2 Bed Flat, Single Let, Hamilton, ML3 8HN, £60,000

Neilsland Road, Lanarkshire, Hamilton, ML3 8HN - 2 months ago

Sold STC

BTL

ROI: 20%

~68 m²

+2 photos

ValuationFair Value

Sold Prices	£50K - £158K

Square Metres	~68.11 m²
Value Estimate	£60,500£60,500

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£3,000£3,000
Total Cash In	£18,000£18,000

Cash Out
Rent Range	£600 - £950£600 - £950
Rent Estimate	£638
Running Costs/mo	£335£335
Cashflow/mo	£303£303
Cashflow/yr	£3,635£3,635
ROI	20%20%
Gross Yield	13%13%

Local Sold Prices

29 sold prices from £50K to £158K, average is £72.5K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	04/21	0.16 mi	58, Neilsland Road, Hamilton, Lan ML3 8HJ	-	-	2	Flat
£64K	10/21	0.31 mi	23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN	-	-	2	Flat
£70K	02/21	0.31 mi	66, Mill Road, Hamilton, Lan ML3 8HX	-	-	2	Flat
£53K	09/21	0.34 mi	26, Kintore Park, Hamilton, Lanarkshire ML3 8DH	-	-	2	Flat
£64K	08/21	0.35 mi	94, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£83K	08/21	0.36 mi	88, Mill Road, Hamilton, Lanarkshire ML3 8HY	-	-	2	Flat
£55K	11/21	0.36 mi	33, Bonnyton Lane, Hamilton ML3 8DU	-	-	2	Flat
£127K	06/21	0.37 mi	17, Neilsland Drive, Hamilton, Lan ML3 8AJ	-	-	2	Flat
£52.5K	12/21	0.38 mi	14, Valley Court, Hamilton ML3 8HW	-	-	2	Flat
£95K	09/21	0.38 mi	111, Hall Street, Hamilton, Lanarkshire ML3 6RY	-	-	2	Flat
£57K	05/21	0.39 mi	1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB	-	-	2	Flat
£71K	03/21	0.42 mi	31, Fairhill Place, Hamilton ML3 8AH	-	-	2	Flat
£72.5K	03/24	0.42 mi	1, Mill Grove, Hamilton, Lan ML3 6TS	-	-	2	Flat
£78.4K	03/24	0.48 mi	46, Strathaven Road, Hamilton, Lan ML3 7RE	-	-	2	Flat
£64K	03/21	0.49 mi	111, Alness Street, Hamilton, Lanarkshire ML3 6TQ	-	-	2	Flat
£105K	09/21	0.64 mi	4/4, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£96K	04/21	0.64 mi	6/4, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£117.3K	09/21	0.64 mi	6/3, Redwood Lane, Hamilton ML3 8SS	-	-	2	Flat
£72K	08/21	0.67 mi	9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£95.3K	12/21	0.67 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£85K	03/21	0.67 mi	24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH	-	-	2	Flat
£105K	09/21	0.67 mi	23, Cypress Lane, Hamilton ML3 8SR	-	-	2	Flat
£125K	03/24	0.74 mi	19, Coll Lea, Hamilton, Lan ML3 8BW	-	-	2	Flat
£50K	01/21	0.74 mi	25, Wylie Street, Hamilton, Lanarkshire ML3 6RL	-	-	2	Flat
£67K	06/21	0.91 mi	11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB	-	-	2	Flat
£155K	08/21	0.95 mi	2/7, Park Road, Hamilton, Lanarkshire ML3 6PD	-	-	2	Flat
£105K	03/21	0.96 mi	8, Kemp Court, Hamilton, Lanarkshire ML3 6QF	-	-	2	Flat
£158K	08/21	0.97 mi	19/6, Union Street, Hamilton, Lanarkshire ML3 6PD	-	-	2	Flat
£70K	12/21	0.98 mi	24, Orchard Street, Hamilton, Lanarkshire ML3 6PB	-	-	2	Flat

Local Rents

14 rents from £600/mo to £950/mo, average is £773/mo.

Rent	Date	Distance	Address	Beds	Type
£795	05/24	0.05 mi	-	2	Flat
£795	05/24	0.08 mi	-	2	Flat
£850	05/24	0.32 mi	Solway Court, Hamilton, ML3	2	Terraced House
£895	03/25	0.32 mi	-	2	Terraced House
£600	12/24	0.38 mi	Valley Court, South Lanarkshire, Hamilton, ML3	2	Flat
£695	05/24	0.38 mi	-	2	Flat
£625	06/24	0.38 mi	St Annes Court, Hamilton	2	Flat
£825	06/24	0.4 mi	-	2	Flat
£695	01/25	0.42 mi	-	2	Flat
£795	02/25	0.47 mi	-	2	Flat
£650	12/24	0.48 mi	Strathaven Road, Hamilton, South Lanarkshire, ML3 7RE	2	Flat
£725	01/25	0.5 mi	-	2	Flat
£950	02/25	0.51 mi	-	2	Flat
£750	03/25	0.52 mi	-	2	Flat

Local Area Statistics

Population in Hamilton	51,58551,585
Town centre distance	0.23 miles away0.23 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.01 miles away1.01 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £60,000

February 10, 2025

Description

Well-presented two bedroom first floor cottage flat in the popular area of Hamilton. The property comprises; spacious lounge, two bedrooms with ample storage, kitchen and modern family bathroom. Located in popular area of Hamilton close to all local amenities, schools and town centre. The property has been recently refurbished with spacious rooms, gas central heating and private garden to the rear. Outstanding investment or first time buy - available for immediate purchase. Notes: This property is for sale under terms to allow for maximum commitment to the sale from both parties, a buyer’s premium may apply to secure a property. EPC rating: D.

Agent Details

Standard Sale, Galashiels

01896 809174

Next Steps?

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

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Local Area Statistics

Property History

Description

Agent Details

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Cashflows

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