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3 Bed Flat, Single Let, Motherwell, ML1 5QZ, £75,000

75,000 Chapel Street, Motherwell, ML1 5QZ - 2 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£20K - £250K

 

 

Square Metres

~93 m²

Value Estimate

£75,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£425 - £2,350

Rent Estimate

£475

Running Costs/mo

£349

Cashflow/mo

£126

Cashflow/yr

£1,508

ROI

7%

Gross Yield

8%

Local Sold Prices

15 sold prices from £20K to £250K, average is £72K.

PriceDateDistanceAddressBeds 
£250K01/210.64 mi24, Bellside Road, Cleland, Motherwell, Lan ML1 5NP3
£80K04/240.98 mi27, Gowkhall Avenue, Motherwell, Lanarkshire ML1 5JF3
£77K08/211.1 mi125, High Street, Motherwell, Lanarkshire ML1 5JH3
£28K05/211.31 mi12, Stobo Street, Wishaw, Lanarkshire ML2 8QW3
£45K01/211.49 mi22, Fiddoch Court, Newmains, Wishaw, Lanarkshire ML2 9DT3
£39K04/211.52 mi4, Fiddoch Court, Newmains ML2 9DT3
£75K06/211.89 mi39, Stewart Crescent, Newmains, Wishaw, Lanarkshire ML2 9DJ3
£163K01/212.18 mi50, East Thornlie Street, Wishaw, Lan ML2 8BB3
£65K11/212.39 mi8, Range Street, Motherwell ML1 2HT3
£119K08/212.48 mi4, Broad Cairn Court, Motherwell ML1 2PE3
£31.3K10/212.91 mi36, Jimmy Sneddon Way, Motherwell ML1 3YG3
£20K12/212.92 mi117, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT3
£72K11/212.92 mi249, Airbles Street, Motherwell ML1 1XZ3
£75.5K04/242.92 mi233, Airbles Street, Motherwell, Lanarkshire ML1 1XZ3
£46K05/212.94 mi7, Talisman Crescent, Motherwell, Lanarkshire ML1 3YB3

Local Rents

52 rents from £425/mo to £2.4K/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£55003/250.14 mi-1
£69512/240.16 mi-2
£69512/240.16 miOmoa Road, Cleland, ML12
£55012/240.16 mi-1
£1,85001/250.44 mi-5
£75005/240.5 miTinto Way, Cleland, North Lanarkshire, ML13
£79502/240.51 mi-3
£45005/240.52 mi-1
£85004/250.53 mi-3
£69506/240.58 mi-2
£85002/240.63 mi-2
£85002/250.63 mi-2
£85003/250.63 mi-2
£75005/240.81 miNorth Dryburgh Road, Wishaw2
£75005/240.84 miNorth Dryburgh Road, Wishaw2
£89505/241 mi-3
£83008/241.08 mi-2
£75002/241.14 mi-2
£85012/241.17 mi-3
£85012/241.17 mi-3
£85011/241.19 mi-3
£42510/231.2 mi-1
£50003/251.2 mi-1
£55005/241.21 miBanff Quadrant, Wishaw, Lanarkshire1
£55005/241.21 miMuirhead Drive, Newarthill, Motherwell, North Lanarkshire, ML1 5TG1
£55005/241.25 miGreenside Street, Motherwell, North Lanarkshire, ML1 5TQ1
£1,00004/251.25 mi-2
£75009/231.25 mi-2
£75010/241.25 mi-2
£1,45005/241.26 miSkylark Wynd, Motherwell, North Lanarkshire, ML1 1AQ4
£79512/231.3 mi-3
£79512/231.3 mi-3
£1,20003/241.3 miBrock Place, Motherwell, Lanarkshire, ML13
£50006/241.32 miGreenlaw Avenue, Wishaw3
£77506/241.4 mi46 Coldstream Crescent, Coltness, Wishaw, ML2 8QL3
£1,49505/241.46 miMeadowhead Cottage, Wishaw, Lanarkshire, ML24
£69506/241.5 mi13 Kildonan Court Wishaw ML2 9DL2
£59506/241.5 mi5 Kildonan Court, Newmains, Wishaw, ML2 9DL2
£47504/231.54 mi-2
£2,35005/241.6 miGlen Road, Wishaw5
£2,35006/241.6 miGlen Road, Wishaw5
£65012/241.64 mi-2
£1,20005/241.64 miIona Quadrant, Wishaw, ML24
£1,25009/241.65 mi-3
£47505/241.66 miTiree Crescent, Newmains, North Lanarkshire, ML21
£47506/241.66 miTiree Crescent, Newmains, North Lanarkshire, ML21
£79511/231.68 mi-2
£89511/241.68 mi-2
£62505/241.7 miIvanhoe Crescent, Wishaw, Lanarkshire, ML22
£70004/251.7 mi-2
£89510/241.7 mi-2
£80003/251.72 mi-2

Links

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £75,000

February 14, 2025

Floor Plans

Description

  • Great Location +
  • 3 Bedrooms +
  • Modern Bathroom and Kitchen +
  • Large Living Space +
  • Garden Area +
  • Perfect for first time buyers or investors! +

* CLOSING DATE SET FRIDAY 21ST FEBRUARY AT 11AM *
This charming 3-bedroom flat located on Chapel Street in Cleland offers the perfect blend of comfort and modern living, set in a desirable location. Built in 1950, this well-maintained property has been thoughtfully updated to include a new white kitchen and a stylish new bathroom, ensuring a fresh and contemporary feel.

The flat features a spacious living room, providing a welcoming space for both relaxing and entertaining. The property also benefits from a convenient WC, alongside the main bathroom, making it ideal for families or those who enjoy extra space.

Outside, you'll find a private garden space perfect for outdoor relaxation, gardening, or simply enjoying the fresh air.

With its modern updates, convenient location, and ample living space, this flat is an excellent opportunity for those looking to move into a well-appointed home in Cleland.

Offers Over £75,000
Home Report £80,000

Agent Details

Hemmings Homes, Lanarkshire

01698 538069

Next Steps?

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

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