2 Bed Flat, Single Let, Motherwell, ML1 1XE, £90,000

211D8 Airbles Street, Motherwell, North Lanarkshire, ML1 2TX - 2 months ago

Sold STC
BTL
ROI: 10%
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£55K - £192.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£68,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£650 - £1,999

Rent Estimate

£650

Running Costs/mo

£431

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

10%

Gross Yield

9%

Local Sold Prices

22 sold prices from £55K to £192.5K, average is £101.1K.

PriceDateDistanceAddressBeds 
£87.5K07/210.03 mi38, Windmill Court, Motherwell, Lanark ML1 1XD2
£60.3K11/210.28 mi15, Freesia Court, Motherwell, Lanarkshire ML1 2TA2
£55K09/210.31 mi66, Freesia Court, Motherwell, Lanarkshire ML1 2TB2
£192.5K06/210.33 mi5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA2
£158K10/210.38 mi26, Cameron Street, Motherwell, Lanarkshire ML1 3AH2
£142K09/210.42 mi8, Imlach Place, Motherwell, Lanarkshire ML1 3FA2
£121K01/210.42 mi32, Imlach Place, Motherwell, Lanarkshire ML1 3FD2
£69K05/210.42 mi6, Scott Street, Motherwell, Lanarkshire ML1 1PJ2
£105K12/210.49 mi11, The Mount, Motherwell ML1 3SW2
£100K03/210.53 mi27, Henderson Court, Motherwell ML1 3GZ2
£129K04/210.53 mi74, Glenhead Drive, Motherwell ML1 2DS2
£122K01/210.54 mi62, Dalzell Drive, Motherwell, Lan ML1 2DA2
£100K07/210.67 mi6, Dunbar Drive, Motherwell, Lanarkshire ML1 2EN2
£92K08/210.68 mi18, Fleming Court, Motherwell, Lanarkshire ML1 2EW2
£102.2K02/210.72 mi33, Guthrie Court, Motherwell, Lan ML1 3FR2
£58K09/210.73 mi32, Vulcan Street, Motherwell ML1 1HB2
£68.5K06/210.76 mi9, Northfield Street, Motherwell, Lanarkshire ML1 1HE2
£119.5K10/210.79 mi50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB2
£82K11/210.84 mi552, Merry Street, Motherwell, Lanarkshire ML1 4BW2
£127.5K11/210.94 mi173, Ladywell Road, Motherwell ML1 3HQ2
£95K07/210.98 mi57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US2
£110K04/240.99 mi39, John Muir Way, Motherwell, Lanarkshire ML1 3GX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,19505/240.05 miWindmillhill Street, Motherwell, ML12
£1,79512/240.05 mi-2
£1,67503/250.05 mi-2
£65005/240.09 miOakfield Drive, Motherwell, North Lanarkshire, ML12
£65005/240.22 miWatson Street, Motherwell2
£1,05001/250.35 mi-2
£65010/240.54 mi-2
£75003/240.55 mi-2
£85009/240.55 mi-2
£75005/240.55 miHenderson Court, Motherwell, ML12
£1,99912/240.55 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £90,000

January 29, 2025

Floor Plans

Description

  • First Floor Attic Apartment +
  • Two Double Bedrooms +
  • Modern Fitted Kitchen +
  • Shower Room +
  • Double Glazed Windows +
  • Gas Central Heating +
  • Rear Communal Area +
  • Central Sought After Location +

Situated within a central sought after location within the town of Motherwell and providing bright and airy accommodation throughout, lies this stunning two bedroom first floor attic flat.

This well presented flat has been tastefully decorated throughout and in walk in condition. The property comprises of a welcoming hallway, a bright airy rear facing lounge, a modern kitchen hosting fitted wall and floor mounted units with built in oven/hob, pantry area, a shower room consisting of back to wall WC/sink combination, shower enclosure and finished in wet wall panelling. On the attic level via carpeted staircase you will find two great sized front facing bedrooms with carpeted flooring, dual aspect windows and feature wall decor panelling.

The property is further enhanced with double glazed windows, ample storage space, gas central heating, main door access, communal rear area.

The property is situated within walking distance to Motherwell town centre which has a great variety of shops, leisure facilities, bars and restaurants. It is perfectly located for the commuter, with the M74/M8 providing convenient access to the central belt. The town also offers excellent public transport, with train and bus services providing links to the surrounding areas.

Agent Details

Fred Estate Agents, Motherwell

01698 538991

Next Steps?

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