2 Bed Flat, Single Let, Wishaw, ML2 7BL, £55,000

211C28 Kirk Road, Wishaw - 9 months ago

Sold STC

BTL

ROI: 19%

~104 m²

+9 photos

ValuationOvervalued

Sold Prices	£42K - £114.2K

Square Metres	~104 m²
Value Estimate	£49,250£49,250

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£3,950£3,950
Total Cash In	£17,700£17,700

Cash Out
Rent Range	£550 - £850£550 - £850
Rent Estimate	£595
Running Costs/mo	£311£311
Cashflow/mo	£284£284
Cashflow/yr	£3,410£3,410
ROI	19%19%
Gross Yield	13%13%

Local Sold Prices

33 sold prices from £42K to £114.2K, average is £72.5K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£50K	12/21	0.02 mi	5, Kirk Road, Wishaw, Lanarkshire ML2 7BL	-	-	2	Flat
£69K	05/21	0.1 mi	59, Russell Street, Wishaw, Lanarkshire ML2 7AL	-	-	2	Flat
£72.5K	09/21	0.18 mi	111, Russell Street, Wishaw, Lanark ML2 7AP	-	-	2	Flat
£107K	04/21	0.22 mi	75b, Belhaven Terrace, Wishaw, Lanarkshire ML2 7AY	-	-	2	Flat
£85K	06/21	0.23 mi	5, Harestone Road, Wishaw ML2 8DB	-	-	2	Flat
£90K	04/21	0.25 mi	27, Devine Court, Wishaw, Lanarkshire ML2 7ES	-	-	2	Flat
£85K	09/21	0.25 mi	19, Devine Court, Wishaw ML2 7ES	-	-	2	Flat
£114.2K	04/24	0.26 mi	22, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU	-	-	2	Flat
£82.5K	07/21	0.26 mi	40, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU	-	-	2	Flat
£57K	02/21	0.26 mi	24, Ivanhoe Crescent, Wishaw, Lan ML2 7DZ	-	-	2	Flat
£83K	11/21	0.29 mi	70, Miller Street, Wishaw ML2 7BB	-	-	2	Flat
£70K	05/21	0.38 mi	105, Ivanhoe Crescent, Wishaw, Lanarkshire ML2 7DT	-	-	2	Flat
£71K	06/21	0.4 mi	94, Waverley Drive, Wishaw, Lanarkshire ML2 7DR	-	-	2	Flat
£67K	03/21	0.4 mi	106, Waverley Drive, Wishaw, Lanarkshire ML2 7DR	-	-	2	Flat
£42K	06/24	0.43 mi	55, Beechwood Crescent, Wishaw, Lanarkshire ML2 8JF	-	-	2	Flat
£74K	07/21	0.45 mi	131, Marshall Street, Wishaw, Lanarkshire ML2 7NR	-	-	2	Flat
£83K	05/21	0.48 mi	17, Anderson Court, Wishaw, Lanark ML2 7PD	-	-	2	Flat
£60K	02/21	0.5 mi	7, Cleland Road, Wishaw, Lan ML2 7PH	-	-	2	Flat
£56.5K	11/21	0.62 mi	3, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£63.5K	05/21	0.62 mi	11, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£85K	08/24	0.63 mi	7, Cheviot Crescent, Wishaw, Lan ML2 7PN	-	-	2	Flat
£85K	06/21	0.63 mi	55, Cheviot Crescent, Wishaw, Lanarkshire ML2 7PN	-	-	2	Flat
£70K	08/24	0.65 mi	29 Goldcrest Court, Millbank Road, Wishaw, Lan ML2 0JE	-	-	2	Flat
£72K	06/21	0.66 mi	4, Goldcrest Court, Wishaw, Lanarkshire ML2 0JE	-	-	2	Flat
£75K	10/21	0.66 mi	22, Reynolds Path, Wishaw, Lanarkshire ML2 8AY	-	-	2	Flat
£68K	02/21	0.66 mi	14, Reynolds Path, Wishaw, Lanarkshire ML2 8AY	-	-	2	Flat
£60K	02/21	0.74 mi	31, Thrashbush Road, Wishaw, Lan ML2 8LN	-	-	2	Flat
£93K	12/21	0.75 mi	11, Berriedale Quad, Wishaw ML2 7YY	-	-	2	Flat
£75K	01/21	0.81 mi	6, Banchory Road, Wishaw, Lan ML2 7YX	-	-	2	Flat
£74K	12/21	0.82 mi	115, Wishaw Road, Wishaw, Lanarkshire ML2 8EA	-	-	2	Flat
£85K	04/24	0.84 mi	77, Burnhall Place, Wishaw, Lanarkshire ML2 8EE	-	-	2	Flat
£60K	06/21	0.96 mi	16a, Clarendon Road, Wishaw ML2 0AW	-	-	2	Flat
£63K	06/21	1 mi	12a, Oakbank Avenue, Wishaw, Lanarkshire ML2 0AL	-	-	2	Flat

Local Rents

18 rents from £550/mo to £850/mo, average is £685/mo.

Rent	Date	Distance	Address	Beds	Type
£650	06/24	0.01 mi	Wellington Street, Wishaw, ML2	2	Flat
£595	06/24	0.08 mi	57 Main Street, Wishaw, ML2 7AB	2	Flat
£795	05/24	0.18 mi	Main Street, Wishaw, Lanarkshire, ML2	2	Flat
£700	08/24	0.22 mi	-	2	Flat
£700	12/24	0.27 mi	-	2	Flat
£650	10/23	0.28 mi	-	2	Flat
£650	07/24	0.28 mi	-	2	Flat
£695	11/24	0.36 mi	-	2	Flat
£700	04/25	0.38 mi	-	2	Flat
£625	05/24	0.38 mi	Ivanhoe Crescent, Wishaw, Lanarkshire, ML2	2	Flat
£850	07/24	0.44 mi	-	2	Terraced House
£700	04/25	0.44 mi	-	2	Flat
£550	05/24	0.45 mi	45 Beechwood Crescent, Wishaw, ML2 8JF	2	Flat
£675	12/24	0.46 mi	-	2	Flat
£725	10/24	0.46 mi	-	2	Flat
£725	04/25	0.46 mi	-	2	Flat
£595	07/24	0.46 mi	-	2	Flat
£650	12/24	0.48 mi	-	2	Flat

Local Area Statistics

Population in Wishaw	40,57740,577
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental growth (12m)	+14%+14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £55,000

August 2, 2024

Floor Plans

Description

Two Bedroom Top Floor Flat +
Modern Fitted Kitchen +
Family Bathroom +
Gas Central Heating +
Double Glazing +
Secure Door Entry +
Rear Courtyard +
Close to Local Amenities and Transport Links +

Located in a central location within the town of Wishaw and providing bright and airy accommodation throughout, lies this two bedroom top floor flat.

This spacious top floor apartment comprises of an entrance hallway, two bedrooms with neutral colour decor and space for furniture, a front facing lounge allowing for plenty of natural daylight, a family bathroom consisting of a WC, wash hand basin and bath with overhead mixer shower, a modern kitchen dining area with fitted wall and floor mounted units and built in oven and gas hob.

The property also benefits from gas central heating, double glazed windows throughout and secure door entry via rear courtyard.

Wishaw offers a great selection of shops, bars, restaurants and leisure facilities. It is perfectly located for the commuter, with the M74/M8 providing convenient access to the central belt. The town also offers excellent public transport, with train and bus services providing links to the surrounding areas.

Agent Details

Fred Estate Agents, Motherwell

01698 538991

Next Steps?

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

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