2 Bed Flat, Single Let, Hamilton, ML3 6QD, £79,995

Quarry Street, Hamilton, ML3 6QD - 2 months ago

Under Offer
BTL
ROI: 10%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£50K - £158K

 

 

Square Metres

~68.11 m²

Value Estimate

£70,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,999

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,599

 

 

Cash Out

 

Rent Range

£580 - £1,295

Rent Estimate

£591

Running Costs/mo

£388

Cashflow/mo

£203

Cashflow/yr

£2,434

ROI

10%

Gross Yield

9%

Local Sold Prices

27 sold prices from £50K to £158K, average is £85K.

PriceDateDistanceAddressBeds 
£105K03/210.1 mi8, Kemp Court, Hamilton, Lanarkshire ML3 6QF2
£70K12/210.12 mi24, Orchard Street, Hamilton, Lanarkshire ML3 6PB2
£155K08/210.14 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2
£50K01/210.15 mi25, Wylie Street, Hamilton, Lanarkshire ML3 6RL2
£158K08/210.16 mi19/6, Union Street, Hamilton, Lanarkshire ML3 6PD2
£138K06/210.22 mi52, Woodburn Park, Hamilton ML3 6AL2
£131K05/210.4 mi9, Muirhill Court, Hamilton ML3 6DR2
£64K03/210.4 mi111, Alness Street, Hamilton, Lanarkshire ML3 6TQ2
£95K11/210.42 mi36a, Cadzow Street, Hamilton ML3 6DG2
£80K11/210.44 mi23, Common Green, Hamilton, Lanarkshire ML3 6BL2
£85K02/210.44 mi7, Saffronhall Lane, Hamilton, Lan ML3 6LS2
£72.5K03/240.49 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£56K10/210.53 mi4, Grammar School Square, Hamilton, Lanarkshire ML3 6BE2
£83K08/210.53 mi88, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£64K08/210.53 mi94, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£95K09/210.56 mi111, Hall Street, Hamilton, Lanarkshire ML3 6RY2
£122K05/210.57 mi3, Avonbridge Drive, Hamilton, Lanarkshire ML3 7EG2
£70K02/210.58 mi66, Mill Road, Hamilton, Lan ML3 8HX2
£52.5K12/210.58 mi14, Valley Court, Hamilton ML3 8HW2
£72K08/210.62 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.62 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.62 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£117.5K08/210.65 mi51, Clydesdale Street, Hamilton ML3 0DD2
£100.6K01/210.71 mi8 Cadzow Houses, The Furlongs, Hamilton, Lanarkshire ML3 0DZ2
£100K10/210.82 mi127, Caird Street, Hamilton, Lanarkshire ML3 0AL2
£65K04/210.82 mi58, Neilsland Road, Hamilton, Lan ML3 8HJ2
£103K12/210.89 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2

Local Rents

31 rents from £580/mo to £1.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£58005/240.09 mi-2
£65005/240.1 miKemp Court, Hamilton, South Lanarkshire, ML32
£79505/240.11 miQuarry Street, Hamilton, Lanarkshire, ML32
£59512/240.12 mi-2
£67505/240.12 miOrchard Street, Hamilton, Lanarkshire, ML32
£69506/240.13 miMorgan Street, Hamilton2
£75012/240.14 miPark Road, Hamilton, Lanarkshire, ML32
£69503/250.19 mi-2
£60004/250.2 mi-2
£65005/240.22 miJohn Street, Hamilton, South Lanarkshire, ML32
£65006/240.28 miGlebe Street, Hamilton, Lanarkshire, ML32
£87512/240.28 mi-2
£87506/240.28 miHigh Patrick Street, Hamilton, ML32
£85005/240.34 miAuchingramont Road, Hamilton2
£75003/250.36 mi-2
£67505/240.36 miRegent Way, Hamilton, Lanarkshire, ML32
£1,29506/240.4 miCadzow Street, Hamilton, South Lanarkshire, ML32
£92506/240.41 miMay Wynd, Hamilton2
£69505/240.43 miQuarry Street, Hamilton2
£65005/240.44 miCommon Green, Hamilton, South Lanarkshire, ML3 6BL2
£79505/240.44 miCadzow Street, Hamilton, ML32
£92505/240.47 miCastle Street, Hamilton2
£85003/240.49 miSaffronhall Gardens, Hamilton, ML3 6AE2
£69504/250.5 mi-2
£75006/240.51 miCampbell Close, Hamilton, South Lanarkshire, ML32
£69505/240.58 mi-2
£60012/240.58 miValley Court, South Lanarkshire, Hamilton, ML32
£89503/250.59 mi-2
£82511/240.6 mi-2
£85004/250.6 mi-2
£82511/240.61 mi-2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £79,995

February 19, 2025

Floor Plans

Description

  • 2 Bedrooms +
  • Bright and Spacious +
  • Central Heating and Double Glazing +
  • Close to amenties +
  • Excellent First Time Buyer Property +
  • Fitted Kitchen +
  • Large garden +

A spacious two-bedroom flat located within the popular Quarry street in Hamilton. This well-positioned property is perfectly placed to gain access to local amenities such as shops, bars, and restaurants.

On arrival, you are welcomed by excellent parking facilities for residents and guests. The entrance to the property is via a secure entry door and a well-kept close leads to the upper floor.

Internally the accommodation comprises a reception hallway, a bright and spacious lounge, a large newly fitted kitchen, two good-sized bedrooms, a three-piece bathroom, and a large storage cupboard.

The home is heated via gas central heating and double-glazed windows are installed throughout.

Location

Quarry street enjoys a highly central and convenient location that offers immediate access to a host of amenities and Hamilton town centre. There is a variety of supermarkets, local shops, and a fabulous range of leisure facilities within the nearby Hamilton Palace sports facility. The Train Station is approximately 5-minute walk from the property. There is established schooling at both primary and secondary levels whilst, in addition, there is ready access to the M74 motorway network which connects to the central belt and beyond.

Tenure: Freehold

Agent Details

Momo Homes, Hamilton

01698 538053

Next Steps?

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