2 Bed Bungalow, Single Let, Wishaw, ML2 7NE, £96,000

225, Main Street, Wishaw, ML2 7NE7NE - 3 views - 3 months ago

Auction
BTL
ROI: 11%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£70K - £176K

 

 

Square Metres

~68.11 m²

Value Estimate

£80,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,000

Stamp Duty & Legal Fees

£4,080

Total Cash In

£28,080

 

 

Cash Out

 

Rent Range

£595 - £795

Rent Estimate

£720

Running Costs/mo

£464

Cashflow/mo

£256

Cashflow/yr

£3,072

ROI

11%

Gross Yield

9%

Local Sold Prices

39 sold prices from £70K to £176K, average is £97K.

PriceDateDistanceAddressBeds 
£125K07/210.26 mi120, Glasgow Road, Wishaw, Lanarkshire ML2 7QJ2
£125.3K09/210.31 mi13, Steel Street, Wishaw, Lanarkshire ML2 8AS2
£75.5K07/210.45 mi35, Cairngorm Crescent, Wishaw, Lanarkshire ML2 7PS2
£78.5K01/210.48 mi73, Gala Crescent, Wishaw ML2 7JR2
£77K01/210.49 mi3, Wishawhill Street, Wishaw, Lan ML2 7PY2
£125K01/210.54 mi37, Pather Street, Wishaw, Lan ML2 8BJ2
£123K06/240.61 mi44, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LA2
£140K08/210.62 mi29, Berryhill Crescent, Wishaw, Lanarkshire ML2 0NE2
£136.6K02/210.62 mi15, Conservation Place, Wishaw, Lanark ML2 8EF2
£70K12/210.62 mi55, Allanton Grove, Wishaw ML2 7LL2
£125K01/210.64 mi3, Steel Place, Wishaw, Lanark ML2 0NJ2
£125K05/210.66 mi12, Baxter Wynd, Wishaw ML2 0NL2
£118K05/210.67 mi7, Alford Quad, Wishaw, Lanarkshire ML2 7YN2
£80K03/210.68 mi73, Hawthorn Drive, Wishaw, Lanarkshire ML2 8JN2
£70.1K03/210.71 mi76, Lomond Drive, Wishaw, Lanarkshire ML2 0NU2
£85K03/240.73 mi5, Tweed Crescent, Wishaw, Lan ML2 8QR2
£135K08/240.74 mi15, Beauly Crescent, Wishaw, Lan ML2 8EG2
£76.5K11/210.74 mi120, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£105K07/210.74 mi78, North Dryburgh Road, Wishaw ML2 7LD2
£102K09/210.75 mi70, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£125K03/210.76 mi19, Letheron Drive, Wishaw, Lanarkshire ML2 7YP2
£137K03/210.77 mi8, Huntly Quad, Wishaw, Lanarkshire ML2 7UP2
£80K06/210.85 mi101, Linnhe Crescent, Wishaw, Lanarkshire ML2 0PH2
£103K03/240.85 mi14, Jedburgh Street, Wishaw, Lan ML2 8QU2
£176K07/210.86 mi57, Old Manse Road, Wishaw, Lanarkshire ML2 0EN2
£95K10/210.87 mi51, Langholm Crescent, Wishaw ML2 7HE2
£88K01/210.87 mi33, Langholm Crescent, Wishaw ML2 7HE2
£105.5K08/210.88 mi17, Houston Street, Wishaw ML2 8PR2
£91K08/210.88 mi19, Houston Street, Wishaw, Lanarkshire ML2 8PR2
£111.2K04/240.89 mi4, Kelso Crescent, Wishaw, Lanarkshire ML2 7HD2
£96K07/210.9 mi96, Kilmeny Crescent, Wishaw, Lanarkshire ML2 8QY2
£97K04/240.91 mi17, Dimsdale Crescent, Wishaw, Lanarkshire ML2 8DR2
£82K07/210.93 mi39, Lauder Crescent, Wishaw, Lanarkshire ML2 7HF2
£110.5K03/240.97 mi13, Forest Park, Wishaw, Lan ML2 8PN2
£91.8K10/210.97 mi11, Buchan Street, Wishaw, Lanarkshire ML2 7HG2
£85K06/210.98 mi190, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HQ2
£78K06/240.98 mi169, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HQ2
£72K09/210.98 mi53, Denholm Drive, Wishaw, Lanarkshire ML2 8SL2
£80K02/210.98 mi21, Denholm Drive, Wishaw, Lan ML2 8SL2

Local Rents

17 rents from £595/mo to £795/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70008/240.04 mi-2
£79505/240.09 miMain Street, Wishaw, Lanarkshire, ML22
£65010/230.11 mi-2
£65007/240.11 mi-2
£70004/250.17 mi-2
£59506/240.19 mi57 Main Street, Wishaw, ML2 7AB2
£70012/240.22 mi-2
£65006/240.27 miWellington Street, Wishaw, ML22
£70004/250.49 mi-2
£62505/240.49 miIvanhoe Crescent, Wishaw, Lanarkshire, ML22
£65012/240.58 mi-2
£69511/240.6 mi-2
£67512/240.6 mi-2
£72510/240.6 mi-2
£72504/250.6 mi-2
£70012/240.62 mi-2
£75001/250.62 mi-2

Local Area Statistics

Population in Wishaw

40,577

Town centre distance

0.79 miles away

Nearest school

0.40 miles away

Nearest train station

0.27 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £96,000

January 28, 2025

Description

  • IMMEDIATE INCOME PRODUCING INVESTMENT*** Tenanted 2 bedroom bungalow located within Wishaw Town Centre. Tenant paying £720pcm (£8,640 per annum) giving excellent return on investment. +
  • PERFECT INVESTMENT OPPORTUNITY with settled tenant paying £8,640 per annum (£720pcm) offering excellent return on investment in HIGH DEMAND RENTAL LOCATION close to major amenities. +
  • Popular rental location within minutes of University Hospital Wishaw- creating constant tenant demand. Major amenities available at Caledonian retail Park. +
  • Wishaw is located in North Lanarkshire and is approximately 15 miles from Glasgow city centre. The town lies on the A71 linking the town to the A73 and M8. +
  • Excellent location in close proximity to the town centre, train station, schools and a number of local and national retailers including Morrisons, Iceland, McDonalds, Costa Coffee and Subway. +

SALE BY AUCTION - 28 February 2025 - Deadline for Offers

IMMEDIATE INCOME PRODUCING INVESTMENT*** Tenanted 2 bedroom bungalow located within Wishaw Town Centre. Tenant paying £720pcm (£8,640 per annum) giving excellent return on investment. PERFECT INVESTMENT OPPORTUNITY with settled tenant paying £8,640 per annum (£720pcm) offering excellent return on investment in HIGH DEMAND RENTAL LOCATION close to major amenities. Popular rental location within minutes of University Hospital Wishaw- creating constant tenant demand. Major amenities available at Caledonian retail Park. Wishaw is located in North Lanarkshire and is approximately 15 miles from Glasgow city centre. The town lies on the A71 linking the town to the A73 and M8. Excellent location in close proximity to the town centre, train station, schools and a number of local and national retailers including Morrisons, Iceland, McDonalds, Costa Coffee and Subway.

Wishaw is located in North Lanarkshire and is approximately 15 miles from Glasgow city centre. The town lies on the A71 linking the town to the A73 and M8 and also benefit from established transport networks such as the local railway station and the bus network which have frequent services to and from Glasgow. Wishaw has a population of 40,000 persons. Excellent location in close proximity to the town centre, train station, schools and a number of local and national retailers including Morrisons, Iceland, McDonalds, Costa Coffee and Subway. Wishaw train station within minutes of the property. Wishaw is an affordable commuter town close to the M8 motorway network, Hamilton and Airdrie. Ideally situated for transport links on the main A721 Wishaw to Motherwell road. Wishaw Golf Course (1.1 miles).

Auction Details
28 February 2025, 12pm
Deadline for Offers

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Agent Details

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