2 Bed Flat, Single Let, Motherwell, ML1 3XS, £45,000

198 Dalriada Cres, Motherwell ML1 3XS - 1 views - 4 months ago

Under Offer
BTL
ROI: 24%
~68 m²

ValuationOvervalued

Sold Prices£30K - £192.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£42,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£495 - £3,000

Rent Estimate

£575

Running Costs/mo

£276

Cashflow/mo

£299

Cashflow/yr

£3,593

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £30K to £192.5K, average is £81K.

PriceDateDistanceAddressBeds 
£30K05/210 mi186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS2
£43.5K02/240.06 mi95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£40K02/240.06 mi79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£39.5K04/240.15 mi250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA2
£110K04/240.44 mi39, John Muir Way, Motherwell, Lanarkshire ML1 3GX2
£68.5K06/210.54 mi9, Northfield Street, Motherwell, Lanarkshire ML1 1HE2
£58K09/210.58 mi32, Vulcan Street, Motherwell ML1 1HB2
£73K08/210.58 mi59, Fort Street, Motherwell ML1 3QP2
£119.5K10/210.77 mi50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB2
£100K03/210.82 mi27, Henderson Court, Motherwell ML1 3GZ2
£69K05/210.83 mi6, Scott Street, Motherwell, Lanarkshire ML1 1PJ2
£95K02/210.83 mi48, Queens Crescent, Motherwell, Lan ML1 4JA2
£57.5K03/210.84 mi166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT2
£60K02/210.84 mi156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT2
£82K11/210.86 mi552, Merry Street, Motherwell, Lanarkshire ML1 4BW2
£70K02/210.89 mi79, Orbiston Drive, Bellshill, Lanarkshire ML4 2LX2
£85K08/210.91 mi126a, Clydesdale Road, Bellshill, Lanarkshire ML4 2QL2
£55K12/210.93 mi31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR2
£60K11/210.99 mi4, Blairholm Drive, Bellshill, Lanarkshire ML4 2JY2
£54K12/211 mi40, Brodick Avenue, Motherwell, Lanarkshire ML1 3PS2
£65K04/211.02 mi9, Roman Drive, Bellshill, Lanarkshire ML4 2JQ2
£192.5K06/211.02 mi5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA2
£105K12/211.06 mi11, The Mount, Motherwell ML1 3SW2
£82K06/211.07 mi12, Lochranza Court, Carfin, Motherwell ML1 4FJ2
£84K12/211.07 mi1, Russell Street, Bellshill, Lanarkshire ML4 1DR2
£105K02/241.08 mi81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ2
£85K10/211.08 mi24, Garfield Drive, Bellshill, Lanarkshire ML4 2NX2
£83K07/211.09 mi17, Adamson Street, Bellshill, Lanarkshire ML4 1DT2
£70K05/211.09 mi22, Adamson Street, Bellshill, Lanarkshire ML4 1DT2
£127.5K11/211.1 mi173, Ladywell Road, Motherwell ML1 3HQ2
£70K08/211.1 mi43, Russell Street, Bellshill, Lanarkshire ML4 1DS2
£63K11/211.1 mi67, Russell Street, Bellshill, Lanarkshire ML4 1DS2
£92K07/211.12 mi21, Garfield Drive, Bellshill, Lan ML4 2NX2
£158K10/211.12 mi26, Cameron Street, Motherwell, Lanarkshire ML1 3AH2
£57K10/211.16 mi61, Stewart Street, Bellshill, Lanarkshire ML4 1DU2
£74K08/211.17 mi15, Coltness Drive, Bellshill ML4 2JE2
£85K09/211.17 mi2, Mcpherson Street, Bellshill, Lanarkshire ML4 1DN2
£102.2K02/211.19 mi33, Guthrie Court, Motherwell, Lan ML1 3FR2
£85K07/211.22 mi26, Mccourt Gardens, Bellshill, Lanark ML4 1QB2
£63K03/211.25 mi14, Thorndean Avenue, Bellshill, Lanarkshire ML4 2LH2
£80K03/211.26 mi1, Mccourt Gardens, Bellshill, Lanarkshire ML4 1QB2
£87K06/211.26 mi21, Mccourt Gardens, Bellshill, Lanarkshire ML4 1QB2
£100K06/211.26 mi25, Mccourt Gardens, Bellshill, Lanarkshire ML4 1QB2
£66K08/211.27 mi67, Holytown Road, Bellshill ML4 1EE2
£87.5K07/211.27 mi38, Windmill Court, Motherwell, Lanark ML1 1XD2
£75.5K06/211.27 mi7, Holly Grove, Bellshill, Lanarkshire ML4 1EG2
£124.6K06/211.28 mi27, Neilsland Drive, Motherwell ML1 3EB2
£68K06/211.28 mi22, Bruce Street, Bellshill, Lanarkshire ML4 1QH2
£116.1K05/211.31 mi19, Thankerton Avenue, Motherwell, Lanarkshire ML1 4TF2
£121K01/211.33 mi32, Imlach Place, Motherwell, Lanarkshire ML1 3FD2

Local Rents

42 rents from £495/mo to £3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60012/240.11 miDalriada Crescent, Motherwell2
£50005/230.14 mi-2
£50002/240.14 mi-2
£77505/240.32 miBellshill Road, Motherwell, Lanarkshire2
£77510/230.38 mi-2
£77507/240.38 mi-2
£79505/240.47 miFrood Street, Motherwell2
£69512/240.53 mi3 Findlay Court, Motherwell, ML1 1LA2
£75012/240.53 mi-2
£75012/240.53 mi-2
£3,00002/250.66 mi-2
£65009/240.74 mi-2
£85005/240.77 miBruce Avenue, Motherwell, Lanarkshire, ML12
£1,99912/240.79 mi-2
£65012/240.79 miArran Road, Motherwell, Lanarkshire, ML12
£75005/240.79 miHenderson Court, Motherwell, ML12
£75003/240.79 mi-2
£85009/240.79 mi-2
£65007/230.84 mi-2
£49512/240.95 mi-2
£55012/230.96 mi-2
£55012/230.96 mi-2
£55012/230.96 mi-2
£65010/241 mi-2
£87510/241 mi-2
£62503/241.06 mi-2
£80006/241.06 miBoyd Drive, Motherwell, ML12
£80012/241.06 mi-2
£80012/241.06 mi-2
£86003/251.06 mi-2
£87506/241.06 mi-2
£75011/231.07 mi-2
£75011/231.07 mi-2
£79512/231.12 mi-2
£65005/241.15 miOakfield Drive, Motherwell, North Lanarkshire, ML12
£85002/251.16 mi-2
£85008/241.16 mi-2
£66012/241.16 mi-2
£65005/241.18 miWatson Street, Motherwell2
£1,19505/241.24 miWindmillhill Street, Motherwell, ML12
£1,79512/241.24 mi-2
£1,67503/251.24 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £45,000

November 25, 2024

Description

  • Tenanted Property +
  • Great Investment Opportunity +
  • Close to main transport links +
  • Double Glazing and Gas Central Heating +

Caledonia Sales are delighted to present 198 Dalriada Cres, Motherwell ML1 3XS.

Please note, this property is already tenanted and receiving a rental income of £575 P/M.

Market rent for this property is around £600, which gives a potential yield of 14.75%.

This property is an attractive two bedroom apartment located in the popular development of Dalriada in forgewood, Motherwell.

The accommodation comprises of a welcoming reception hallway, spacious lounge offering natural light, fitted kitchen, two double bedrooms plus bathroom with shower overhead. Further attributes include gas central heating, double glazing, landscaped communal garden area and private residents parking.

Situated within a quiet cul-de-sac, Dalriada Crescent is ideally placed for access to the Motherwell town centre and surrounding areas by local bus and motorway links via the M74. The nearby town offers a host of local shops, supermarkets, leisure facilities and restaurants.

Please contact our office for more information.

Agent Details

Caledonia Sales, Glasgow

0141 673 8338

Next Steps?

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