2 Bed Flat, Single Let, Motherwell, ML1 5QZ, £74,000

70 Chapel Street, Motherwell, Lanarkshire ML1 5QZ - 4 views - 2 months ago

Sold STC
BTL
ROI: 17%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£38.5K - £114.2K

 

 

Square Metres

~68.11 m²

Value Estimate

£70,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,500

Stamp Duty & Legal Fees

£3,420

Total Cash In

£21,920

 

 

Cash Out

 

Rent Range

£695 - £850

Rent Estimate

£695

Running Costs/mo

£390

Cashflow/mo

£305

Cashflow/yr

£3,657

ROI

17%

Gross Yield

11%

Local Sold Prices

40 sold prices from £38.5K to £114.2K, average is £71K.

PriceDateDistanceAddressBeds 
£48.2K11/210.51 mi32a, Biggar Road, Cleland, Motherwell, Lanarkshire ML1 5PB2
£75K01/211.13 mi6, Banchory Road, Wishaw, Lan ML2 7YX2
£67K09/211.15 mi324, High Street, Motherwell, Lanarkshire ML1 5HP2
£93K12/211.18 mi11, Berriedale Quad, Wishaw ML2 7YY2
£69K06/211.26 mi45, Mossbank Crescent, Motherwell, Lanarkshire ML1 5TE2
£110K07/211.38 mi11, Mctaggart Crescent, Motherwell, Lanarkshire ML1 4ZH2
£86.5K01/211.45 mi48, Colville Court, Newarthill Road Carfin, Motherwell ML1 4BF2
£38.5K03/211.47 mi14, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£69.5K05/211.48 mi20, Kildonan Court, Newmains, Wishaw, Lanarkshire ML2 9DL2
£76K05/211.53 mi32, Thorndene Avenue, Motherwell, Lanarkshire ML1 4DT2
£85K06/211.63 mi55, Cheviot Crescent, Wishaw, Lanarkshire ML2 7PN2
£85K08/241.64 mi7, Cheviot Crescent, Wishaw, Lan ML2 7PN2
£71K06/211.65 mi94, Waverley Drive, Wishaw, Lanarkshire ML2 7DR2
£67K03/211.65 mi106, Waverley Drive, Wishaw, Lanarkshire ML2 7DR2
£70K05/211.68 mi105, Ivanhoe Crescent, Wishaw, Lanarkshire ML2 7DT2
£57K02/211.68 mi24, Ivanhoe Crescent, Wishaw, Lan ML2 7DZ2
£56.5K11/211.72 mi3, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP2
£63.5K05/211.72 mi11, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP2
£60K02/211.73 mi7, Cleland Road, Wishaw, Lan ML2 7PH2
£83K05/211.73 mi17, Anderson Court, Wishaw, Lanark ML2 7PD2
£60K02/211.73 mi31, Thrashbush Road, Wishaw, Lan ML2 8LN2
£90K04/211.73 mi27, Devine Court, Wishaw, Lanarkshire ML2 7ES2
£85K09/211.73 mi19, Devine Court, Wishaw ML2 7ES2
£114.2K04/241.74 mi22, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£82.5K07/211.74 mi40, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£73K06/211.77 mi2, Darragh Green, Newmains, Wishaw, Lan ML2 9BU2
£60K11/211.82 mi1, King Street, Newmains, Wishaw, Lanarkshire ML2 9EH2
£71K08/241.82 mi22, King Street, Newmains, Wishaw, Lan ML2 9EH2
£82K06/211.83 mi12, Lochranza Court, Carfin, Motherwell ML1 4FJ2
£74K07/211.84 mi131, Marshall Street, Wishaw, Lanarkshire ML2 7NR2
£107K04/211.87 mi75b, Belhaven Terrace, Wishaw, Lanarkshire ML2 7AY2
£50K12/211.92 mi5, Kirk Road, Wishaw, Lanarkshire ML2 7BL2
£83K11/211.92 mi70, Miller Street, Wishaw ML2 7BB2
£69K05/211.93 mi59, Russell Street, Wishaw, Lanarkshire ML2 7AL2
£105K02/241.94 mi81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ2
£55K12/211.95 mi31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR2
£65K11/211.96 mi6, Glencairn Avenue, Wishaw, Lanarkshire ML2 7RG2
£50K08/211.98 mi38, Craigneuk Street, Wishaw, Lanarkshire ML2 7XD2
£72.5K09/211.98 mi111, Russell Street, Wishaw, Lanark ML2 7AP2
£55K11/211.99 mi95, Craigneuk Street, Wishaw, Lanarkshire ML2 7UY2

Local Rents

12 rents from £695/mo to £850/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69512/240.15 mi-2
£69512/240.15 miOmoa Road, Cleland, ML12
£69506/240.56 mi-2
£85002/240.64 mi-2
£85002/250.64 mi-2
£85002/250.64 mi-2
£75005/240.79 miNorth Dryburgh Road, Wishaw2
£75005/240.82 miNorth Dryburgh Road, Wishaw2
£83008/241.1 mi-2
£75002/241.16 mi-2
£75009/231.23 mi-2
£75010/241.23 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £74,000

January 23, 2025

Floor Plans

Description

Nestled in the charming area of Chapel Street, Cleland, this delightful upper flat offers a perfect blend of modern living and comfortable space. With two well-proportioned bedrooms, this property is ideal for small families, couples, or individuals seeking a serene retreat.

Upon entering, you are welcomed into a bright and airy reception room, which serves as a wonderful space for relaxation or entertaining guests. The modern design throughout the flat ensures a contemporary feel, making it easy to envision your personal touch in this inviting home.

The property boasts a well-appointed bathroom, providing all the necessary amenities for your daily routine. Modern spacious kitchen.

Located in Cleland, this flat benefits from a peaceful residential environment while still being conveniently close to local amenities and transport links. Whether you are looking to invest in your first home or seeking a rental opportunity, this modern two-bedroom upper flat on Chapel Street is a fantastic choice that combines comfort, style, and practicality. Don't miss the chance to make this lovely property your own.

No forwarding chain

Mortgage advice available.

Agent Details

Empire Property, Wishaw

01698 758967

Next Steps?

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