2 Bed Flat, Single Let, Motherwell, ML1 2AW, £110,000

Grange Street, Motherwell, ML1 2AW - 2 months ago

Sold STC

BTL

ROI: 5%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£25K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£97,500£97,500

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Total Cash In	£34,200£34,200

Cash Out
Rent Range	£595 - £1,999£595 - £1,999
Rent Estimate	£616
Running Costs/mo	£487£487
Cashflow/mo	£129£129
Cashflow/yr	£1,549£1,549
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £25K to £192.5K, average is £82K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£92K	08/21	0.1 mi	18, Fleming Court, Motherwell, Lanarkshire ML1 2EW	-	-	2	Flat
£100K	07/21	0.1 mi	6, Dunbar Drive, Motherwell, Lanarkshire ML1 2EN	-	-	2	Flat
£122K	01/21	0.21 mi	62, Dalzell Drive, Motherwell, Lan ML1 2DA	-	-	2	Flat
£95K	07/21	0.42 mi	57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US	-	-	2	Flat
£55K	11/21	0.51 mi	95, Craigneuk Street, Wishaw, Lanarkshire ML2 7UY	-	-	2	Flat
£110K	04/24	0.55 mi	1, Whinny Burn Court, Motherwell, Lanarkshire ML1 2LW	-	-	2	Flat
£50K	08/21	0.57 mi	38, Craigneuk Street, Wishaw, Lanarkshire ML2 7XD	-	-	2	Flat
£87.5K	07/21	0.6 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£60.3K	11/21	0.65 mi	15, Freesia Court, Motherwell, Lanarkshire ML1 2TA	-	-	2	Flat
£55K	09/21	0.69 mi	66, Freesia Court, Motherwell, Lanarkshire ML1 2TB	-	-	2	Flat
£65K	11/21	0.77 mi	6, Glencairn Avenue, Wishaw, Lanarkshire ML2 7RG	-	-	2	Flat
£118.5K	09/21	0.79 mi	56, Broad Cairn Court, Motherwell, Lanarkshire ML1 2PE	-	-	2	Flat
£129K	04/21	0.81 mi	74, Glenhead Drive, Motherwell ML1 2DS	-	-	2	Flat
£25K	04/24	0.85 mi	99, Winning Quadrant, Wishaw, Lanarkshire ML2 7TS	-	-	2	Flat
£142K	09/21	0.94 mi	8, Imlach Place, Motherwell, Lanarkshire ML1 3FA	-	-	2	Flat
£121K	01/21	0.94 mi	32, Imlach Place, Motherwell, Lanarkshire ML1 3FD	-	-	2	Flat
£192.5K	06/21	0.96 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£69K	05/21	0.96 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£158K	10/21	0.99 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£105K	12/21	1.11 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£82K	11/21	1.12 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£100K	03/21	1.16 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£58K	09/21	1.21 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£72K	06/21	1.21 mi	173, Netherton Road, Wishaw, Lanarkshire ML2 0BS	-	-	2	Flat
£68.5K	06/21	1.25 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£102.2K	02/21	1.31 mi	33, Guthrie Court, Motherwell, Lan ML1 3FR	-	-	2	Flat
£110K	07/21	1.4 mi	11, Mctaggart Crescent, Motherwell, Lanarkshire ML1 4ZH	-	-	2	Flat
£119.5K	10/21	1.42 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£55K	12/21	1.5 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£56.5K	11/21	1.55 mi	3, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£63.5K	05/21	1.55 mi	11, Sidlaw Drive, Wishaw, Lanarkshire ML2 7PP	-	-	2	Flat
£127.5K	11/21	1.55 mi	173, Ladywell Road, Motherwell ML1 3HQ	-	-	2	Flat
£60K	06/21	1.56 mi	16a, Clarendon Road, Wishaw ML2 0AW	-	-	2	Flat
£63K	06/21	1.56 mi	12a, Oakbank Avenue, Wishaw, Lanarkshire ML2 0AL	-	-	2	Flat
£85K	06/21	1.57 mi	55, Cheviot Crescent, Wishaw, Lanarkshire ML2 7PN	-	-	2	Flat
£85K	08/24	1.57 mi	7, Cheviot Crescent, Wishaw, Lan ML2 7PN	-	-	2	Flat
£110K	04/24	1.6 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£82K	06/21	1.65 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£60K	02/21	1.67 mi	7, Cleland Road, Wishaw, Lan ML2 7PH	-	-	2	Flat
£86.5K	01/21	1.69 mi	48, Colville Court, Newarthill Road Carfin, Motherwell ML1 4BF	-	-	2	Flat
£124.6K	06/21	1.69 mi	27, Neilsland Drive, Motherwell ML1 3EB	-	-	2	Flat
£83K	05/21	1.69 mi	17, Anderson Court, Wishaw, Lanark ML2 7PD	-	-	2	Flat
£74K	07/21	1.71 mi	131, Marshall Street, Wishaw, Lanarkshire ML2 7NR	-	-	2	Flat
£30K	05/21	1.78 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£43.5K	02/24	1.79 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	1.79 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£76K	05/21	1.82 mi	32, Thorndene Avenue, Motherwell, Lanarkshire ML1 4DT	-	-	2	Flat
£54K	12/21	1.82 mi	40, Brodick Avenue, Motherwell, Lanarkshire ML1 3PS	-	-	2	Flat
£70K	08/24	1.85 mi	29 Goldcrest Court, Millbank Road, Wishaw, Lan ML2 0JE	-	-	2	Flat
£72K	06/21	1.85 mi	4, Goldcrest Court, Wishaw, Lanarkshire ML2 0JE	-	-	2	Flat

Local Rents

22 rents from £595/mo to £2K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£650	10/24	0.09 mi	-	2	Flat
£1,050	01/25	0.36 mi	-	2	Flat
£750	07/24	0.38 mi	-	2	Terraced House
£695	06/24	0.57 mi	Wellington Street, Wishaw	2	Flat
£1,795	12/24	0.61 mi	-	2	Flat
£1,675	04/25	0.61 mi	-	2	Flat
£1,195	05/24	0.61 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,495	05/24	0.63 mi	Dalzell House, Motherwell, ML1	2	Flat
£695	05/24	0.65 mi	Muirhouse Road, Motherwell, Lanarkshire, ML1	2	Flat
£650	07/24	0.67 mi	-	2	Flat
£800	12/24	0.68 mi	Cairnwell Gardens, Motherwell	2	Flat
£650	05/24	0.71 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£650	05/24	0.83 mi	Watson Street, Motherwell	2	Flat
£800	03/25	0.97 mi	-	2	Terraced House
£895	12/24	1 mi	-	2	Terraced House
£595	02/25	1.07 mi	-	2	Terraced House
£595	02/25	1.07 mi	-	2	Terraced House
£650	07/23	1.13 mi	-	2	Flat
£750	03/24	1.17 mi	-	2	Flat
£850	09/24	1.17 mi	-	2	Flat
£750	05/24	1.17 mi	Henderson Court, Motherwell, ML1	2	Flat
£1,999	12/24	1.18 mi	-	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.71 miles away1.71 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.67 miles away0.67 miles away

Rental growth (12m)	+69%+69%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £110,000

February 5, 2025

Floor Plans

Description

First Floor Flat +
2 Bedrooms +
1 Bathroom +
Modern Kitchen & Bathroom +
Garden Space +
Outbuild +
Perfect for first time buyers, downsizers or investors +

* CLOSING DATE SET WEDNESDAY 12TH FEBRUARY AT 1PM *
Hemmings Homes Property Listing
First Floor Flat | 2 Bedrooms | 1 Bathroom | Offers Over £110,000
Grange Street, Motherwell

Perfect for first-time buyers, downsizers, or investors, this well-presented first-floor flat offers modern living in a highly desirable location on Grange Street, Motherwell. With two spacious bedrooms and a stylish bathroom, this property is move-in ready. The modern kitchen and bathroom add to the appeal, providing convenience and comfort.

Additionally, the property includes a fantastic office outbuilding, ideal for home working, hobbies, or extra storage space.

The property is a 1996 build, ensuring a solid and contemporary structure.

Don't miss out on this fantastic opportunity to secure a property at an affordable price. Contact us today to arrange a viewing!

Agent Details

Hemmings Homes, Lanarkshire

01698 538069

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Under Offer

2 Bed Flat, Single Let, Motherwell, ML1 2DN

£90,000

1 views • a month ago • 68 m²

3 Bed House, Single Let, Motherwell, ML1 2DN

£155,000

5 views • 6 months ago • 93 m²

Sold STC

2 Bed House, Single Let, Motherwell, ML1 1SE

£150,000

2 months ago • 68 m²

4 Bed House, Single Let, Motherwell, ML1 2BW

£300,000

2 views • 3 months ago • 129 m²