2 Bed Flat, Refurb/BRRR, Motherwell, ML1 1HY, £49,995

Braidhurst Street, Motherwell, ML1 1HY - 3 views - 3 months ago

Under Offer

Refurb/BRRR

ROI: 11%

~68 m²

+15 photos

ValuationOvervalued

Sold Prices	£30K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£41,457£41,457

End Value (After Refurb)	£52,000£52,000
Uplift in Value	+4%+4%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£12,499£12,499
Stamp Duty & Legal Fees	£2,700£2,700
Refurb Costs	£26,658£26,658
Bridging Loan Interest	£1,312£1,312
Total Cash In	£44,919£44,919

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£52,000£52,000
Mortgage (After Refinance)	£39,000£39,000
Mortgage LTV	75%75%
Cash Released	£1,504£1,504
Cash Left In	£43,416£43,416
Equity	£13,000£13,000
Rent Range	£495 - £1,999£495 - £1,999
Rent Estimate	£757
Running Costs/mo	£334£334
Cashflow/mo	£423£423
Cashflow/yr	£5,077£5,077
ROI	11%11%
Gross Yield	18%18%

Local Sold Prices

21 sold prices from £30K to £192.5K, average is £73K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68.5K	06/21	0.1 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£58K	09/21	0.13 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£82K	11/21	0.43 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£69K	05/21	0.44 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£30K	05/21	0.46 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£43.5K	02/24	0.49 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	0.49 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£110K	04/24	0.54 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£100K	03/21	0.59 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£39.5K	04/24	0.61 mi	250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA	-	-	2	Flat
£55K	12/21	0.67 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£119.5K	10/21	0.71 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£192.5K	06/21	0.73 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£73K	08/21	0.81 mi	59, Fort Street, Motherwell ML1 3QP	-	-	2	Flat
£105K	12/21	0.84 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£158K	10/21	0.86 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£82K	06/21	0.86 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£87.5K	07/21	0.88 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£57.5K	03/21	0.88 mi	166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT	-	-	2	Flat
£60K	02/21	0.88 mi	156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT	-	-	2	Flat
£105K	02/24	0.98 mi	81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ	-	-	2	Flat

Local Rents

15 rents from £495/mo to £2K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.09 mi	-	2	Flat
£750	12/24	0.09 mi	-	2	Flat
£695	12/24	0.39 mi	3 Findlay Court, Motherwell, ML1 1LA	2	Flat
£650	07/23	0.41 mi	-	2	Flat
£600	12/24	0.53 mi	Dalriada Crescent, Motherwell	2	Flat
£1,999	12/24	0.56 mi	-	2	Flat
£750	03/24	0.57 mi	-	2	Flat
£850	09/24	0.57 mi	-	2	Flat
£750	05/24	0.57 mi	Henderson Court, Motherwell, ML1	2	Flat
£500	05/23	0.6 mi	-	2	Flat
£500	02/24	0.6 mi	-	2	Flat
£495	12/24	0.6 mi	-	2	Flat
£550	12/23	0.61 mi	-	2	Flat
£550	12/23	0.61 mi	-	2	Flat
£550	12/23	0.61 mi	-	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.27 miles away1.27 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.50 miles away0.50 miles away

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

Property History

Listed for £49,995

December 26, 2024

Floor Plans

Description

Welcome to this two-bedroom upper cottage-style flat is nestled in the peaceful residential location of Braidhurst Street, Motherwell. This property will appeal to a variety of buyers including first time buyers, investors and those looking to downsize. Early internal viewing is highly recommended. Offering an excellent opportunity for modernisation, the property invites its new owner to imprint their own taste and style to create a bespoke living space. The layout includes welcoming hallway, a bright and spacious bay-windowed lounge, kitchen two well-appointed bedrooms, and a bathroom. Externally the property also benefits from gardens ideal for outdoor dining and entertaining in the warmer months. Additional features include on-street parking, and double glazing. Braidhurst Street is ideally situated within close proximity to all local amenities including shopping, schooling, public transport and road links.

Agent Details

Lanarkshire Law Estate Agents, Bellshill

01690 367323

Next Steps?

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

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