3 Bed Flat, Refurb/BRRR, Hamilton, ML3 0FH, £210,000

Hamilton Park South, Hamilton, South Lanarkshire, ML3 0FH - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£20K - £225K

 

 

Square Metres

~93 m²

Value Estimate

£151,000

 

 

End Value (After Refurb)

£165,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£36,400

Bridging Loan Interest

£5,513

Total Cash In

£103,663

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,000

Mortgage (After Refinance)

£123,750

Mortgage LTV

75%

Cash Left In

£103,663

Equity

£41,250

Rent Range

£580 - £1,400

Rent Estimate

£1,011

Running Costs/mo

£738

Cashflow/mo

£273

Cashflow/yr

£3,278

ROI

3%

Gross Yield

6%

Local Sold Prices

21 sold prices from £20K to £225K, average is £87K.

PriceDateDistanceAddressBeds 
£225K03/210.13 mi51, The Paddock, Hamilton ML3 0RF3
£85K12/210.61 mi11, Albert Street, Hamilton, Lanarkshire ML3 0JZ3
£178K03/210.76 mi8, Orchard Brae, Hamilton ML3 6JD3
£151K05/210.88 mi2/1, Park Road, Hamilton, Lanarkshire ML3 6PD3
£162.5K10/211.25 mi49, Avonbridge Drive, Hamilton ML3 7EG3
£87K10/211.47 mi31, Ailsa Avenue, Motherwell, Lanarkshire ML1 3LY3
£133K05/212 mi109, Hamilton Road, Motherwell, Lanarkshire ML1 3DG3
£135K04/212.03 mi46, Imlach Place, Motherwell, Lanarkshire ML1 3FD3
£80K01/212.21 mi125, Motherwell Road, Bellshill, Lan ML4 2JD3
£85K09/212.21 mi185, Motherwell Road, Bellshill, Lanarkshire ML4 2JG3
£85K02/212.21 mi207, Motherwell Road, Bellshill, Lanarkshire ML4 2JG3
£72K11/212.25 mi249, Airbles Street, Motherwell ML1 1XZ3
£75.5K04/242.25 mi233, Airbles Street, Motherwell, Lanarkshire ML1 1XZ3
£20K12/212.26 mi117, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT3
£31.3K10/212.32 mi36, Jimmy Sneddon Way, Motherwell ML1 3YG3
£82K02/242.32 mi93, Thorndean Avenue, Bellshill, Lanarkshire ML4 2LL3
£130K04/212.32 mi6, Saltaire Avenue, Uddingston, Glasgow, Lanark G71 7NW3
£46K05/212.34 mi7, Talisman Crescent, Motherwell, Lanarkshire ML1 3YB3
£87.5K04/242.36 mi8, Thorndean Avenue, Bellshill, Lanarkshire ML4 2LH3
£179.7K06/212.81 mi149/1, Main Street, Uddingston, Glasgow, Lanarkshire G71 7EN3
£90K10/212.83 mi576, Main Street, Bellshill, Lanarkshire ML4 1DL3

Local Rents

18 rents from £580/mo to £1.4K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£1,25005/240 miHamilton Park South, Hamilton, Lanarkshire, ML33
£1,40009/240 mi-3
£82512/240.6 mi-3
£1,35005/240.61 miMote Hill, Hamilton3
£85012/240.63 mi-3
£1,39512/240.65 miCadzow Street, Hamilton, South Lanarkshire, ML33
£85005/240.66 miMontrose Crescent, Hamilton3
£79512/240.7 miLinden Lea, Hamilton, South Lanarkshire, ML3 9AD3
£80005/240.77 miWhistleberry Drive, Hamilton3
£1,09505/240.82 mi-3
£1,09505/240.82 mi-3
£1,09505/240.82 miCampbell Close, Hamilton, ML33
£58009/240.86 mi-3
£87512/241.03 miQuarry Street, Hamilton3
£1,20006/241.12 miAnderson Street, Hamilton3
£75011/241.13 mi-3
£1,30005/241.2 miPortland Place, Hamilton, Lanarkshire, ML33
£77505/241.23 miArbroath Grove, Hamilton, South Lanarkshire, ML3 8PF3

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £210,000

December 26, 2024

Floor Plans

Description

This stunning three-bedroom apartment, situated on the preferred first floor, offers a rare opportunity to own a property in one of Hamilton’s most prestigious settings, alongside the iconic Hamilton Racecourse. Combining spacious interiors, modern luxury, and an unbeatable location, this home is ideal for discerning buyers seeking style and convenience alongside privacy in this peaceful and serene setting.

The heart of this home is the expansive dual-aspect corner living room, bathed in natural light and offering ample space for both relaxing and entertaining with views over the landscaped areas. Each of the three bedrooms features built-in wardrobes, providing fantastic storage solutions and a sleek, tidy aesthetic. The master bedroom is a true retreat, boasting an elegant en-suite shower room and not one but two large built-in double wardrobes.
A recent renovation has transformed the main bathroom into a spa-like haven, complete with a luxurious jacuzzi bath and a built-in TV, perfect for unwinding after a long day. Every detail has been thoughtfully designed to create a space that is both functional and indulgent.

The property further benefits from residents’ parking, ensuring convenience and ease of access. Its location is unparalleled, offering a tranquil and prestigious lifestyle alongside the Hamilton Racecourse while still being close to excellent transport links, shopping facilities, and local dining options.
This exceptional property combines elegance, practicality, and a sought-after setting to create the perfect home.

Contact us today for more information and to book your viewing.

Agent Details

Slater Hogg & Howison, Hamilton

01698 537622

Next Steps?

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