3 Bed Terraced House, Refurb/BRRR, Motherwell, ML1 2BT, £155,000

Annan Glade, Motherwell, ML1 2BT - 4 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£85K - £375K

 

 

Square Metres

~93 m²

Value Estimate

£140,250

 

 

End Value (After Refurb)

£132,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£36,400

Bridging Loan Interest

£4,069

Total Cash In

£86,819

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,500

Mortgage (After Refinance)

£99,375

Mortgage LTV

75%

Cash Left In

£86,819

Equity

£33,125

Rent Range

£725 - £1,300

Rent Estimate

£888

Running Costs/mo

£612

Cashflow/mo

£276

Cashflow/yr

£3,316

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £375K, average is £168.8K.

PriceDateDistanceAddressBeds 
£180K08/210.07 mi35, Annan Street, Motherwell, Lanarkshire ML1 2BP3
£165.2K08/210.31 mi33, Kingfisher Court, Motherwell, Lanarkshire ML1 2FS3
£165.1K10/210.39 mi31, Gresham View, Muirhouse, Motherwell ML1 2DP3
£85K02/210.39 mi22, Dollar Park, Motherwell ML1 2LF3
£132K12/210.64 mi20, Merryton Road, Motherwell, Lanarkshire ML1 2NH3
£136.7K07/210.73 mi53, Primrose Crescent, Motherwell, Lanarkshire ML1 2RE3
£245K04/240.75 mi4, Liath Avenue, Motherwell, Lanarkshire ML1 2QU3
£193K01/210.89 mi700, Glasgow Road, Wishaw, Lan ML2 7TL3
£87K03/210.9 mi17, Lyons Quadrant, Wishaw, Lanarkshire ML2 7UA3
£104K03/240.91 mi30, Nethan Avenue, Wishaw, Lan ML2 0BG3
£205K08/210.99 mi37, Airbles Drive, Motherwell, Lanarkshire ML1 3AS3
£137K06/240.99 mi84, Kirknethan, Wishaw, Lanarkshire ML2 0BX3
£210K11/211.01 mi141, Avon Street, Motherwell, Lanarkshire ML1 3AL3
£220.5K11/211.01 mi13, Elmhurst, Motherwell, Lanarkshire ML1 3RJ3
£89K11/211.09 mi83, Laurel Drive, Wishaw, Lanarkshire ML2 7RD3
£245.5K10/211.17 mi35, Alexander Gibson Way, Motherwell, Lan ML1 3FA3
£201K08/241.21 mi23, Saffron Crescent, Wishaw, Lan ML2 0FA3
£143.8K07/211.27 mi1, Camellia Drive, Wishaw, Lanark ML2 0FF3
£245K12/211.28 mi13, Clyde Avenue, Hamilton, Lanarkshire ML3 7TY3
£148K02/211.29 mi39, Wilson Street, Motherwell, Lan ML1 1NP3
£210K03/241.29 mi24, Methil Court, Ferniegair, Hamilton, Lan ML3 7FN3
£170K08/211.32 mi2, Stuart Quadrant, Wishaw, Lanarkshire ML2 0DL3
£117.5K07/211.32 mi14, Kyle Quadrant, Wishaw, Lanarkshire ML2 0AN3
£126K09/211.33 mi4, Baxter Wynd, Wishaw ML2 0NL3
£150K04/241.34 mi19, Park Quadrant, Wishaw, Lanarkshire ML2 0DJ3
£310K04/241.36 mi108, Crawford Street, Motherwell, Lanarkshire ML1 3BN3
£375K07/211.42 mi32, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£260.3K12/211.42 mi70, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£267.5K02/211.43 mi6, Viewpark Road, Motherwell, Lan ML1 3ER3
£295K08/211.43 mi56, Orchard Street, Motherwell, Lanarkshire ML1 3JD3
£265K02/241.43 mi26, Cunningham Street, Motherwell, Lanarkshire ML1 3EP3
£153K08/241.49 mi32, Old Manse Road, Wishaw, Lan ML2 0EN3
£136K11/211.5 mi2, Calder Grove, Motherwell, Lanarkshire ML1 1EP3
£253.8K01/211.55 mi39, The Loaning, Motherwell, Lan ML1 3HE3
£197.5K09/211.55 mi10, Cobbett Road, Motherwell, Lanarkshire ML1 3BX3
£225K11/211.59 mi28, Aikman Road, Motherwell, Lanarkshire ML1 3BT3
£150K08/211.6 mi133, Roman Road, Motherwell, Lanarkshire ML1 1EA3
£166K10/211.65 mi121, Bluebell Wynd, Wishaw ML2 0PP3
£152K04/241.66 mi35, Bluebell Wynd, Wishaw, Lanarkshire ML2 0PP3
£109K03/241.68 mi16, Dundyvan Lane, Wishaw, Lan ML2 0HG3
£160K07/211.7 mi13, Sunflower Gardens, Motherwell, Lanarkshire ML1 1BZ3
£151K06/211.74 mi39, Alyssum Crescent, Motherwell, Lan ML1 1DF3
£247.5K12/211.75 mi5, Kethers Lane, Motherwell, Lanarkshire ML1 3HL3
£167.5K08/211.75 mi29, Peacock Wynd, Motherwell, Lanarkshire ML1 4ZL3
£185K02/241.76 mi48, Grainger Way, Motherwell, Lanarkshire ML1 3GY3
£171K09/211.78 mi123, Parkneuk Street, Motherwell, Lanarkshire ML1 1BY3
£165K02/211.79 mi88, Fyne Crescent, Larkhall ML9 2UX3
£145K02/211.8 mi17, Shiel Drive, Larkhall, Lan ML9 2TJ3
£235K03/241.82 mi128, Glen Road, Wishaw, Lan ML2 7NP3
£280K03/211.82 mi118, Glen Road, Wishaw, Lanarkshire ML2 7NP3

Local Rents

13 rents from £725/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£75005/240.28 miGlassford Street, Motherwell3
£92506/240.41 miHowson Lea, Motherwell, ML13
£92512/240.41 miHowson Lea, Motherwell, ML13
£92512/230.41 mi-3
£92512/240.41 mi-3
£1,30003/240.68 miCharn Terrace, Motherwell, Lanarkshire, ML13
£72512/241.02 mi-3
£72512/241.02 mi-3
£82505/241.03 miWatson Street, Motherwell, ML13
£95005/241.14 miCarbarns West, Wishaw, Lanarkshire, ML23
£79512/231.2 mi-3
£79512/231.2 mi-3
£89510/241.2 mi-3

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

2.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £155,000

December 2, 2024

Floor Plans

Description

  • Fantastic 3 bedroom family home +
  • Within the catchment for Dalziel High and Our Lady's High Schools +
  • Ideal for First Time Buyers or Investors +
  • Great size rooms +
  • Fantastic location +
  • Driveway +

Situated in the sought-after Annan Glade area of Motherwell, this three-bedroom end terrace property offers an excellent opportunity for buyers looking to create their ideal family home. While some redecoration would enhance its full potential, the property boasts a solid structure, spacious layout, and a prime location within the catchment for the highly regarded Dalziel High School and Our Lady’s High School.

On entering, you are welcomed by a generously sized hallway featuring built-in storage, ideal for keeping the home neat and organised. The bright and spacious lounge flows seamlessly into the separate dining area, providing the perfect space for family gatherings or entertaining guests. The adjacent fitted kitchen offers practical workspace and storage, with direct access to the rear garden, making it perfect for indoor-outdoor living.

Upstairs, the property features three well-proportioned bedrooms, two of which include built-in storage, ensuring ample space for family life. The family bathroom is conveniently located on this floor and offers potential for modernisation. Access to the loft space provides additional storage options or the potential for future development, subject to the necessary permissions.

Externally, the property benefits from a good-sized front and rear garden, providing plenty of outdoor space for relaxation or play. The rear driveway ensures convenient off-street parking, adding to the practicality of this home.

The location of this property further enhances its appeal. Annan Glade is a popular residential area known for its quiet surroundings and excellent connectivity. Motherwell town centre is just a short distance away, offering a range of amenities including supermarkets, shops, restaurants, and leisure facilities. For commuters, the property is ideally situated with Motherwell train station providing regular services to Glasgow and Edinburgh. The M8 and M74 motorways are easily accessible, offering excellent links to the wider central belt. Additionally, reliable bus routes provide further transport options.

This home presents an outstanding opportunity to create a stylish and comfortable living space in a desirable location, combining convenience, education options, and excellent transport links. With a little care and personalisation, it could become the perfect home for families or first-time buyers.

Agent Details

Hemmings Homes, Lanarkshire

01698 538069

Next Steps?

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