2 Bed Flat, Single Let, Hamilton, ML3 8HW, £61,000

Valley Court, Hamilton, ML3 8HW - 2 months ago

BTL
ROI: 21%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£50K - £158K

 

 

Square Metres

~68.11 m²

Value Estimate

£59,250

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,250

Stamp Duty & Legal Fees

£4,250

Total Cash In

£19,500

 

 

Cash Out

 

Rent Range

£600 - £950

Rent Estimate

£689

Running Costs/mo

£348

Cashflow/mo

£341

Cashflow/yr

£4,087

ROI

21%

Gross Yield

14%

Local Sold Prices

40 sold prices from £50K to £158K, average is £79.2K.

PriceDateDistanceAddressBeds 
£52.5K12/210 mi14, Valley Court, Hamilton ML3 8HW2
£72.5K03/240.1 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£64K08/210.13 mi94, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£83K08/210.14 mi88, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£70K02/210.23 mi66, Mill Road, Hamilton, Lan ML3 8HX2
£65K04/210.26 mi58, Neilsland Road, Hamilton, Lan ML3 8HJ2
£64K03/210.28 mi111, Alness Street, Hamilton, Lanarkshire ML3 6TQ2
£72K08/210.33 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.33 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.33 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95K09/210.34 mi111, Hall Street, Hamilton, Lanarkshire ML3 6RY2
£50K01/210.45 mi25, Wylie Street, Hamilton, Lanarkshire ML3 6RL2
£155K08/210.61 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2
£158K08/210.63 mi19/6, Union Street, Hamilton, Lanarkshire ML3 6PD2
£70K12/210.65 mi24, Orchard Street, Hamilton, Lanarkshire ML3 6PB2
£105K03/210.67 mi8, Kemp Court, Hamilton, Lanarkshire ML3 6QF2
£64K10/210.68 mi23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN2
£53K09/210.72 mi26, Kintore Park, Hamilton, Lanarkshire ML3 8DH2
£57K05/210.72 mi1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB2
£138K06/210.72 mi52, Woodburn Park, Hamilton ML3 6AL2
£55K11/210.73 mi33, Bonnyton Lane, Hamilton ML3 8DU2
£127K06/210.74 mi17, Neilsland Drive, Hamilton, Lan ML3 8AJ2
£78.4K03/240.77 mi46, Strathaven Road, Hamilton, Lan ML3 7RE2
£67K06/210.79 mi11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB2
£117.5K08/210.79 mi51, Clydesdale Street, Hamilton ML3 0DD2
£71K03/210.79 mi31, Fairhill Place, Hamilton ML3 8AH2
£125K03/240.84 mi19, Coll Lea, Hamilton, Lan ML3 8BW2
£57.6K05/210.84 mi60, Marswood Green, Hamilton, Lanarkshire ML3 9EE2
£131K05/210.85 mi9, Muirhill Court, Hamilton ML3 6DR2
£85K02/210.87 mi7, Saffronhall Lane, Hamilton, Lan ML3 6LS2
£103K12/210.91 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2
£105K09/210.93 mi4/4, Redwood Lane, Hamilton ML3 8SS2
£96K04/210.93 mi6/4, Redwood Lane, Hamilton ML3 8SS2
£117.3K09/210.93 mi6/3, Redwood Lane, Hamilton ML3 8SS2
£105K09/210.94 mi23, Cypress Lane, Hamilton ML3 8SR2
£70K08/210.95 mi53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU2
£80K11/210.99 mi23, Common Green, Hamilton, Lanarkshire ML3 6BL2
£50K11/210.99 mi159, Hill Street, Hamilton, Lanarkshire ML3 9LJ2
£67K07/211 mi104, Kenilworth Crescent, Hamilton ML3 9LT2
£95K11/211 mi36a, Cadzow Street, Hamilton ML3 6DG2

Local Rents

17 rents from £600/mo to £950/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60012/240 miValley Court, South Lanarkshire, Hamilton, ML32
£69505/240.01 mi-2
£89503/250.07 mi-2
£69501/250.08 mi-2
£79502/250.17 mi-2
£75003/250.25 mi-2
£65006/240.32 miGlebe Street, Hamilton, Lanarkshire, ML32
£79505/240.34 mi-2
£79505/240.45 mi-2
£82506/240.46 mi-2
£80003/250.47 mi-2
£69506/240.48 miMorgan Street, Hamilton2
£77505/240.5 miPhilips Wynd, Hamilton2
£62506/240.52 miSt Annes Court, Hamilton2
£72501/250.53 mi-2
£95002/250.61 mi-2
£75012/240.61 miPark Road, Hamilton, Lanarkshire, ML32

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

0.36 miles away

Nearest school

0.40 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £61,000

March 28, 2025

Price changed to £63,000

March 20, 2025

Price changed to £67,000

March 4, 2025

Price changed to £70,000

February 16, 2025

Listed for £75,000

January 24, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Well Maintained Property +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Hamilton. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen, bathroom and parking space.

Investment details

It currently produces an annual gross income of £8,268 which could be increased by the new owner to a market rate of £8,484 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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