2 Bed Flat, Single Let, Wishaw, ML2 7DZ £93,000

Ivanhoe Crescent, Wishaw, ML2 7DZ - 1 views - 9 months ago
BTL
ROI: 5%
~63 m²
Property image

ValuationOvervalued

Sold Prices£37K - £160K
Sold Prices/m²£536/m² - £2.1K/m²

 

 

Square Metres

~62.70 m²
Price/m²£1.5K/m²

Value Estimate

£84,829

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,250

Stamp Duty & Legal Fees

£5,850

Total Cash In

£29,100

 

 

Cash Out

 

Rent Range

£400 - £795

Rent Estimate

£543

Running Costs/mo

£419

Cashflow/mo

£124

Cashflow/yr

£1,485

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £37K to £160K, average is £87.9K. £536/m² to £2.1K/m², average is £1.5K/m².

Price
Date
Distance
Address
Beds
 
£110.1K06/250 mi24, Ivanhoe Crescent, Wishaw ML2 7DZ2
£110.1K06/250 mi24, Ivanhoe Crescent, Wishaw ML2 7DZ2
£85K09/210.06 mi19, Devine Court, Wishaw ML2 7ES2
£120K07/250.06 mi25, Devine Court, Wishaw ML2 7ES2
£76K03/230.07 mi64, Waverley Drive, Wishaw ML2 7JW2
£98K01/250.07 mi58, Waverley Drive, Wishaw ML2 7JW2
£114.2K04/240.08 mi22, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£82.5K07/210.08 mi40, Auchenstewart Court, Wishaw, Lanarkshire ML2 7BU2
£115K01/250.08 miAuchenstewart Court, 16, Ryde Road, Wishaw ML2 7BU2
£84K03/230.1 mi87, Waverley Drive, Wishaw ML2 7JW2
£100.9K02/250.1 mi18, Lammermoor Terrace, Wishaw ML2 7EA2
£104K06/250.12 mi4, Kirkvale Court, Kirk Road, Wishaw ML2 7BP2
£75K04/250.13 mi104, Waverley Drive, Wishaw ML2 7DR2
£70K05/210.14 mi105, Ivanhoe Crescent, Wishaw, Lanarkshire ML2 7DT2
£71K06/210.15 mi94, Waverley Drive, Wishaw, Lanarkshire ML2 7DR2
£89.5K04/250.19 mi82, Ivanhoe Crescent, Wishaw ML2 7DT2
£92K04/230.25 mi14, Osprey Crescent, Wishaw ML2 7BF2
£98K07/250.27 mi23, Woodstock Drive, Wishaw ML2 7DP2
£49K04/250.28 mi28, Kirk Road, Wishaw ML2 7BL2
£50K12/210.28 mi5, Kirk Road, Wishaw, Lanarkshire ML2 7BL2
£60K02/250.3 mi212, Main Street, Wishaw ML2 7LU2
£65K02/250.32 mi73a, Shand Street, Wishaw ML2 8BX2
£86.3K02/250.32 mi7, Belhaven Terrace, Wishaw ML2 7AY2
£97K06/250.33 mi15, Belhaven Terrace, Wishaw ML2 7AY2
£91K08/250.33 mi17, Belhaven Terrace, Wishaw ML2 7AY2
£85K06/210.34 mi5, Harestone Road, Wishaw ML2 8DB2
£37K03/240.34 mi21, Belhaven Terrace, Wishaw ML2 7AY2
£61K04/230.4 mi96, Shand Street, Wishaw ML2 8DA2
£125K08/250.41 mi30, Mossneuk Crescent, Coltness, Wishaw ML2 8LS2
£160K03/230.41 mi10, Coronation Street, Cambusnethan, Wishaw ML2 8LF2
£51K05/230.42 mi8, The Roundel, Greenhead, Wishaw ML2 8JQ2
£72.5K09/210.43 mi111, Russell Street, Wishaw, Lanark ML2 7AP2
£101K08/250.43 mi111, Russell Street, Wishaw ML2 7AP2
£42K06/240.44 mi55, Beechwood Crescent, Wishaw, Lanarkshire ML2 8JF2
£72.8K02/250.44 mi55, Beechwood Crescent, Greenhead, Wishaw ML2 8JF2
£89.8K01/250.45 mi428d, Main Street, Wishaw ML2 7PL2
£83K11/210.47 mi70, Miller Street, Wishaw ML2 7BB2
£110K03/250.47 mi107, Campbell Street, Wishaw ML2 8HY2
£76.3K03/230.49 mi1, Banchory Road, Coltness, Wishaw ML2 7YX2
£93K12/210.5 mi11, Berriedale Quad, Wishaw ML2 7YY2
£40K08/250.5 mi29, Miller Street, Wishaw ML2 7BB2
£75K04/250.52 mi9, Banff Quadrant, Coltness, Wishaw ML2 7YL2
£90K07/250.52 mi20, Banff Quadrant, Coltness, Wishaw ML2 7YL2
£67K02/250.53 mi18, Flat 2, Cambusnethan Street, Cambusnethan, Wishaw ML2 8NN2
£148K04/230.53 mi19, May Gardens, Wishaw ML2 7PB2
£83K05/210.54 mi17, Anderson Court, Wishaw, Lanark ML2 7PD2
£92K03/230.55 mi22, Banchory Road, Coltness, Wishaw ML2 7YX2
£118K06/250.55 mi22, Banchory Road, Coltness, Wishaw ML2 7YX2
£93K05/230.55 mi14, Banchory Road, Coltness, Wishaw ML2 7YX2
£118K06/250.55 mi22, Banchory Road, Coltness, Wishaw ML2 7YX2

Local Rents

50 rents from £400/mo to £795/mo, average is £675/mo.

Rent
Date
Distance
Address
Beds
 
£67505/250.09 miKirk Road, Wishaw, ML22
£70004/250.14 mi-2
£62505/240.14 miIvanhoe Crescent, Wishaw, Lanarkshire, ML22
£65012/240.23 mi-2
£49508/250.25 miYoung Street, Wishaw2
£60007/250.25 miYoung Street, Wishaw2
£40008/250.25 miYoung Street, Wishaw, North Lanarkshire, ML2 8HJ2
£55008/250.25 miYoung Street, Wishaw, North Lanarkshire, ML2 8HJ2
£67512/240.26 mi-2
£72510/240.26 mi-2
£72504/250.26 mi-2
£65006/240.27 miWellington Street, Wishaw, ML22
£75008/250.28 miMain Street, Wishaw2
£59506/240.29 mi57 Main Street, Wishaw, ML2 7AB2
£79505/240.3 miMain Street, Wishaw, Lanarkshire, ML22
£69510/250.31 miCurlinghaugh Crescent, Wishaw2
£65009/250.33 miCurlinghaugh Crescent, Wishaw, ML22
£70008/240.33 mi-2
£77507/250.34 mi-2
£77507/250.34 miYarrow Crescent, Wishaw, ML22
£77507/250.34 miYarrow Crescent, Wishaw, ML22
£75006/250.34 miYarrow Crescent, Wishaw2
£75007/250.34 miYarrow Crescent, Wishaw2
£75007/250.34 miYarrow Crescent, Wishaw2
£69512/240.35 mi-2
£79509/250.35 miMain Street,Wishaw,ML22
£59507/240.37 mi-2
£69508/250.39 miBelhaven Terrace, Wishaw2
£54008/250.4 miStewarton Street, Wishaw, ML22
£57508/250.4 miStewarton Street, Wishaw, ML22
£59508/250.4 miShand Street, Wishaw2
£55005/240.43 mi45 Beechwood Crescent, Wishaw, ML2 8JF2
£65010/230.44 mi-2
£65007/240.44 mi-2
£70011/250.44 mi-2
£60011/250.44 miBeechwood Crescent, Wishaw, Lanarkshire, ML22
£70010/250.44 miBeechwood Crescent, Wishaw, ML22
£67511/250.44 miBeechwood Crescent, Wishaw, ML22
£65008/250.44 miMiller Street, Wishaw2
£69510/250.45 miBeechwood Crescent, Wishaw2
£62508/250.45 miCampbell Street, Wishaw2
£75011/250.45 miCampbell St, Wishaw2
£62507/250.47 miMiller Street, Wishaw, Lanarkshire, ML22
£70011/250.47 miMiller Street, Wishaw, North Lanarkshire, ML22
£65006/250.48 miWest Thornlie Street, Wishaw2
£59508/250.48 miDakala Court, Wishaw, ML2 7AE2
£69511/250.49 mi-2
£70012/240.49 mi-2
£65008/250.49 miDakala Court, Wishaw, ML22
£70004/250.5 mi-2

Local Area Statistics

Population in Wishaw

40,577

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

-11%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £93,000

February 13, 2025

Floor Plans

Property image

Description

  • Perfect for First Time Buyers +
  • Large Front Facing Lounge +
  • Newly Fitted Kitchen +
  • Recently renovated Bathroom +
  • 2 Large Double Bedrooms +
  • Private Rear Garden +
  • Exceptionally Large Driveway +
  • Double Glazing and Gas Central Heating +
  • Close to Local Amenities +
  • Council Tax Band - A +

Hello, are you a first time buyer or are you looking to downsize to a 2 bedroom ground floor flat in a highly popular area of Wishaw?
Would you like your property to be well placed for commuting with access to motorway links, and local public transport close by?
How would you like a bright lounge presented in neutral décor with laminate flooring and large picture window allowing lots of natural light to come streaming in?
What about a generous kitchen with traditional shaker style units, real wood worktops, tiled splashback, with integrated eye level oven, Stainless steel gas burner hob and large pantry cupboards?
Would you be interested in two great size double bedrooms, with carpeted flooring, offering plenty of space for all of your free standing bedroom furniture and just waiting for you to make your own?
How would you like a recently upgraded bathroom, with fully tiled walls, shower over the bath, vanity sink unit and low level wc?
What about a private rear garden mainly laid to lawn which offers you flexibility to enjoy the garden with family and friends in the summer evenings?
Would you like the added benefit of an exceptionally large front driveway big enough to fit 4 cars the perfect addition for all your visiting family and friends?
How about a property that is offering Gas central heating, Double glazing and in close proximity to local amenities?
If so, Igloo has what you're looking for!

For more information or to arrange a viewing on this excellent starter or investment property, 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 💪