2 Bed Flat, Single Let, Motherwell, ML1 1XD, £95,000

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

Sold STC

BTL

ROI: 9%

~68 m²

+9 photos

ValuationOvervalued

Sold Prices	£55K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£68,875£68,875

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,750£23,750
Stamp Duty & Legal Fees	£4,050£4,050
Total Cash In	£27,800£27,800

Cash Out
Rent Range	£650 - £1,999£650 - £1,999
Rent Estimate	£650
Running Costs/mo	£447£447
Cashflow/mo	£203£203
Cashflow/yr	£2,438£2,438
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

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

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£87.5K	07/21	0.01 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£60.3K	11/21	0.26 mi	15, Freesia Court, Motherwell, Lanarkshire ML1 2TA	-	-	2	Flat
£55K	09/21	0.3 mi	66, Freesia Court, Motherwell, Lanarkshire ML1 2TB	-	-	2	Flat
£192.5K	06/21	0.37 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£158K	10/21	0.41 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£142K	09/21	0.43 mi	8, Imlach Place, Motherwell, Lanarkshire ML1 3FA	-	-	2	Flat
£121K	01/21	0.43 mi	32, Imlach Place, Motherwell, Lanarkshire ML1 3FD	-	-	2	Flat
£69K	05/21	0.46 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£122K	01/21	0.49 mi	62, Dalzell Drive, Motherwell, Lan ML1 2DA	-	-	2	Flat
£129K	04/21	0.52 mi	74, Glenhead Drive, Motherwell ML1 2DS	-	-	2	Flat
£105K	12/21	0.53 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£100K	03/21	0.57 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£100K	07/21	0.62 mi	6, Dunbar Drive, Motherwell, Lanarkshire ML1 2EN	-	-	2	Flat
£92K	08/21	0.64 mi	18, Fleming Court, Motherwell, Lanarkshire ML1 2EW	-	-	2	Flat
£102.2K	02/21	0.75 mi	33, Guthrie Court, Motherwell, Lan ML1 3FR	-	-	2	Flat
£58K	09/21	0.76 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£68.5K	06/21	0.79 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£119.5K	10/21	0.83 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£82K	11/21	0.86 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£95K	07/21	0.94 mi	57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US	-	-	2	Flat
£127.5K	11/21	0.98 mi	173, Ladywell Road, Motherwell ML1 3HQ	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,195	05/24	0.06 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,795	12/24	0.06 mi	-	2	Flat
£1,675	03/25	0.06 mi	-	2	Flat
£650	05/24	0.13 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£650	05/24	0.25 mi	Watson Street, Motherwell	2	Flat
£1,050	01/25	0.31 mi	-	2	Flat
£650	10/24	0.5 mi	-	2	Flat
£750	03/24	0.59 mi	-	2	Flat
£850	09/24	0.59 mi	-	2	Flat
£750	05/24	0.59 mi	Henderson Court, Motherwell, ML1	2	Flat
£1,999	12/24	0.59 mi	-	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.70 miles away1.70 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.37 miles away0.37 miles away

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

Property History

Listed for £95,000

January 9, 2025

Floor Plans

Description

Beautifully presented top floor flat +
Two great size bedrooms +
Built in wardrobes to both bedrooms +
Main bedroom ensuite +
Open plan lounge/diner with Juliette balcony +
Secure door entry +
Central location +
Close to all amenities and transport links +

Hemmings Homes are delighted to welcome you to this beautifully presented 2 bedroom flat in Windmill Court, Motherwell

This stunning top-floor flat offers a perfect blend of style, comfort, and convenience, making it an ideal choice for First-Time Buyers and Investors alike. Situated in ahighly sought-after development, this property is bound to attract significant interest.

Upon entering, you are welcomed by a spacious and inviting hallway with ample built-in storage, setting the tone for the generous proportions throughout the flat. The heart of the home is the bright and airy open-plan lounge/diner, enhanced by a Juliette balcony that floods the space with natural light. This versatile living area is perfect for relaxation or entertaining.

The property boasts two generously sized bedrooms, both featuring built-in wardrobes for excellent storage solutions. The main bedroom benefits from a contemporary ensuite shower room, adding a touch of luxury. A stylish family bathroom completes the accommodation, offering both functionality and elegance.

Windmill Court enjoys a prime location within Motherwell, offering an array of amenities and excellent transport links. Motherwell town centre is just a short distance away, providing access to supermarkets, shops, cafes, and restaurants. For families, the area is well-served by reputable schools and leisure facilities, including parks and sports centres.

Commuters will appreciate the excellent transport connections, with Motherwell Train Station offering regular services to Glasgow and Edinburgh. The M74 and M8 motorways are easily accessible, ensuring convenient travel by car to surrounding towns and cities.

This property combines modern living with an enviable location and is sure to sell quickly. Early viewing is highly recommended to avoid disappointment.