2 Bed Flat, Single Let, Wishaw, ML2 7DT, £82,000

Ivanhoe Crescent, Wishaw, ML2 7DT - 6 months ago

Under Offer

BTL

ROI: 10%

~52 m²

+17 photos

ValuationOvervalued

Sold Prices	£42K - £114.2K

Square Metres	~51.60 m²
Value Estimate	£71,750£71,750

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,500£20,500
Stamp Duty & Legal Fees	£5,300£5,300
Total Cash In	£25,800£25,800

Cash Out
Rent Range	£550 - £895£550 - £895
Rent Estimate	£603
Running Costs/mo	£397£397
Cashflow/mo	£206£206
Cashflow/yr	£2,474£2,474
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

30 sold prices from £42K to £114.2K, average is £74K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	05/21	0 mi	105, Ivanhoe Crescent, Wishaw, Lanarkshire ML2 7DT	-	-	2	Flat
£71K	06/21	0.03 mi	94, Waverley Drive, Wishaw, Lanarkshire ML2 7DR	-	-	2	Flat
£67K	03/21	0.03 mi	106, Waverley Drive, Wishaw, Lanarkshire ML2 7DR	-	-	2	Flat
£114.2K	04/24	0.11 mi	22, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU	-	-	2	Flat
£82.5K	07/21	0.11 mi	40, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU	-	-	2	Flat
£90K	04/21	0.13 mi	27, Devine Court, Wishaw, Lanarkshire ML2 7ES	-	-	2	Flat
£85K	09/21	0.13 mi	19, Devine Court, Wishaw ML2 7ES	-	-	2	Flat
£57K	02/21	0.16 mi	24, Ivanhoe Crescent, Wishaw, Lan ML2 7DZ	-	-	2	Flat
£85K	06/21	0.35 mi	5, Harestone Road, Wishaw ML2 8DB	-	-	2	Flat
£42K	06/24	0.37 mi	55, Beechwood Crescent, Wishaw, Lanarkshire ML2 8JF	-	-	2	Flat
£50K	12/21	0.39 mi	5, Kirk Road, Wishaw, Lanarkshire ML2 7BL	-	-	2	Flat
£60K	02/21	0.4 mi	31, Thrashbush Road, Wishaw, Lan ML2 8LN	-	-	2	Flat
£69K	05/21	0.45 mi	59, Russell Street, Wishaw, Lanarkshire ML2 7AL	-	-	2	Flat
£93K	12/21	0.5 mi	11, Berriedale Quad, Wishaw ML2 7YY	-	-	2	Flat
£107K	04/21	0.53 mi	75b, Belhaven Terrace, Wishaw, Lanarkshire ML2 7AY	-	-	2	Flat
£75K	01/21	0.55 mi	6, Banchory Road, Wishaw, Lan ML2 7YX	-	-	2	Flat
£72.5K	09/21	0.55 mi	111, Russell Street, Wishaw, Lanark ML2 7AP	-	-	2	Flat
£83K	11/21	0.61 mi	70, Miller Street, Wishaw ML2 7BB	-	-	2	Flat
£83K	05/21	0.68 mi	17, Anderson Court, Wishaw, Lanark ML2 7PD	-	-	2	Flat
£75K	10/21	0.69 mi	22, Reynolds Path, Wishaw, Lanarkshire ML2 8AY	-	-	2	Flat
£68K	02/21	0.69 mi	14, Reynolds Path, Wishaw, Lanarkshire ML2 8AY	-	-	2	Flat
£60K	02/21	0.7 mi	7, Cleland Road, Wishaw, Lan ML2 7PH	-	-	2	Flat
£74K	07/21	0.71 mi	131, Marshall Street, Wishaw, Lanarkshire ML2 7NR	-	-	2	Flat
£85K	08/24	0.79 mi	7, Cheviot Crescent, Wishaw, Lan ML2 7PN	-	-	2	Flat
£85K	06/21	0.79 mi	55, Cheviot Crescent, Wishaw, Lanarkshire ML2 7PN	-	-	2	Flat
£56.5K	11/21	0.82 mi	3, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£63.5K	05/21	0.82 mi	11, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£48K	08/24	0.84 mi	88, Eastmuir Street, Wishaw, Lan ML2 8PX	-	-	2	Flat
£85K	04/24	0.91 mi	77, Burnhall Place, Wishaw, Lanarkshire ML2 8EE	-	-	2	Flat
£74K	12/21	0.92 mi	115, Wishaw Road, Wishaw, Lanarkshire ML2 8EA	-	-	2	Flat

Local Rents

21 rents from £550/mo to £895/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£700	04/25	0 mi	-	2	Flat
£625	05/24	0 mi	Ivanhoe Crescent, Wishaw, Lanarkshire, ML2	2	Flat
£650	12/24	0.1 mi	-	2	Flat
£675	12/24	0.11 mi	-	2	Flat
£725	10/24	0.11 mi	-	2	Flat
£725	04/25	0.11 mi	-	2	Flat
£595	07/24	0.26 mi	-	2	Flat
£695	11/24	0.29 mi	-	2	Flat
£550	05/24	0.36 mi	45 Beechwood Crescent, Wishaw, ML2 8JF	2	Flat
£650	06/24	0.37 mi	Wellington Street, Wishaw, ML2	2	Flat
£595	06/24	0.41 mi	57 Main Street, Wishaw, ML2 7AB	2	Flat
£795	05/24	0.44 mi	Main Street, Wishaw, Lanarkshire, ML2	2	Flat
£700	08/24	0.47 mi	-	2	Flat
£625	06/24	0.49 mi	46 Northmuir Drive, Wishaw, ML2 8NS	2	Flat
£795	11/23	0.5 mi	-	2	Terraced House
£895	10/24	0.5 mi	-	2	Terraced House
£750	09/23	0.57 mi	-	2	Terraced House
£750	10/24	0.57 mi	-	2	Terraced House
£650	10/23	0.58 mi	-	2	Flat
£650	07/24	0.58 mi	-	2	Flat
£700	12/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in Wishaw	40,57740,577
Town centre distance	0.43 miles away0.43 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.68 miles away0.68 miles away

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

Property History

Listed for £82,000

October 23, 2024

Floor Plans

Description

2 Bedrooms +
Central Location +
Driveway +
Great Room Sizes Throughout +
Modern Finish Throughout +
Walk-in Condition +
3D Virtual Tour Available +

Step inside this charming lower cottage flat, an ideal haven for first time buyers who seek comfort and convenience in a coveted locale. Recently adorned with a tasteful palette of grey tones, the spacious lounge offers a serene retreat for relaxation or entertaining guests, with enough room to accommodate a cosy dining area.

Five things our current owners love about their home;

1. Large double driveway that can fit 4 cars.

2. Spacious garden that gets the sunshine all day.

3. Very close to all local amenities - only a 2 minute drive to Wishaw Town Centre.

4. Great transport links - close to bus stops, railway stations and motorways.

5. Rooms are modern and bright.

The heart of this home, a modern kitchen, boasts pristine white cabinetry complemented by chic black accents, creating a delightful space for culinary exploration. The generous main bedroom, bathed in natural light from expansive windows, features built-in wardrobes, providing a sanctuary of space and organisation.

The versatility of this flat is further accentuated by a second bedroom, equally substantial in size and currently serving as a home office, ready to adapt to your lifestyle needs. A contemporary bathroom, equipped with a luxurious bath, is the perfect spot to unwind after a bustling day.

External features include a private driveway and an extensive back garden, offering both convenience and outdoor enjoyment. Positioned in an enviable setting, this abode stands ready to welcome you to a life of ease and style, presenting a pristine opportunity to embark on your homeownership journey.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.