2 Bed Flat, Refurb/BRRR, Motherwell, ML1 4BN, £69,000

25 Highfield Crescent, Motherwell, ML1 4BN - 6 views - 4 months ago

Refurb/BRRR

Negative Equity

ROI: 9%

~68 m²

+4 photos

ValuationOvervalued

Sold Prices	£30K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£59,975£59,975

End Value (After Refurb)	£75,500£75,500
Uplift in Value	+9%+9%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£17,250£17,250
Stamp Duty & Legal Fees	£3,270£3,270
Refurb Costs	£26,658£26,658
Bridging Loan Interest	£1,811£1,811
Total Cash In	£50,740£50,740

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£75,500£75,500
Mortgage (After Refinance)	£56,625£56,625
Mortgage LTV	75%75%
Cash Released	£4,875£4,875
Cash Left In	£45,865£45,865
Equity	£18,875£18,875
Rent Range	£495 - £3,000£495 - £3,000
Rent Estimate	£789
Running Costs/mo	£414£414
Cashflow/mo	£375£375
Cashflow/yr	£4,503£4,503
ROI	9%9%
Gross Yield	14%14%

Local Sold Prices

20 sold prices from £30K to £192.5K, average is £79K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£82K	11/21	0.04 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£58K	09/21	0.4 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£68.5K	06/21	0.42 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£55K	12/21	0.47 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£69K	05/21	0.52 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£82K	06/21	0.66 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£110K	07/21	0.77 mi	11, Mctaggart Crescent, Motherwell, Lanarkshire ML1 4ZH	-	-	2	Flat
£87.5K	07/21	0.81 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£100K	03/21	0.83 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£192.5K	06/21	0.86 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£86.5K	01/21	0.87 mi	48, Colville Court, Newarthill Road Carfin, Motherwell ML1 4BF	-	-	2	Flat
£105K	02/24	0.88 mi	81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ	-	-	2	Flat
£30K	05/21	0.88 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£43.5K	02/24	0.92 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	0.92 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£76K	05/21	0.93 mi	32, Thorndene Avenue, Motherwell, Lanarkshire ML1 4DT	-	-	2	Flat
£57.5K	03/21	0.94 mi	166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT	-	-	2	Flat
£60K	02/21	0.94 mi	156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT	-	-	2	Flat
£110K	04/24	0.97 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£158K	10/21	0.99 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat

Local Rents

33 rents from £495/mo to £3K/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£650	07/23	0.06 mi	-	2	Flat
£495	12/24	0.28 mi	-	2	Flat
£550	12/23	0.28 mi	-	2	Flat
£550	12/23	0.28 mi	-	2	Flat
£550	12/23	0.28 mi	-	2	Flat
£750	12/24	0.42 mi	-	2	Flat
£750	12/24	0.42 mi	-	2	Flat
£750	11/23	0.66 mi	-	2	Flat
£750	11/23	0.66 mi	-	2	Flat
£650	05/24	0.74 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£695	12/24	0.76 mi	3 Findlay Court, Motherwell, ML1 1LA	2	Flat
£1,795	12/24	0.77 mi	-	2	Flat
£1,675	03/25	0.77 mi	-	2	Flat
£1,195	05/24	0.77 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,999	12/24	0.82 mi	-	2	Flat
£750	03/24	0.82 mi	-	2	Flat
£850	09/24	0.82 mi	-	2	Flat
£750	05/24	0.82 mi	Henderson Court, Motherwell, ML1	2	Flat
£650	05/24	0.91 mi	Watson Street, Motherwell	2	Flat
£600	12/24	0.93 mi	Dalriada Crescent, Motherwell	2	Flat
£625	03/24	0.95 mi	-	2	Flat
£650	10/24	1.01 mi	-	2	Flat
£500	05/23	1.02 mi	-	2	Flat
£500	02/24	1.02 mi	-	2	Flat
£1,050	01/25	1.04 mi	-	2	Flat
£850	05/24	1.04 mi	Bruce Avenue, Motherwell, Lanarkshire, ML1	2	Flat
£650	09/24	1.04 mi	-	2	Flat
£650	12/24	1.11 mi	Arran Road, Motherwell, Lanarkshire, ML1	2	Flat
£775	05/24	1.19 mi	Bellshill Road, Motherwell, Lanarkshire	2	Flat
£650	10/24	1.2 mi	-	2	Flat
£695	06/24	1.2 mi	Wellington Street, Wishaw	2	Flat
£850	05/24	1.21 mi	Laberge Gardens, Motherwell, Lanarkshire, ML1	2	Flat
£3,000	02/25	1.23 mi	-	2	Semi-Detached House

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental growth (12m)	+69%+69%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £69,000

-9%

November 28, 2024

Sold for £75,000

2010

Sold for £12,300

2004

Description

*EMAIL ENQUIRIES ONLY*

Smart Move bring to the Sales market this Two Bedroom Ground Floor Flat in Motherwell. The property which is need of some modernisation consists Lounge, Fitted Kitchen, Two Bedrooms and Bathroom. Benefits from Gas Central Heating, Double Glazing & Garden. Close to Local Amenities and Transport Links

Council Tax: Band A
EPC: Band D

HOME REPORT AVAILABLE TO DOWNLOAD BELOW

Agent Details

SMART MOVE ESTATE AGENTS (SCOTLAND) LTD, Glasgow

0141 673 6521

Next Steps?

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