3 Bed Semi-Detached House, Planning Permission, Motherwell, ML1 3DZ, £295,000

Neilsland Drive, Motherwell, ML1 3DZ - 5 months ago

Planning
~93 m²
+27 photos

ValuationOvervalued

Sold Prices£92.5K - £375K

 

 

Square Metres

~93 m²

Value Estimate

£260,250

 

 

End Value (After Refurb)

£260,063

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£36,400

Bridging Loan Interest

£7,744

Total Cash In

£131,543

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,063

Mortgage (After Refinance)

£195,047

Mortgage LTV

75%

Cash Left In

£131,543

Equity

£65,016

Rent Range

£725 - £1,600

Rent Estimate

£1,026

Running Costs/mo

£1,038

Cashflow/mo

£-12

Cashflow/yr

£-143

Gross Yield

4%

Local Sold Prices

24 sold prices from £92.5K to £375K, average is £215.1K.

PriceDateDistanceAddressBeds 
£197.5K09/210.2 mi10, Cobbett Road, Motherwell, Lanarkshire ML1 3BX3
£247.5K12/210.23 mi5, Kethers Lane, Motherwell, Lanarkshire ML1 3HL3
£253.8K01/210.25 mi39, The Loaning, Motherwell, Lan ML1 3HE3
£210K03/210.28 mi4, Boyd Drive, Motherwell, Lanarkshire ML1 3HX3
£225K11/210.3 mi28, Aikman Road, Motherwell, Lanarkshire ML1 3BT3
£267.5K02/210.31 mi6, Viewpark Road, Motherwell, Lan ML1 3ER3
£310K04/240.33 mi108, Crawford Street, Motherwell, Lanarkshire ML1 3BN3
£265K02/240.34 mi26, Cunningham Street, Motherwell, Lanarkshire ML1 3EP3
£245.5K10/210.51 mi35, Alexander Gibson Way, Motherwell, Lan ML1 3FA3
£260.3K12/210.55 mi70, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£375K07/210.55 mi32, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£295K08/210.61 mi56, Orchard Street, Motherwell, Lanarkshire ML1 3JD3
£220.5K11/210.66 mi13, Elmhurst, Motherwell, Lanarkshire ML1 3RJ3
£205K08/210.66 mi37, Airbles Drive, Motherwell, Lanarkshire ML1 3AS3
£210K11/210.69 mi141, Avon Street, Motherwell, Lanarkshire ML1 3AL3
£185K02/240.77 mi48, Grainger Way, Motherwell, Lanarkshire ML1 3GY3
£105K12/210.85 mi97, Fort Street, Motherwell, Lanarkshire ML1 3RQ3
£150K08/210.87 mi133, Roman Road, Motherwell, Lanarkshire ML1 1EA3
£220.1K10/210.9 mi8, Senate Place, Motherwell ML1 3GE3
£92.5K06/210.92 mi37, Horatius Street, Motherwell, Lanarkshire ML1 3RR3
£154.1K05/210.92 mi18, Horatius Street, Motherwell, Lanarkshire ML1 3RR3
£160K07/210.93 mi13, Sunflower Gardens, Motherwell, Lanarkshire ML1 1BZ3
£151K06/210.94 mi39, Alyssum Crescent, Motherwell, Lan ML1 1DF3
£136.7K07/210.94 mi53, Primrose Crescent, Motherwell, Lanarkshire ML1 2RE3

Local Rents

17 rents from £725/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£82506/230.24 mi-3
£1,05002/240.42 mi-3
£72505/240.57 miScotia Street, Motherwell3
£75002/250.67 mi-3
£82505/240.75 miWatson Street, Motherwell, ML13
£95008/230.87 mi-3
£99503/240.87 mi-3
£92512/240.87 mi-3
£1,10004/250.93 mi-3
£1,09505/241.08 mi-3
£1,09505/241.08 mi-3
£1,09505/241.08 miCampbell Close, Hamilton, ML33
£82512/241.09 mi-3
£77505/241.12 miBellshill Road, Motherwell, ML13
£1,35005/241.12 miMote Hill, Hamilton3
£85004/251.13 mi-3
£1,60005/241.2 miLaverock Avenue, Hamilton, Lanarkshire, ML33

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

2.43 miles away

Nearest school

0.50 miles away

Nearest train station

0.73 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £295,000

January 15, 2025

Listed for £289,995

November 4, 2024

Sold for £111,500

2021

Sold for £222,000

2021

Floor Plans

Description

Step into a perfect blend of classic elegance and contemporary comfort with this beautifully maintained 3-bedroom semi-detached property built in the 1920s. Nestled in a sought-after neighbourhood, this home offers the ideal setting for families, professionals, or anyone seeking a unique living space with character.

Offering a versatile layout across two levels, the ground floor features a welcoming entrance vestibule and hallway, a charming lounge perfect for relaxation and entertaining, two spacious double bedrooms, an attractive kitchen designed with a seamless blend of style and practicality, and a stylish bathroom with contemporary fixtures.

On the upper level, you'll find the master bedroom along with a versatile box room that can serve various purposes, such as a dressing room or study.

This property has been thoughtfully upgraded by the current owner, featuring a complete rewire, a new gas central heating system and replacement windows and front door. The interior has been freshly plastered and decorated, whilst original doors and coving have been preserved to maintain its character. Additionally, there is active planning permission for a garden room extension that will be accessible from the kitchen, offering exciting potential for further enhancement.

Externally there are fully enclosed private gardens which are well-maintained with mature plants and landscaping. A convenient driveway offers secure off-road parking, and a detached garage provides storage or workshop space.

This property is ideally situated next to Strathclyde Park, making it perfect for outdoor enthusiasts. Commuters will appreciate the immediate access to the M74 and the nearby mainline railway stations, offering regular services to Glasgow, Edinburgh, and beyond. Motherwell town centre is close by, providing a variety of shopping and healthcare options. Families will benefit from being within the catchment area of the highly regarded Dalziel High School.

Agent Details

AB Properties, Lanarkshire

01555 708892

Next Steps?

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