3 Bed Flat, Single Let, Motherwell, ML1 1LG, £85,000

Addie Street, Motherwell, ML1 1LG - 1 views - 2 months ago

Sold STC
BTL
ROI: 15%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£20K - £225K

 

 

Square Metres

~93 m²

Value Estimate

£81,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£699 - £1,250

Rent Estimate

£750

Running Costs/mo

£436

Cashflow/mo

£314

Cashflow/yr

£3,773

ROI

15%

Gross Yield

11%

Local Sold Prices

25 sold prices from £20K to £225K, average is £85K.

PriceDateDistanceAddressBeds 
£133K05/210.65 mi109, Hamilton Road, Motherwell, Lanarkshire ML1 3DG3
£20K12/210.72 mi117, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT3
£31.3K10/210.78 mi36, Jimmy Sneddon Way, Motherwell ML1 3YG3
£72K11/210.84 mi249, Airbles Street, Motherwell ML1 1XZ3
£75.5K04/240.84 mi233, Airbles Street, Motherwell, Lanarkshire ML1 1XZ3
£46K05/210.87 mi7, Talisman Crescent, Motherwell, Lanarkshire ML1 3YB3
£135K04/210.89 mi46, Imlach Place, Motherwell, Lanarkshire ML1 3FD3
£87K10/211.05 mi31, Ailsa Avenue, Motherwell, Lanarkshire ML1 3LY3
£65K11/211.33 mi8, Range Street, Motherwell ML1 2HT3
£85K09/211.72 mi185, Motherwell Road, Bellshill, Lanarkshire ML4 2JG3
£85K02/211.72 mi207, Motherwell Road, Bellshill, Lanarkshire ML4 2JG3
£82K02/241.82 mi93, Thorndean Avenue, Bellshill, Lanarkshire ML4 2LL3
£119K08/211.87 mi4, Broad Cairn Court, Motherwell ML1 2PE3
£80K01/211.89 mi125, Motherwell Road, Bellshill, Lan ML4 2JD3
£90K10/211.89 mi576, Main Street, Bellshill, Lanarkshire ML4 1DL3
£87.5K04/241.96 mi8, Thorndean Avenue, Bellshill, Lanarkshire ML4 2LH3
£77K08/212.2 mi125, High Street, Motherwell, Lanarkshire ML1 5JH3
£162.5K10/212.24 mi49, Avonbridge Drive, Hamilton ML3 7EG3
£80K04/242.24 mi27, Gowkhall Avenue, Motherwell, Lanarkshire ML1 5JF3
£225K03/212.57 mi51, The Paddock, Hamilton ML3 0RF3
£178K03/212.65 mi8, Orchard Brae, Hamilton ML3 6JD3
£151K05/212.7 mi2/1, Park Road, Hamilton, Lanarkshire ML3 6PD3
£92K04/212.75 mi23, Senga Crescent, Bellshill, Lanarkshire ML4 1JT3
£95K02/242.8 mi129, Rockburn Crescent, Bellshill, Lanarkshire ML4 3EX3
£28K05/212.98 mi12, Stobo Street, Wishaw, Lanarkshire ML2 8QW3

Local Rents

19 rents from £699/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85003/250.18 mi-3
£95008/230.33 mi-3
£99503/240.33 mi-3
£92512/240.33 mi-3
£72505/240.65 miScotia Street, Motherwell3
£82505/240.67 miWatson Street, Motherwell, ML13
£85007/240.73 mi-3
£75002/250.76 mi-3
£1,05002/240.78 mi-3
£77505/240.84 miBellshill Road, Motherwell, ML13
£75005/240.84 mi-3
£69912/240.84 mi-3
£1,25009/240.99 mi-3
£82506/231.04 mi-3
£92505/241.12 miCarfin Street, New Stevenston3
£1,20003/241.16 miBrock Place, Motherwell, Lanarkshire, ML13
£99503/241.2 mi-3
£75005/241.22 miGlassford Street, Motherwell3
£1,10003/251.23 mi-3

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £85,000

February 6, 2025

Floor Plans

Description

  • 3 Bedroom, Top Floor Flat In Motehrwell Town Centre +
  • Gas Central Heating & Double Glazing +
  • Balcony +
  • Floored Loft +
  • Secured Door Entry +
  • Within Walking Distance To Motherwell Train Station +
  • Council Tax Band -B +

Hello, are you looking to buy an immaculate, top floor flat in a popular area of Motherwell?
Would you like to be well located within the middle of Motherwell town centre with easy access to major motorway links, plus being minute's away from local shops & Motherwell train station?
What about a lovely and very spacious, bright neutrally decorated lounge with feature fireplace & patio doors leading to a private balcony to enjoy the summer evenings?
How about a modern kitchen, with shaker style units, complimenting work tops and wood effect flooring, offering integrated eye level oven, ceramic hob and offering plenty of space for your freestanding white goods?
Would you be needing an apartment with 3 great sized double bedrooms, 2 with built in wardrobes, with the same laminate flooring continued throughout, and the 3rd Bedroom being currently utilised as a formal dining room with plenty of room for hosting visiting friends and family?
What about a half tiled bathroom which consists of a low level WC, pedestal sink, bath and separate walk in shower enclosure with electric shower?
How would you like secure door entry, double glazing and gas central heating and a fully floored loft?
If so, Igloo have what you're looking for!

For more information on this property or to arrange a viewing, please call us today!

FULL HOME REPORT AND MORTGAGE VALUATION
The home report information pack includes :
1. Single Survey and Mortgage Valuation -This gives information about the properties current condition, and any problems it has and how urgently they need attention. A generic mortgage valuation report is included which potential buyers can take to their lenders to assist in the arrangement of their mortgage.
2. Energy Performance Certificate : This report will show how "green" the property is and will rate the home A-G for energy efficiency (similar to how fridges and freezers are rated). The report will recommend how to improve the property's energy efficiency.
3. Property Questionnaire : This is completed by the seller, and it shows who the gas and electricity supplier are, the parking arrangements, council tax band, and other useful general information.
A copy of this full report can be made available to any genuinely interested buyers of this property on request.

Where floor plans are used, these are intended for guidance purposes only. Measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission or mis-statement.

Agent Details

Igloo, Hamilton

01698 533984

Next Steps?

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