2 Bed Flat, Single Let, Motherwell, ML1 1HE, £65,000

211D4 Northfield Street, Motherwell, North Lanarkshire, ML1 1XA - 2 months ago

Sold STC

BTL

ROI: 11%

~68 m²

+12 photos

ValuationOvervalued

Sold Prices	£30K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£59,463£59,463

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£495 - £3,000£495 - £3,000
Rent Estimate	£500
Running Costs/mo	£323£323
Cashflow/mo	£177£177
Cashflow/yr	£2,123£2,123
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

21 sold prices from £30K to £192.5K, average is £73K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68.5K	06/21	0.07 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£58K	09/21	0.07 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£82K	11/21	0.35 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£69K	05/21	0.37 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£30K	05/21	0.56 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£100K	03/21	0.58 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£43.5K	02/24	0.59 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	0.59 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£110K	04/24	0.61 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£55K	12/21	0.65 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£192.5K	06/21	0.69 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£39.5K	04/24	0.71 mi	250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA	-	-	2	Flat
£119.5K	10/21	0.73 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£87.5K	07/21	0.8 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£105K	12/21	0.82 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£158K	10/21	0.82 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£82K	06/21	0.84 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£73K	08/21	0.89 mi	59, Fort Street, Motherwell ML1 3QP	-	-	2	Flat
£57.5K	03/21	0.92 mi	166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT	-	-	2	Flat
£60K	02/21	0.92 mi	156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT	-	-	2	Flat
£105K	02/24	0.99 mi	81, Roxburgh Court, Motherwell, Lanarkshire ML1 4GQ	-	-	2	Flat

Local Rents

41 rents from £495/mo to £3K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.07 mi	-	2	Flat
£750	12/24	0.07 mi	-	2	Flat
£650	07/23	0.32 mi	-	2	Flat
£695	12/24	0.42 mi	3 Findlay Court, Motherwell, ML1 1LA	2	Flat
£495	12/24	0.54 mi	-	2	Flat
£550	12/23	0.55 mi	-	2	Flat
£550	12/23	0.55 mi	-	2	Flat
£550	12/23	0.55 mi	-	2	Flat
£1,999	12/24	0.56 mi	-	2	Flat
£750	03/24	0.56 mi	-	2	Flat
£850	09/24	0.56 mi	-	2	Flat
£750	05/24	0.56 mi	Henderson Court, Motherwell, ML1	2	Flat
£600	12/24	0.64 mi	Dalriada Crescent, Motherwell	2	Flat
£650	05/24	0.7 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£500	05/23	0.7 mi	-	2	Flat
£500	02/24	0.7 mi	-	2	Flat
£650	09/24	0.73 mi	-	2	Flat
£850	05/24	0.73 mi	Bruce Avenue, Motherwell, Lanarkshire, ML1	2	Flat
£1,195	05/24	0.76 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,795	12/24	0.76 mi	-	2	Flat
£1,675	03/25	0.76 mi	-	2	Flat
£650	12/24	0.8 mi	Arran Road, Motherwell, Lanarkshire, ML1	2	Flat
£650	05/24	0.8 mi	Watson Street, Motherwell	2	Flat
£750	11/23	0.84 mi	-	2	Flat
£750	11/23	0.84 mi	-	2	Flat
£775	05/24	0.86 mi	Bellshill Road, Motherwell, Lanarkshire	2	Flat
£3,000	02/25	0.88 mi	-	2	Semi-Detached House
£775	10/23	0.91 mi	-	2	Flat
£775	07/24	0.91 mi	-	2	Flat
£650	10/24	0.92 mi	-	2	Flat
£795	05/24	0.95 mi	Frood Street, Motherwell	2	Semi-Detached House
£625	03/24	1.02 mi	-	2	Flat
£660	12/24	1.06 mi	-	2	Flat
£1,050	01/25	1.1 mi	-	2	Flat
£895	03/24	1.12 mi	Leyland Road, Motherwell, ML1 3FX	2	Flat
£800	06/24	1.14 mi	Boyd Drive, Motherwell, ML1	2	Semi-Detached House
£800	12/24	1.14 mi	-	2	Semi-Detached House
£800	12/24	1.14 mi	-	2	Semi-Detached House
£650	10/24	1.16 mi	-	2	Flat
£595	02/25	1.23 mi	-	2	Terraced House
£595	02/25	1.23 mi	-	2	Terraced House

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.22 miles away1.22 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.48 miles away0.48 miles away

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

Property History

Listed for £65,000

February 7, 2025

Floor Plans

Description

Ground Floor Flat +
Two Bedrooms +
Family Bathroom Room +
Spacious Lounge +
Gas Central Heating +
Double Glazed Windows +

Located within the town of Motherwell and providing bright and airy accommodation, lies this spacious two bedroom lower cottage flat.

This well presented property offers a welcoming entrance hallway, a bright airy front facing lounge area with laminate flooring, large bay style window allowing for plenty of natural daylight. The modern kitchen/dining area features fitted wall and floor mounted units with built in appliances with space for freestanding white goods. Two double bedrooms, both of which are carpeted throughout. The fully tiled bathroom comprises of WC, wash hand basin and corner bath. The property is further enhanced with double glazed windows, gas central heating, and sizeable garden grounds to the front and rear.

Motherwell offers a great selection of shops, bars, restaurants and leisure facilities. It is perfectly located for the commuter, with the M74 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.