3 Bed Semi-Detached House, Single Let, Motherwell, ML1 3NT, £85,000

Citadel Place, Motherwell, ML1 3NT - 1 views - 2 months ago

Sold STC
BTL
ROI: 15%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£92.5K - £375K

 

 

Square Metres

~93 m²

Value Estimate

£92,500
BMV9%

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 - £1,100

Rent Estimate

£744

Running Costs/mo

£434

Cashflow/mo

£310

Cashflow/yr

£3,715

ROI

15%

Gross Yield

11%

Local Sold Prices

28 sold prices from £92.5K to £375K, average is £165.5K.

PriceDateDistanceAddressBeds 
£105K12/210.14 mi97, Fort Street, Motherwell, Lanarkshire ML1 3RQ3
£220.1K10/210.18 mi8, Senate Place, Motherwell ML1 3GE3
£92.5K06/210.31 mi37, Horatius Street, Motherwell, Lanarkshire ML1 3RR3
£154.1K05/210.32 mi18, Horatius Street, Motherwell, Lanarkshire ML1 3RR3
£185K02/240.33 mi48, Grainger Way, Motherwell, Lanarkshire ML1 3GY3
£148K12/210.38 mi4, Gibson Quadrant, Motherwell, Lanarkshire ML1 3TG3
£151K06/210.48 mi39, Alyssum Crescent, Motherwell, Lan ML1 1DF3
£160K07/210.51 mi13, Sunflower Gardens, Motherwell, Lanarkshire ML1 1BZ3
£210K03/210.52 mi4, Boyd Drive, Motherwell, Lanarkshire ML1 3HX3
£247.5K12/210.53 mi5, Kethers Lane, Motherwell, Lanarkshire ML1 3HL3
£150K08/210.55 mi133, Roman Road, Motherwell, Lanarkshire ML1 1EA3
£171K09/210.58 mi123, Parkneuk Street, Motherwell, Lanarkshire ML1 1BY3
£295K08/210.61 mi56, Orchard Street, Motherwell, Lanarkshire ML1 3JD3
£260.3K12/210.63 mi70, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£375K07/210.63 mi32, Douglas Street, Motherwell, Lanarkshire ML1 3JG3
£253.8K01/210.63 mi39, The Loaning, Motherwell, Lan ML1 3HE3
£265K02/240.69 mi26, Cunningham Street, Motherwell, Lanarkshire ML1 3EP3
£267.5K02/210.72 mi6, Viewpark Road, Motherwell, Lan ML1 3ER3
£136K11/210.76 mi2, Calder Grove, Motherwell, Lanarkshire ML1 1EP3
£143.5K12/210.77 mi3, Golf Place, Bellshill, Lanarkshire ML4 2DH3
£160K01/210.81 mi9, Community Avenue, Bellshill, Lan ML4 2DD3
£310K04/240.81 mi108, Crawford Street, Motherwell, Lanarkshire ML1 3BN3
£105K11/210.87 mi23, Liberty Road, Bellshill, Lanarkshire ML4 2EY3
£103K02/210.88 mi74, Community Road, Bellshill, Lanarkshire ML4 2DA3
£125K01/210.91 mi12, New View Drive, Bellshill, Lan ML4 2EZ3
£245.5K10/210.95 mi35, Alexander Gibson Way, Motherwell, Lan ML1 3FA3
£197.5K09/210.96 mi10, Cobbett Road, Motherwell, Lanarkshire ML1 3BX3
£118K02/240.97 mi66, Glencalder Crescent, Bellshill, Lanarkshire ML4 2NG3

Local Rents

17 rents from £699/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75002/250.21 mi-3
£1,10003/250.31 mi-3
£77505/240.39 miBellshill Road, Motherwell, ML13
£72505/240.46 miScotia Street, Motherwell3
£1,05002/240.49 mi-3
£75005/240.62 mi-3
£69912/240.62 mi-3
£95008/230.64 mi-3
£99503/240.64 mi-3
£92512/240.64 mi-3
£82506/230.85 mi-3
£79502/240.87 mi-3
£89512/240.87 mi-3
£99509/231 mi-3
£85003/251.01 mi-3
£82505/241.02 miWatson Street, Motherwell, ML13
£89511/241.19 mi-3

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

2.06 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £85,000

February 7, 2025

Floor Plans

Description

  • Spacious Semi Detached Property +
  • Great Investment Opportunity +
  • 3 Great Size Bedrooms With Built In Storage +
  • Generous Plot With Great Gardens To Front Side & Rear +
  • Off Road Parking +
  • Close to Town Centre +
  • Close to Local Transport Links +
  • Council Tax Band -A +

Hello, are you looking for fantastic investment opportunity, or a property to turn into a family home; a spacious 3 bedroom semi detached house in a popular part of Motherwell?
Would you like it to be well placed for easy access to motorway links and within easy reach of the town centre, train station and local bus routes?
How about a spacious lounge with large front facing windows allowing for plenty of natural light, and offering lots of space for your free standing furniture?
What about the chance to install the kitchen of your dreams, complete with a large pantry cupboard and back door access to the rear garden?
Would you be looking for 3 great size bedrooms on the upper floor, all with neutral decor, carpeted flooring and benefiting from built in storage?
How about a half tiled family bathroom on the ground floor with 3 piece suite and electric shower over the corner bath?
What about large gardens to front side and rear thanks, to the property's generous plot?
If this sounds like you, Igloo have what you're looking for!

For more information or to arrange a viewing on this 3 bedroom semi-detached house with bags of potential, 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?

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