2 Bed Flat, Refurb/BRRR, Motherwell, ML1 5TE, £73,000

41 Mossbank Crescent, Motherwell, ML1 5TE - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 9%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£30K - £116.1K

 

 

Square Metres

~68.11 m²

Value Estimate

£67,000

 

 

End Value (After Refurb)

£70,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,250

Stamp Duty & Legal Fees

£3,390

Refurb Costs

£26,658

Bridging Loan Interest

£1,916

Total Cash In

£51,965

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,500

Mortgage (After Refinance)

£52,875

Mortgage LTV

75%

Cash Left In

£51,965

Equity

£17,625

Rent Range

£425 - £1,850

Rent Estimate

£803

Running Costs/mo

£401

Cashflow/mo

£402

Cashflow/yr

£4,825

ROI

9%

Gross Yield

13%

Local Sold Prices

50 sold prices from £30K to £116.1K, average is £69K.

PriceDateDistanceAddressBeds 
£69K06/210.04 mi45, Mossbank Crescent, Motherwell, Lanarkshire ML1 5TE2
£67K09/210.13 mi324, High Street, Motherwell, Lanarkshire ML1 5HP2
£76K05/211.24 mi32, Thorndene Avenue, Motherwell, Lanarkshire ML1 4DT2
£48.2K11/211.28 mi32a, Biggar Road, Cleland, Motherwell, Lanarkshire ML1 5PB2
£86.5K01/211.31 mi48, Colville Court, Newarthill Road Carfin, Motherwell ML1 4BF2
£51.8K11/211.37 mi11, Kenilworth Court, Motherwell, Lanarkshire ML1 4NT2
£60K04/211.4 mi72, Sunnyside Crescent, Motherwell, Lanarkshire ML1 4RY2
£105K02/241.47 mi81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ2
£90.7K04/241.51 mi5 St. Andrews Court, Main Street, Holytown, Motherwell, Lanarkshire ML1 4TH2
£110K07/211.53 mi11, Mctaggart Crescent, Motherwell, Lanarkshire ML1 4ZH2
£82K06/211.56 mi12, Lochranza Court, Carfin, Motherwell ML1 4FJ2
£53K04/211.61 mi38, Michael Terrace, Chapelhall, Airdrie, Lanarkshire ML6 8TQ2
£57.5K03/211.73 mi166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT2
£60K02/211.73 mi156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT2
£55K12/211.75 mi31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR2
£70K01/211.77 mi26, Loch Road, Chapelhall, Airdrie, Lanarkshire ML6 8TP2
£116.1K05/211.86 mi19, Thankerton Avenue, Motherwell, Lanarkshire ML1 4TF2
£95K02/211.86 mi48, Queens Crescent, Motherwell, Lan ML1 4JA2
£75.5K06/211.92 mi7, Holly Grove, Bellshill, Lanarkshire ML4 1EG2
£66K08/212.03 mi67, Holytown Road, Bellshill ML4 1EE2
£45.5K02/242.06 mi7, Bent Road, Chapelhall, Airdrie, Lanarkshire ML6 8ST2
£73.5K12/212.07 mi17, Faskine Avenue, Calderbank, Airdrie, Lanarkshire ML6 9SX2
£78K10/212.12 mi10, Crowwood Road, Calderbank, Airdrie, Lanarkshire ML6 9SZ2
£82K11/212.15 mi552, Merry Street, Motherwell, Lanarkshire ML1 4BW2
£65K05/242.18 mi20c, Main Street, Calderbank, Airdrie, Lanarkshire ML6 9SG2
£85K08/212.34 mi126a, Clydesdale Road, Bellshill, Lanarkshire ML4 2QL2
£75K01/212.39 mi6, Banchory Road, Wishaw, Lan ML2 7YX2
£93K12/212.44 mi11, Berriedale Quad, Wishaw ML2 7YY2
£68.5K06/212.47 mi9, Northfield Street, Motherwell, Lanarkshire ML1 1HE2
£57.5K04/212.47 mi8, Caldervale Street, Gartness, Airdrie ML6 8PX2
£58K09/212.47 mi32, Vulcan Street, Motherwell ML1 1HB2
£78K05/212.48 mi13, Woodvale Avenue, Airdrie, Lanarkshire ML6 8RW2
£83K07/212.49 mi17, Adamson Street, Bellshill, Lanarkshire ML4 1DT2
£70K05/212.49 mi22, Adamson Street, Bellshill, Lanarkshire ML4 1DT2
£30K05/212.55 mi186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS2
£70K08/212.56 mi43, Russell Street, Bellshill, Lanarkshire ML4 1DS2
£63K11/212.56 mi67, Russell Street, Bellshill, Lanarkshire ML4 1DS2
£57K10/212.56 mi61, Stewart Street, Bellshill, Lanarkshire ML4 1DU2
£38.5K03/212.59 mi14, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£69.5K05/212.59 mi20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£85K09/212.6 mi2, Mcpherson Street, Bellshill, Lanarkshire ML4 1DN2
£51K05/212.61 mi24, Gartness Drive, Airdrie, Lanarkshire ML6 8PT2
£43.5K02/242.61 mi95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£40K02/242.61 mi79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£84K12/212.63 mi1, Russell Street, Bellshill, Lanarkshire ML4 1DR2
£39.5K04/242.64 mi250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA2
£95K07/212.67 mi57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US2
£55K11/212.68 mi95, Craigneuk Street, Wishaw, Lanarkshire ML2 7UY2
£69K05/212.69 mi6, Scott Street, Motherwell, Lanarkshire ML1 1PJ2
£50K08/212.7 mi38, Craigneuk Street, Wishaw, Lanarkshire ML2 7XD2

Local Rents

54 rents from £425/mo to £1.9K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£55005/240.05 miGreenside Street, Motherwell, North Lanarkshire, ML1 5TQ1
£42510/230.06 mi-1
£50002/250.06 mi-1
£55005/240.07 miMuirhead Drive, Newarthill, Motherwell, North Lanarkshire, ML1 5TG1
£83008/240.19 mi-2
£85011/240.34 mi-3
£75002/240.37 mi-2
£79512/230.39 mi-3
£79512/230.39 mi-3
£95003/250.83 mi-2
£85002/240.89 mi-2
£85002/250.89 mi-2
£85002/250.89 mi-2
£55003/251.11 mi-1
£79502/241.14 mi-3
£75005/241.15 miTinto Way, Cleland, North Lanarkshire, ML13
£79505/241.18 miDornoch Road, Motherwell, North Lanarkshire, ML12
£85005/241.23 miLaberge Gardens, Motherwell, Lanarkshire, ML12
£45004/241.28 mi-1
£69512/241.33 mi-2
£69512/241.33 miOmoa Road, Cleland, ML12
£55012/241.33 mi-1
£99503/241.33 mi-3
£1,85012/241.39 mi-5
£92505/241.41 miCarfin Street, New Stevenston3
£99512/241.41 miPlantation Avenue, Motherwell, Lanarkshire, ML13
£79503/241.42 miUnion Street, Motherwell, Lanarkshire, ML13
£79512/241.46 mi-3
£79505/241.46 miHoneywell Crescent, Chapelhall, Airdrie, ML63
£1,25009/241.48 mi-3
£87509/241.48 mi-2
£62503/241.49 mi-2
£85008/241.49 mi-2
£85002/251.49 mi-2
£1,45005/241.55 miSkylark Wynd, Motherwell, North Lanarkshire, ML1 1AQ4
£75011/231.56 mi-2
£75011/231.56 mi-2
£85012/241.58 mi-3
£95003/251.58 mi-3
£60012/241.61 mi-2
£79512/241.61 mi-3
£1,20003/241.63 miBrock Place, Motherwell, Lanarkshire, ML13
£55011/231.69 mi-1
£85007/231.78 mi-2
£99501/251.79 mi-3
£70002/251.8 mi-2
£85007/241.82 mi-3
£69506/241.83 mi-2
£55012/231.89 mi-2
£55012/231.89 mi-2
£55012/231.89 mi-2
£60006/231.89 mi-1
£60007/241.89 mi-1
£49512/241.9 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.25 miles away

Nearest school

0.40 miles away

Nearest train station

1.01 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £73,000

January 20, 2025

Floor Plans

Description

Nestled in the tranquil surroundings of Mossbank Crescent, Motherwell, this charming two-bedroom upper flat offers a wonderful opportunity for those seeking a comfortable home in a peaceful residential area. Spanning an impressive 743 square feet, this purpose-built flat, constructed in 1960, boasts a spacious reception room that invites natural light, creating a warm and welcoming atmosphere.

The property features two well-proportioned bedrooms, perfect for a small family, a couple, or even as a rental investment. The bathroom, presents an opportunity for personalisation and modernisation, allowing you to create a space that reflects your own style.

Although some works are required, this flat is a blank canvas, ready for you to add your personal touch and transform it into your dream home. The quiet neighbourhood enhances the appeal, providing a serene environment while still being conveniently located near local amenities and transport links.

This property is ideal for those looking to invest in a home with potential, or for first-time buyers eager to make their mark. With its combination of space, location, and opportunity, this flat on Mossbank Crescent is not to be missed. Embrace the chance to create a lovely living space in a sought-after area of Motherwell.

Agent Details

Empire Property, Wishaw

01698 758967

Next Steps?

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