2 Bed Flat, Single Let, Hamilton, ML3 9DZ, £55,000

Earnock Street, Hamilton, ML3 9DZ - 3 months ago

Under Offer
BTL
ROI: 19%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£26K - £250K

 

 

Square Metres

~68.11 m²

Value Estimate

£56,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£525 - £2,700

Rent Estimate

£572

Running Costs/mo

£306

Cashflow/mo

£266

Cashflow/yr

£3,189

ROI

19%

Gross Yield

12%

Local Sold Prices

34 sold prices from £26K to £250K, average is £69K.

PriceDateDistanceAddressBeds 
£70K08/210.06 mi53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU2
£57.6K05/210.08 mi60, Marswood Green, Hamilton, Lanarkshire ML3 9EE2
£60K09/210.13 mi54, Roseberry Place, Hamilton, Lanarkshire ML3 9EP2
£62K12/210.17 mi9, George Court, Hamilton ML3 0NX2
£50K05/210.19 mi40, George Court, Hamilton, Lanarkshire ML3 9HG2
£55K04/210.26 mi39, Holyrood Street, Hamilton, Lanarkshire ML3 0NG2
£59.5K01/210.29 mi50, King Street, Hamilton, Lanarkshire ML3 9JH2
£103K12/210.3 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2
£67K07/210.33 mi104, Kenilworth Crescent, Hamilton ML3 9LT2
£68K10/210.39 mi22, Crawford Street, Hamilton ML3 0QH2
£66.5K07/210.44 mi8, Livingstone Street, Hamilton ML3 9LW2
£43K11/210.44 mi261, Glasgow Road, Hamilton ML3 0QG2
£64K04/210.47 mi4, Mayfield Road, Hamilton, Lanarkshire ML3 9LN2
£50K11/210.48 mi159, Hill Street, Hamilton, Lanarkshire ML3 9LJ2
£70K10/210.49 mi47, Gordon Road, Hamilton, Lanarkshire ML3 9LG2
£117.5K08/210.51 mi51, Clydesdale Street, Hamilton ML3 0DD2
£71K12/210.54 mi168, Glasgow Road, Hamilton, Lanarkshire ML3 0QZ2
£72K08/210.58 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.58 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.58 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£67K06/210.63 mi11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB2
£36.3K08/210.65 mi46, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NP2
£100K10/210.66 mi127, Caird Street, Hamilton, Lanarkshire ML3 0AL2
£26K01/210.71 mi99, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NR2
£45K03/210.79 mi57, Auchintibber Court, Blantyre, Glasgow, Lanark G72 0YW2
£250K09/210.86 mi17, Hamilton Park North, Hamilton, Lanark ML3 0FG2
£85K02/210.9 mi7, Saffronhall Lane, Hamilton, Lan ML3 6LS2
£52.5K12/210.9 mi14, Valley Court, Hamilton ML3 8HW2
£131K05/210.93 mi9, Muirhill Court, Hamilton ML3 6DR2
£72.5K03/240.94 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£158K08/210.94 mi19/6, Union Street, Hamilton, Lanarkshire ML3 6PD2
£155K08/210.94 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2
£138K06/210.97 mi52, Woodburn Park, Hamilton ML3 6AL2
£70K12/211 mi24, Orchard Street, Hamilton, Lanarkshire ML3 6PB2

Local Rents

33 rents from £525/mo to £2.7K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£72512/240.02 miArgyle Drive, Hamilton2
£55011/230.12 mi-2
£52505/240.14 mi-2
£65005/240.15 mi75 George Court, Hamilton, ML3 0NZ2
£65006/240.16 miRoseberry Place, Burnbank, Hamilton2
£67506/240.17 miGeorge Court, Hamilton, Lanarkshire, ML32
£79505/240.22 miSutherland Crescent, Hamilton, Lanarkshire, ML32
£85008/240.24 mi-2
£57512/230.24 mi-2
£2,70003/250.25 mi-2
£69506/240.26 miHill Street, Hamilton, South Lanarkshire, ML32
£65005/240.26 miGeorge Street, Hamilton, South Lanarkshire, ML32
£79512/240.29 mi-2
£75005/240.29 mi-2
£78012/240.29 mi-2
£72506/240.29 mi51, King Street, Hamilton, ML3 9JH2
£85005/240.3 mi-2
£69506/240.31 miCopperwood Court, Hamilton2
£69503/240.33 miBurnbank Road, Hamilton, ML3 9AQ2
£1,70005/240.36 mi-2
£1,70012/240.36 mi-2
£79506/240.37 miKirkfieldbank Way, Hamilton, Lanarkshire, ML32
£67512/240.42 miKenilworth Crescent, Hamilton2
£80003/250.44 mi-2
£80004/250.44 mi-2
£77505/240.46 miPhilips Wynd, Hamilton2
£65006/240.47 miGordon Terrace, Hamilton2
£69510/230.53 mi-2
£75004/250.53 mi-2
£69502/240.54 mi-2
£65005/240.57 mi-2
£65005/240.57 mi-2
£69505/240.59 mi-2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £55,000

January 8, 2025

Floor Plans

Description

  • *** ATTENTION INVESTORS - TENANT IN SITU - 9% YIELD *** +
  • 2 Bedroom Tenanted Flat In Central Location +
  • Close to Town Centre & Local Amenities +
  • Residential Parking Space +
  • Council Tax Band A +
  • Gas Central Heating & Double Glazing +

* ATTENTION LANDLORDS - TENANT IN SITU - 9% YIELD *

Hello, are you an aspiring investor or an existing landlord looking to expand your portfolio with this tenanted 2 bedroom upper flat, situated in a central area of Hamilton?
Would you be looking for a property positioned close to local amenities and Hamilton Retail Park, with local public transport links right on the doorstep?
What about a bright, spacious lounge presented in neutral tones, with space for a dining table, and finished with light wood laminate flooring?
How about a modern kitchen with a range of floor and wall mounted units, contrasting worktops, tiled splashback, hotpoint oven & hob with stainless steel cooker hood, and space for freestanding white goods?
Would you like to have 2 big double bedrooms with carpeted flooring, and plenty of space for all of your freestanding bedroom furniture?
What about a family bathroom with 3 piece suite comprising; low level wc, sink with vanity unit and bath with overhead shower, all finished with wet wall panelling?
How about having a shared garden to the rear?
Would you like gas central heating & double glazing, and parking just outside the property?
If so, Igloo have what you're looking for!

For more information or to arrange a viewing on this fantastic investment property, call us today!

FULL HOME REPORT AND MORTGAGE VALUATION
The home report information pack includes :
1. Single Survey and Mortgage Valuation -This gives information about the properties current condition, and any problems it has and how urgently they need attention. A generic mortgage valuation report is included which potential buyers can take to their lenders to assist in the arrangement of their mortgage.
2. Energy Performance Certificate : This report will show how "green" the property is and will rate the home A-G for energy efficiency (similar to how fridges and freezers are rated). The report will recommend how to improve the property's energy efficiency.
3. Property Questionnaire : This is completed by the seller, and it shows who the gas and electricity supplier are, the parking arrangements, council tax band, and other useful general information.
A copy of this full report can be made available to any genuinely interested buyers of this property on request.

Where floor plans are used, these are intended for guidance purposes only. Measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission or mis-statement.

Agent Details

Igloo, Hamilton

01698 533984

Next Steps?

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