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