2 Bed Flat, Single Let, Hamilton, ML3 8BU, £55,000

211D84 Balmore Drive, Hamilton, Scotland, ML3 8RW - 4 months ago

Sold STC

BTL

ROI: 22%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£52.5K - £127K

Square Metres	~68.11 m²
Value Estimate	£59,500£59,500
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£2,850£2,850
Total Cash In	£16,600£16,600

Cash Out
Rent Range	£600 - £950£600 - £950
Rent Estimate	£613
Running Costs/mo	£314£314
Cashflow/mo	£299£299
Cashflow/yr	£3,582£3,582
ROI	22%22%
Gross Yield	13%13%

Local Sold Prices

24 sold prices from £52.5K to £127K, average is £72.3K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£57K	05/21	0.07 mi	1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB	-	-	2	Flat
£55K	11/21	0.09 mi	33, Bonnyton Lane, Hamilton ML3 8DU	-	-	2	Flat
£53K	09/21	0.16 mi	26, Kintore Park, Hamilton, Lanarkshire ML3 8DH	-	-	2	Flat
£64K	10/21	0.2 mi	23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN	-	-	2	Flat
£71K	03/21	0.25 mi	31, Fairhill Place, Hamilton ML3 8AH	-	-	2	Flat
£127K	06/21	0.28 mi	17, Neilsland Drive, Hamilton, Lan ML3 8AJ	-	-	2	Flat
£105K	09/21	0.3 mi	4/4, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£96K	04/21	0.3 mi	6/4, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£117.3K	09/21	0.3 mi	6/3, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£105K	09/21	0.35 mi	23, Cypress Lane, Hamilton ML3 8SR	-	-	2	Flat
£65K	04/21	0.49 mi	58, Neilsland Road, Hamilton, Lan ML3 8HJ	-	-	2	Flat
£78.4K	03/24	0.59 mi	46, Strathaven Road, Hamilton, Lan ML3 7RE	-	-	2	Flat
£125K	03/24	0.61 mi	19, Coll Lea, Hamilton, Lan ML3 8BW	-	-	2	Flat
£70K	02/21	0.71 mi	66, Mill Road, Hamilton, Lan ML3 8HX	-	-	2	Flat
£52.5K	12/21	0.75 mi	14, Valley Court, Hamilton ML3 8HW	-	-	2	Flat
£64K	08/21	0.75 mi	94, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£83K	08/21	0.76 mi	88, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£95K	09/21	0.76 mi	111, Hall Street, Hamilton, Lanarkshire ML3 6RY	-	-	2	Flat
£72.5K	03/24	0.81 mi	1, Mill Grove, Hamilton, Lan ML3 6TS	-	-	2	Flat
£64K	03/21	0.88 mi	111, Alness Street, Hamilton, Lanarkshire ML3 6TQ	-	-	2	Flat
£67K	06/21	0.99 mi	11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB	-	-	2	Flat
£72K	08/21	0.99 mi	9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£95.3K	12/21	0.99 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£85K	03/21	0.99 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat

Local Rents

29 rents from £600/mo to £950/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£850	05/24	0.12 mi	Solway Court, Hamilton, ML3	2	Terraced House
£750	05/24	0.35 mi	-	2	Flat
£795	05/24	0.37 mi	-	2	Flat
£795	05/24	0.41 mi	-	2	Flat
£650	12/24	0.59 mi	Strathaven Road, Hamilton, South Lanarkshire, ML3 7RE	2	Flat
£800	03/25	0.62 mi	-	2	Flat
£925	12/24	0.66 mi	-	2	Semi-Detached House
£625	06/24	0.69 mi	St Annes Court, Hamilton	2	Flat
£895	03/25	0.71 mi	-	2	Terraced House
£825	06/24	0.75 mi	-	2	Flat
£600	12/24	0.75 mi	Valley Court, South Lanarkshire, Hamilton, ML3	2	Flat
£695	05/24	0.75 mi	-	2	Flat
£795	02/25	0.79 mi	-	2	Flat
£950	02/25	0.81 mi	-	2	Flat
£695	01/25	0.81 mi	-	2	Flat
£725	01/25	0.84 mi	-	2	Flat
£735	05/24	0.91 mi	-	2	Terraced House
£750	02/25	0.91 mi	-	2	Terraced House
£750	03/25	0.92 mi	-	2	Flat
£775	05/24	1 mi	Philips Wynd, Hamilton	2	Flat
£650	06/24	1.06 mi	Glebe Street, Hamilton, Lanarkshire, ML3	2	Flat
£750	06/24	1.08 mi	Durisdeer Drive, High Earnock	2	House
£800	03/25	1.12 mi	-	2	Flat
£795	06/24	1.15 mi	Kirkfieldbank Way, Hamilton, Lanarkshire, ML3	2	Semi-Detached House
£650	05/24	1.15 mi	-	2	Flat
£650	05/24	1.15 mi	-	2	Flat
£795	06/24	1.16 mi	-	2	Terraced House
£795	06/24	1.16 mi	Ailsa Court, Hamilton, ML3	2	Terraced House
£695	06/24	1.16 mi	Morgan Street, Hamilton	2	Flat

Local Area Statistics

Population in Hamilton	51,58551,585
Town centre distance	0.60 miles away0.60 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.41 miles away1.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £55,000

November 25, 2024

Sold for £57,000

2006

Sold for £43,000

2004

Floor Plans

Description

Situated in the heart of Meikle Earnock, Hamilton and providing spacious well appointed accommodation throughout, lies this two bedroom top floor flat.

The property offers a generously sized hallway, a bright spacious front facing lounge, two good size bedrooms, a fitted kitchen and fully tiled family bathroom featuring a large corner shower enclosure.

The property also benefits from gas central heating, double glazing and secure entry door system. Communal gardens to the rear of the property.

Meikle Earnock enjoys a selection of local amenities with Hamilton town centre a short distance away offering a comprehensive range of retail shopping, restaurants, bars and sporting facilities. For the commuter there are regular bus and railway links and easy access to the motorway networks connecting Glasgow, Edinburgh and beyond.

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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CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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