3 Bed Flat, Single Let, Wishaw, ML2 9DL, £70,000

4 Kildonan Court, Newmains, Wishaw, ML2 9DL - 1 views - 7 months ago

Auction
BTL
ROI: 18%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£28K - £250K

 

 

Square Metres

~93 m²

Value Estimate

£42,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£500 - £1,200

Rent Estimate

£695

Running Costs/mo

£378

Cashflow/mo

£317

Cashflow/yr

£3,807

ROI

18%

Gross Yield

12%

Local Sold Prices

9 sold prices from £28K to £250K, average is £77K.

PriceDateDistanceAddressBeds 
£45K01/210.01 mi22, Fiddoch Court, Newmains, Wishaw, Lanarkshire ML2 9DT3
£39K04/210.02 mi4, Fiddoch Court, Newmains ML2 9DT3
£75K06/210.43 mi39, Stewart Crescent, Newmains, Wishaw, Lanarkshire ML2 9DJ3
£28K05/211.07 mi12, Stobo Street, Wishaw, Lanarkshire ML2 8QW3
£250K01/211.1 mi24, Bellside Road, Cleland, Motherwell, Lan ML1 5NP3
£163K01/211.96 mi50, East Thornlie Street, Wishaw, Lan ML2 8BB3
£80K04/242.4 mi27, Gowkhall Avenue, Motherwell, Lanarkshire ML1 5JF3
£77K08/212.52 mi125, High Street, Motherwell, Lanarkshire ML1 5JH3
£120K08/242.85 mi45, Gillburn Street, Wishaw, Lan ML2 0QL3

Local Rents

11 rents from £500/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89503/230.33 mi-3
£85002/240.33 mi-3
£57504/230.41 mi-3
£82505/240.47 miDouglas Crescent, Eddlewood, Hamilton3
£89504/240.69 mi-3
£1,20006/240.8 miFoulsykes Road, Wishaw, ML23
£89505/240.98 mi-3
£50006/241.03 miGreenlaw Avenue, Wishaw3
£77506/241.06 mi46 Coldstream Crescent, Coltness, Wishaw, ML2 8QL3
£85012/241.1 mi-3
£85012/241.1 mi-3

Local Area Statistics

Population in Wishaw

40,577

Town centre distance

1.47 miles away

Nearest school

0.50 miles away

Nearest train station

1.22 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £70,000

October 4, 2024

Floor Plans

Description

  • Prime Property Auctions New Entry. Large 3 bedroom flat located in sought after buy to let location. Currently tenanted at £695 pcm. *** HOME REPORT VALUATION £75,000 *** +

  • *** 20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL sold for £85,000 July 2022. This was ONLY A 2 Bedroom Excellent Capital Growth Potential *** +

  • Property is currently tenanted at £695pcm generating a gross annual income of £8,340. Incredible Yield of 11.9% if achieved for Guide of £70,000. +

  • Fantastic Opportunity. Sure to appeal to shrewd investors looking for an easily lettable property with great yield & capital growth potential. +

  • Property is located in a sought after location in Wishaw, close to local amenities and situated just a short 28 minute drive from Glasgow City Centre. PRIME LOCATION +

  • Prime Property Auctions New Entry. Large 3 bedroom flat located in sought after buy to let location. Currently tenanted at £695 pcm. * HOME REPORT VALUATION £75,000 *

  • * 20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL sold for £85,000 July 2022. This was ONLY A 2 Bedroom Excellent Capital Growth Potential *

  • Property is currently tenanted at £695pcm generating a gross annual income of £8,340. Incredible Yield of 11.9% if achieved for Guide of £70,000.

  • Fantastic Opportunity. Sure to appeal to shrewd investors looking for an easily lettable property with great yield & capital growth potential.

  • Property is located in a sought after location in Wishaw, close to local amenities and situated just a short 28 minute drive from Glasgow City Centre. *PRIME LOCATION*

 

Prime Property Auctions New Entry. Large 3 bedroom flat located in sought after buy to let location. Currently tenanted at £695 pcm. * HOME REPORT VALUATION £75,000 * Property comprises: Entrance Hallway, large open plan living room/kitchen area, bathroom and 3 bedrooms. LARGE FLAT The property is an excellent size, extends to approximately 78 sqm.

Sure to appeal to investors/landlords looking for an excellent buy to let property.               Great local sales evidence.

* 20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL sold for £85,000 July 2022. This was ONLY A 2 Bedroom Excellent Capital Growth Potential, 6 Kildonan Court, Wishaw, ML2 9DL, previously sold for £78,000 *

Property is currently tenanted at £695pcm generating a gross annual income of £8,340. Incredible Yield of 11.9% if achieved for Guide of £70,000. Fantastic Opportunity. Sure to appeal to shrewd investors looking for an easily lettable property with great yield & capital growth potential.

Property benefits from being recently renovated, Double Glazing, ample storage throughout, parking and shared garden access. Sure to appeal to investors and buy-to-let landlords - gives an impressive return of 11.9%** if purchased at Guide Price of £70,000. Currently managed by a reputable professional letting agency.

 

High yielding investment property. * EASY RENTAL PROPERTY *

 

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:

 

Wishaw, located in North Lanarkshire, Scotland, is a town known for its strong community spirit and convenient location. It offers easy access to both Glasgow and Edinburgh via major roadways and rail links, making it ideal for commuters. The town has a variety of amenities, including schools, healthcare facilities, and leisure options such as parks and sports centres. Property prices are relatively affordable compared to nearby cities, attracting first-time buyers and investors. Its mix of suburban living and proximity to urban areas makes Wishaw a popular choice for families and professionals alike.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

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