3 Bed Flat, Single Let, Hamilton, ML3 8NH, £95,000

Nethan Gate, Hamilton, ML3 8NH - 1 views - 2 months ago

BTL
ROI: 10%
~93 m²
+14 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£580 - £1,400

Rent Estimate

£686

Running Costs/mo

£454

Cashflow/mo

£232

Cashflow/yr

£2,783

ROI

10%

Gross Yield

9%

Local Sold Prices

11 sold prices from £72K to £228.5K, average is £135K.

PriceDateDistanceAddressBeds 
£151K05/210.58 mi2/1, Park Road, Hamilton, Lanarkshire ML3 6PD3
£178K03/210.6 mi8, Orchard Brae, Hamilton ML3 6JD3
£85K12/210.97 mi11, Albert Street, Hamilton, Lanarkshire ML3 0JZ3
£225K03/211.14 mi51, The Paddock, Hamilton ML3 0RF3
£162.5K10/211.21 mi49, Avonbridge Drive, Hamilton ML3 7EG3
£87K10/212.26 mi31, Ailsa Avenue, Motherwell, Lanarkshire ML1 3LY3
£228.5K07/212.52 mi44, Limekilnburn Road, Quarter, Hamilton, Lanarkshire ML3 7XA3
£135K04/212.53 mi46, Imlach Place, Motherwell, Lanarkshire ML1 3FD3
£133K05/212.63 mi109, Hamilton Road, Motherwell, Lanarkshire ML1 3DG3
£72K11/212.73 mi249, Airbles Street, Motherwell ML1 1XZ3
£75.5K04/242.73 mi233, Airbles Street, Motherwell, Lanarkshire ML1 1XZ3

Local Rents

26 rents from £580/mo to £1.4K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£77505/240.18 miArbroath Grove, Hamilton, South Lanarkshire, ML3 8PF3
£79512/240.42 miLinden Lea, Hamilton, South Lanarkshire, ML3 9AD3
£85005/240.46 miMontrose Crescent, Hamilton3
£97012/240.53 mi-3
£85012/240.59 mi-3
£58009/240.7 mi-3
£89505/240.72 miWellhall Road, Hamilton, Lanarkshire, ML33
£1,30005/240.76 miPortland Place, Hamilton, Lanarkshire, ML33
£87512/240.76 miQuarry Street, Hamilton3
£87505/240.77 miGilmour Drive, Hamilton3
£1,39512/240.77 miCadzow Street, Hamilton, South Lanarkshire, ML33
£75011/240.78 mi-3
£1,29512/240.79 mi-3
£79512/240.8 mi-3
£82505/240.89 mi-3
£1,35005/240.96 miMote Hill, Hamilton3
£82512/240.99 mi-3
£1,09505/241.01 mi-3
£1,09505/241.01 mi-3
£1,09505/241.01 miCampbell Close, Hamilton, ML33
£80005/241.04 mi6 Downfield Drive Hamilton ML3 8DG3
£1,20006/241.05 miAnderson Street, Hamilton3
£1,40009/241.06 mi-3
£1,25005/241.06 miHamilton Park South, Hamilton, Lanarkshire, ML33
£1,25012/241.08 mi-3
£59504/251.12 mi-3

Property History

Listed for £95,000

February 13, 2025

Floor Plans

Description

  • 3 Bedroom Upper Flat In Central Area Of Hamilton +
  • Electric Heating System & Double Glazing +
  • Council Tax Band - D +
  • Residential Parking & Garage +
  • Fantastic Location, Walking Distance To Train Station +
  • Property Is Empty - No Onward Chain +
  • Ample Storage +

Hello, are you looking for a 3 bedroom mid floor flat within sought after private development located a few minutes from Hamilton town centre?
Would you be interested in a property that is well proportioned throughout, with huge potential & just waiting for you to put your own stamp on it?
What about a big bright lounge with enough space for a dining table that has a large front window allowing for lots of natural light?
How about an ample sized kitchen with wooden units, plenty of worktop space, tiled splashback, plus all white goods included?
Would you be looking for 3 good sized bedrooms, all with carpeting flooring & built in storage?
What about a 3 piece bathroom suite with fully tiled walls, walk in shower enclosure, pedestal sink and WC?
How about security entry, residential parking and a garage for extra storage facility's?
Would you like well maintained communal gardens within a quite residential development off Chantinghall Road?
If so, igloo have what you're looking for!

You really don't want to miss out on this one! For more information please contact 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 💪