2 Bed Flat, Single Let, Wishaw, ML2 9EH, £69,000

3 King Street, Wishaw, ML2 9EH - 3 views - 4 months ago

Sold STC
BTL
ROI: 14%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£36K - £114.6K

 

 

Square Metres

~68.11 m²

Value Estimate

£59,250

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,250

Stamp Duty & Legal Fees

£3,270

Total Cash In

£20,520

 

 

Cash Out

 

Rent Range

£475 - £895

Rent Estimate

£599

Running Costs/mo

£355

Cashflow/mo

£244

Cashflow/yr

£2,923

ROI

14%

Gross Yield

10%

Local Sold Prices

40 sold prices from £36K to £114.6K, average is £71K.

PriceDateDistanceAddressBeds 
£60K11/210.04 mi1, King Street, Newmains, Wishaw, Lanarkshire ML2 9EH2
£71K08/240.04 mi22, King Street, Newmains, Wishaw, Lan ML2 9EH2
£73K06/210.17 mi2, Darragh Green, Newmains, Wishaw, Lan ML2 9BU2
£79K04/210.3 mi19, Westwood Road, Newmains, Wishaw, Lanarkshire ML2 9DA2
£93.5K07/210.32 mi22, Kildare Place, Newmains ML2 9FB2
£89.5K07/210.32 mi4, Kildare Place, Newmains, Wishaw ML2 9FB2
£82K12/210.38 mi3, Walkers Court, Newmains, Wishaw, Lanarkshire ML2 9EY2
£69.5K05/210.39 mi20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£38.5K03/210.4 mi14, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£80K08/210.45 mi21, Manse Mews, Newmains, Wishaw, Lanarkshire ML2 9BZ2
£70K08/210.6 mi83, Braedale Crescent, Newmains, Wishaw, Lanarkshire ML2 9AQ2
£48K08/240.8 mi88, Eastmuir Street, Wishaw, Lan ML2 8PX2
£60K02/211.06 mi31, Thrashbush Road, Wishaw, Lan ML2 8LN2
£75K01/211.4 mi6, Banchory Road, Wishaw, Lan ML2 7YX2
£71K06/211.42 mi94, Waverley Drive, Wishaw, Lanarkshire ML2 7DR2
£67K03/211.42 mi106, Waverley Drive, Wishaw, Lanarkshire ML2 7DR2
£93K12/211.42 mi11, Berriedale Quad, Wishaw ML2 7YY2
£70K05/211.42 mi105, Ivanhoe Crescent, Wishaw, Lanarkshire ML2 7DT2
£42K06/241.48 mi55, Beechwood Crescent, Wishaw, Lanarkshire ML2 8JF2
£114.2K04/241.53 mi22, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£82.5K07/211.53 mi40, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£90K04/211.55 mi27, Devine Court, Wishaw, Lanarkshire ML2 7ES2
£85K09/211.55 mi19, Devine Court, Wishaw ML2 7ES2
£57K02/211.57 mi24, Ivanhoe Crescent, Wishaw, Lan ML2 7DZ2
£75K10/211.61 mi22, Reynolds Path, Wishaw, Lanarkshire ML2 8AY2
£68K02/211.61 mi14, Reynolds Path, Wishaw, Lanarkshire ML2 8AY2
£85K06/211.65 mi5, Harestone Road, Wishaw ML2 8DB2
£48.2K11/211.71 mi32a, Biggar Road, Cleland, Motherwell, Lanarkshire ML1 5PB2
£114.6K06/211.73 mi513, Wishaw Road, Wishaw, Lanarkshire ML2 8EY2
£85K04/241.77 mi77, Burnhall Place, Wishaw, Lanarkshire ML2 8EE2
£50K12/211.8 mi5, Kirk Road, Wishaw, Lanarkshire ML2 7BL2
£74K12/211.82 mi115, Wishaw Road, Wishaw, Lanarkshire ML2 8EA2
£69K05/211.87 mi59, Russell Street, Wishaw, Lanarkshire ML2 7AL2
£53.6K07/211.88 mi17, Hawthorn Place, Shotts, Lanarkshire ML7 5BA2
£36K12/211.88 mi39, Wilson Road, Shotts ML7 5AR2
£66K05/211.92 mi1, Coltness Avenue, Shotts ML7 5AN2
£107K04/211.95 mi75b, Belhaven Terrace, Wishaw, Lanarkshire ML2 7AY2
£72.5K09/211.97 mi111, Russell Street, Wishaw, Lanark ML2 7AP2
£59K07/211.98 mi3, Kingshill Road, Shotts, Lanarkshire ML7 5AL2
£60K12/201.98 mi26, Kingshill Road, Shotts, Lanarkshire ML7 5AL2

Local Rents

20 rents from £475/mo to £895/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£70012/230.07 mi-2
£82504/250.14 mi-2
£89510/240.17 mi-2
£72506/230.25 mi-2
£69502/250.25 mi-2
£65012/230.27 mi-2
£65012/230.27 mi-2
£47504/230.34 mi-2
£59506/240.39 mi5 Kildonan Court, Newmains, Wishaw, ML2 9DL2
£69506/240.39 mi13 Kildonan Court Wishaw ML2 9DL2
£79006/240.63 mi-2
£72508/240.63 mi-2
£79003/240.63 miBaillie Gardens, Wishaw, ML22
£55007/230.84 mi-2
£79511/230.92 mi-2
£89510/240.92 mi-2
£62506/240.98 mi46 Northmuir Drive, Wishaw, ML2 8NS2
£75009/231.07 mi-2
£75010/241.07 mi-2
£85007/241.08 mi-2

Local Area Statistics

Population in Wishaw

40,577

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

1.62 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £69,000

December 11, 2024

Floor Plans

Description

Nestled in the heart of Newmains, Wishaw, this charming upper flat on King Street offers a delightful blend of comfort and convenience. With two well-proportioned bedrooms, this sizable apartment is perfect for small families, couples, or individuals seeking a peaceful retreat. The inviting reception room provides a warm and welcoming space, ideal for relaxation or entertaining guests.

The property boasts a well-appointed bathroom, ensuring that your daily routines are both comfortable and efficient. One of the standout features of this flat is the large drive, providing ample parking space for residents and visitors alike. Additionally, the rear gardens offer a lovely outdoor area, perfect for enjoying the fresh air or tending to your gardening interests.

For those in need of extra storage or workshop space, the garage adds further appeal to this property. The combination of these features makes this flat not only a practical choice but also a delightful place to call home.

Situated in a friendly neighbourhood, this property is conveniently located near local amenities, schools, and transport links, making it an ideal choice for those looking to settle in a vibrant community. Whether you are a first-time buyer or seeking a rental opportunity, this flat on King Street is sure to impress with its blend of space, functionality, and charm. Don’t miss the chance to make this lovely property your own.

Agent Details

Empire Property, Wishaw

01698 758967

Next Steps?

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