52.5K	12/21	0.84 mi	14, Valley Court, Hamilton ML3 8HW	-	-	2	Flat
£117.5K	08/21	0.86 mi	51, Clydesdale Street, Hamilton ML3 0DD	-	-	2	Flat
£72K	08/21	0.9 mi	9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£95.3K	12/21	0.9 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£85K	03/21	0.9 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£100K	10/21	0.97 mi	127, Caird Street, Hamilton, Lanarkshire ML3 0AL	-	-	2	Flat

Local Rents

27 rents from £580/mo to £1.3K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£875	12/24	0.06 mi	-	2	Semi-Detached House
£875	06/24	0.06 mi	High Patrick Street, Hamilton, ML3	2	Semi-Detached House
£650	05/24	0.08 mi	John Street, Hamilton, South Lanarkshire, ML3	2	Flat
£600	04/25	0.09 mi	-	2	Flat
£695	03/25	0.11 mi	-	2	Flat
£795	05/24	0.17 mi	Quarry Street, Hamilton, Lanarkshire, ML3	2	Flat
£675	05/24	0.18 mi	Regent Way, Hamilton, Lanarkshire, ML3	2	Flat
£595	12/24	0.19 mi	-	2	Flat
£650	05/24	0.19 mi	Kemp Court, Hamilton, South Lanarkshire, ML3	2	Flat
£580	05/24	0.22 mi	-	2	Flat
£695	05/24	0.26 mi	Quarry Street, Hamilton	2	Flat
£925	06/24	0.29 mi	May Wynd, Hamilton	2	Flat
£675	05/24	0.32 mi	Orchard Street, Hamilton, Lanarkshire, ML3	2	Flat
£825	11/24	0.32 mi	-	2	Flat
£850	04/25	0.32 mi	-	2	Flat
£825	11/24	0.32 mi	-	2	Flat
£925	05/24	0.34 mi	Castle Street, Hamilton	2	Flat
£695	06/24	0.36 mi	Morgan Street, Hamilton	2	Flat
£650	05/24	0.37 mi	Common Green, Hamilton, South Lanarkshire, ML3 6BL	2	Flat
£750	12/24	0.37 mi	Park Road, Hamilton, Lanarkshire, ML3	2	Flat
£750	06/24	0.39 mi	Campbell Close, Hamilton, South Lanarkshire, ML3	2	Flat
£1,295	06/24	0.46 mi	Cadzow Street, Hamilton, South Lanarkshire, ML3	2	Flat
£850	05/24	0.46 mi	Auchingramont Road, Hamilton	2	Flat
£1,000	05/24	0.47 mi	Royal Drive, Hamilton	2	Flat
£795	05/24	0.5 mi	Cadzow Street, Hamilton, ML3	2	Flat
£650	06/24	0.56 mi	Glebe Street, Hamilton, Lanarkshire, ML3	2	Flat
£750	03/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in Hamilton	51,58551,585
Town centre distance	0.90 miles away0.90 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.19 miles away0.19 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 £79,950

July 18, 2024

Floor Plans

Description

Attention Investors +
Buy to Let Property +
Tenants In Place +
1 Bedroom +
Town Centre +
Strong Yield +

*INVESTMENT PROPERTY* *****Strong Yield 9.4%* *HOME REPORT £82,000* We Sell Rented Property are delighted to bring our latest investment listing to the market; a 2 bedroom flat within Hamilton town centre, which would be a great addition to any portfolio. This well maintained property offers a hassle-free investment with reliable tenants already in place. Investment Information

Current rent £7,740 per year.
Potential rent based on comparable properties in the area - £8,040
See investment schedule below for full investment information

Tenant Information

Consistently rented for over 5 years
Current tenants professional in full time employment
12 month lease agreement in place
No missed / late payments.

The accommodation consists of 2 bedroom with ample wardrobe / storage space. A spacious lounge area and a fully equipped kitchen along with a modern bathroom. Located within the busy town of Hamilton, the property has easy access to local amenities, transport links and schools in the surrounding area, making it an ideal rental location., Contact us today and seize the chance to add this tenanted 2-bedroom property to your portfolio.

EPC Rating: D

Agent Details

We Sell Rented Property, Glasgow

0141 375 9758

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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