2 Bed Terraced House, Single Let, Motherwell, ML1 5JQ, £85,000

High Street, Motherwell, ML1 5JQ - 2 views - 2 months ago

Sold STC
BTL
ROI: 13%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£71.5K - £177.7K

 

 

Square Metres

~68.11 m²

Value Estimate

£82,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£695 - £950

Rent Estimate

£702

Running Costs/mo

£426

Cashflow/mo

£276

Cashflow/yr

£3,312

ROI

13%

Gross Yield

10%

Local Sold Prices

31 sold prices from £71.5K to £177.7K, average is £99.5K.

PriceDateDistanceAddressBeds 
£78.1K02/210.16 mi35, Caledonia Drive, Motherwell, Lanarkshire ML1 5JN2
£95K12/210.26 mi32, Pickerstonhill, Motherwell, Lanarkshire ML1 5BW2
£78.8K04/210.32 mi2, Stanefield Drive, Motherwell, Lanarkshire ML1 5BH2
£98K01/210.76 mi5, Poplar Way, Motherwell, Lan ML1 5GY2
£121K03/210.77 mi165, Taylor Avenue, Motherwell, Lanark ML1 5EU2
£128.3K08/210.81 mi29, Bernadette Crescent, Motherwell, Lanarkshire ML1 5AH2
£125K04/211.14 mi7, Klondike Court, New Stevenston, Motherwell ML1 4FA2
£80K03/211.17 mi17, Lithgow Drive, Cleland, Motherwell, Lanarkshire ML1 5RB2
£100K12/211.18 mi46, Omoa Road, Cleland, Motherwell, Lanarkshire ML1 5RQ2
£99.5K04/241.25 mi25, Birch Street, Motherwell, Lanarkshire ML1 4SF2
£90K04/211.29 mi17, Union Street, Motherwell, Lanarkshire ML1 4HE2
£71.5K08/211.29 mi1, Station Road, Cleland, Motherwell, Lanarkshire ML1 5NW2
£165K05/211.37 mi27, Castle Avenue, Motherwell ML1 4TX2
£91K04/211.46 mi13, Glendeveron Way, Carfin, Motherwell, Lanark ML1 4FP2
£126K02/241.57 mi14, Eildon Crescent, Chapelhall, Airdrie, Lanarkshire ML6 8BG2
£102.5K07/211.61 mi10, Park Avenue, Motherwell, Lanarkshire ML1 4XT2
£145K03/211.61 mi178, Jerviston Street, New Stevenston, Motherwell ML1 4HT2
£137.5K11/211.62 mi11, Drumore Avenue, Chapelhall, Airdrie, Lanarkshire ML6 8HB2
£125K11/211.63 mi23, Park Street, New Stevenston, Motherwell, Lanarkshire ML1 4HU2
£117K06/211.7 mi4, Cuillin Place, Chapelhall, Airdrie, Lanark ML6 8HY2
£96K02/211.76 mi10, Queens Crescent, Motherwell, Lanarkshire ML1 4JA2
£100K06/241.78 mi277, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HW2
£100K03/211.79 mi417, Merry Street, Motherwell, Lanarkshire ML1 4BP2
£177.7K12/211.85 mi9, Lyman Drive, Wishaw, Lanarkshire ML2 8ST2
£88K10/211.88 mi238, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HL2
£85K06/211.9 mi190, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HQ2
£78K06/241.9 mi169, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HQ2
£142K04/241.93 mi15, Russell Street, Chapelhall, Airdrie, Lanarkshire ML6 8SG2
£91.8K10/211.93 mi11, Buchan Street, Wishaw, Lanarkshire ML2 7HG2
£82.5K06/211.95 mi48, Duns Crescent, Wishaw ML2 8SD2
£82K07/211.97 mi39, Lauder Crescent, Wishaw, Lanarkshire ML2 7HF2

Local Rents

10 rents from £695/mo to £950/mo, average is £840/mo.

RentDateDistanceAddressBeds 
£83008/240.08 mi-2
£75002/240.18 mi-2
£95003/250.63 mi-2
£85002/240.84 mi-2
£85002/250.84 mi-2
£85002/250.84 mi-2
£85005/241.11 miLaberge Gardens, Motherwell, Lanarkshire, ML12
£79505/241.17 miDornoch Road, Motherwell, North Lanarkshire, ML12
£69512/241.19 mi-2
£69512/241.19 miOmoa Road, Cleland, ML12

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £85,000

February 19, 2025

Floor Plans

Description

  • A Place to Call Home! +
  • Allocated Parking +
  • Ample Storage +
  • Two Double Bedrooms +
  • White Goods Included +
  • Deceptively Spacious +
  • Newly Fitted Floor Coverings & Fresh Decor +

A handsome two-bedroom end terraced cottage, offering deceptively spacious interiors and a stylish, modern finish throughout. Located in a sought-after area, this home is perfect for first-time buyers, downsizers, or investors looking for a well-presented property with excellent local amenities and transport links.

The property boasts a bright and contemporary front-facing kitchen, finished in high-white gloss with striking black splash-back tiling. There is ample base and wall-mounted storage, a new electric cooker with an electric hob, a new washing machine, and a fridge-freezer. The generous space comfortably accommodates a dining area, making it a fantastic social space.

At the rear of the property, the spacious lounge provides a welcoming and relaxing environment, with patio doors leading out to a charming boutique-paved garden area, which offers ample room for outdoor seating and dining.

The ground floor is completed by a well-appointed bathroom, featuring a bathtub, a separate shower cubicle, crisp white tiling, vinyl flooring, and fresh décor.

Upstairs, there are two well-proportioned double bedrooms, both benefiting from skylight windows that flood the rooms with natural light. Additional storage is provided by two large cupboards, and the newly fitted carpets and fresh décor add to the move-in-ready appeal of this home.

Location

Newarthill is a village in North Lanarkshire, situated roughly three miles north of Motherwell. The property is well positioned, with Mosshall Street Primary School a stones throw away, making it an excellent choice for families.

The local area boasts a wide range of sports and leisure facilities, including the Ravenscraig Regional Sports Facility and the nearby Strathclyde Country Park, perfect for outdoor enthusiasts.

For commuters, the area offers regular bus and train links , providing easy access to surrounding towns and cities, including Glasgow and Edinburgh. The recently extended M8 motorway is within close proximity, ensuring excellent road connections throughout Scotland's commuter belt

This property is a real gem and early viewing is highly recommended.

Council Tax Band: B
Tenure: Freehold

Agent Details

Bohome, Hamilton

01698 537685

Next Steps?

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