2 Bed Flat, Single Let, Motherwell, ML1 1XD, £90,000

Windmill Court, Motherwell, ML1 1XD - 3 views - 4 months ago

Under Offer
BTL
ROI: 10%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£55K - £192.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£68,875

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£650 - £1,999

Rent Estimate

£650

Running Costs/mo

£431

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

10%

Gross Yield

9%

Local Sold Prices

21 sold prices from £55K to £192.5K, average is £100K.

PriceDateDistanceAddressBeds 
£87.5K07/210 mi38, Windmill Court, Motherwell, Lanark ML1 1XD2
£60.3K11/210.28 mi15, Freesia Court, Motherwell, Lanarkshire ML1 2TA2
£55K09/210.31 mi66, Freesia Court, Motherwell, Lanarkshire ML1 2TB2
£192.5K06/210.36 mi5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA2
£158K10/210.41 mi26, Cameron Street, Motherwell, Lanarkshire ML1 3AH2
£142K09/210.44 mi8, Imlach Place, Motherwell, Lanarkshire ML1 3FA2
£121K01/210.44 mi32, Imlach Place, Motherwell, Lanarkshire ML1 3FD2
£69K05/210.44 mi6, Scott Street, Motherwell, Lanarkshire ML1 1PJ2
£122K01/210.51 mi62, Dalzell Drive, Motherwell, Lan ML1 2DA2
£105K12/210.52 mi11, The Mount, Motherwell ML1 3SW2
£129K04/210.53 mi74, Glenhead Drive, Motherwell ML1 2DS2
£100K03/210.56 mi27, Henderson Court, Motherwell ML1 3GZ2
£100K07/210.64 mi6, Dunbar Drive, Motherwell, Lanarkshire ML1 2EN2
£92K08/210.65 mi18, Fleming Court, Motherwell, Lanarkshire ML1 2EW2
£58K09/210.74 mi32, Vulcan Street, Motherwell ML1 1HB2
£102.2K02/210.75 mi33, Guthrie Court, Motherwell, Lan ML1 3FR2
£68.5K06/210.78 mi9, Northfield Street, Motherwell, Lanarkshire ML1 1HE2
£119.5K10/210.82 mi50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB2
£82K11/210.84 mi552, Merry Street, Motherwell, Lanarkshire ML1 4BW2
£95K07/210.95 mi57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US2
£127.5K11/210.97 mi173, Ladywell Road, Motherwell ML1 3HQ2

Local Rents

11 rents from £650/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,19505/240.04 miWindmillhill Street, Motherwell, ML12
£1,79512/240.04 mi-2
£1,67503/250.04 mi-2
£65005/240.12 miOakfield Drive, Motherwell, North Lanarkshire, ML12
£65005/240.25 miWatson Street, Motherwell2
£1,05001/250.33 mi-2
£65010/240.51 mi-2
£75003/240.58 mi-2
£85009/240.58 mi-2
£75005/240.58 miHenderson Court, Motherwell, ML12
£1,99912/240.58 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £90,000

December 3, 2024

Sold for £85,263

2011

Sold for £59,900

2003

Sold for £61,245

2002

Floor Plans

Description

  • 2 Bedrooms +
  • Allocated Parking +
  • Beautifully Presented +
  • Central Heating and Double Glazing +
  • Central Location +
  • Ensuite Bathroom +
  • Excellent First Time Buyer Property +
  • Fitted Bathroom +
  • Fitted Kitchen +

CLOSING DATE SET - TUESDAY 10TH DECEMBER @ 12PM Situated within a central area of Motherwell lies this superbly presented, two bedroom ground floor apartment, the property offers generous living space and will be of great interest to the downsizing market.

The property offers a generously sized hallway with a large double storage cupboard, a bright and airy lounge accompanied with a dining area. There is a modern fitted kitchen and family bathroom with over head electric shower. There are two double bedrooms both providing fitted wardrobes with the master benefiting from an en suite. This apartment has private parking to the front and well kept communal grounds to the rear.

LOCATION

Motherwell is perfectly located for the commuter with access to the M74 just minutes away. The town provides bus and rail links to the surrounding area, as well as Glasgow and Edinburgh. There are also a great selection of shops, restaurants, bars, and sporting facilities. The property is located within close proximity of Glencairn Primary and falls within the desirable catchment area for Dalziel High School.

Tenure: Freehold

Agent Details

Momo Homes, Wishaw

01698 537996

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪