2 Bed Flat, Single Let, Hamilton, ML3 8HF, £67,995

Wellbrae Road, Hamilton, South Lanarkshire, ML3 8HF - a month ago

Sold STC
BTL
ROI: 17%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£50K - £155K

 

 

Square Metres

~68.11 m²

Value Estimate

£64,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,999

Stamp Duty & Legal Fees

£3,240

Total Cash In

£20,239

 

 

Cash Out

 

Rent Range

£600 - £950

Rent Estimate

£641

Running Costs/mo

£361

Cashflow/mo

£280

Cashflow/yr

£3,364

ROI

17%

Gross Yield

11%

Local Sold Prices

26 sold prices from £50K to £155K, average is £72.3K.

PriceDateDistanceAddressBeds 
£65K04/210.13 mi58, Neilsland Road, Hamilton, Lan ML3 8HJ2
£64K10/210.33 mi23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN2
£57K05/210.34 mi1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB2
£55K11/210.35 mi33, Bonnyton Lane, Hamilton ML3 8DU2
£53K09/210.35 mi26, Kintore Park, Hamilton, Lanarkshire ML3 8DH2
£70K02/210.38 mi66, Mill Road, Hamilton, Lan ML3 8HX2
£52.5K12/210.38 mi14, Valley Court, Hamilton ML3 8HW2
£64K08/210.4 mi94, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£83K08/210.41 mi88, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£127K06/210.41 mi17, Neilsland Drive, Hamilton, Lan ML3 8AJ2
£71K03/210.45 mi31, Fairhill Place, Hamilton ML3 8AH2
£72.5K03/240.45 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£95K09/210.47 mi111, Hall Street, Hamilton, Lanarkshire ML3 6RY2
£64K03/210.55 mi111, Alness Street, Hamilton, Lanarkshire ML3 6TQ2
£105K09/210.57 mi4/4, Redwood Lane, Hamilton ML3 8SS2
£96K04/210.57 mi6/4, Redwood Lane, Hamilton ML3 8SS2
£117.3K09/210.57 mi6/3, Redwood Lane, Hamilton ML3 8SS2
£78.4K03/240.57 mi46, Strathaven Road, Hamilton, Lan ML3 7RE2
£105K09/210.59 mi23, Cypress Lane, Hamilton ML3 8SR2
£125K03/240.63 mi19, Coll Lea, Hamilton, Lan ML3 8BW2
£72K08/210.65 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.65 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.65 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£50K01/210.79 mi25, Wylie Street, Hamilton, Lanarkshire ML3 6RL2
£67K06/210.82 mi11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB2
£155K08/210.99 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2

Local Rents

15 rents from £600/mo to £950/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£79505/240.08 mi-2
£79505/240.17 mi-2
£85005/240.26 miSolway Court, Hamilton, ML32
£89503/250.35 mi-2
£60012/240.38 miValley Court, South Lanarkshire, Hamilton, ML32
£69505/240.39 mi-2
£79502/250.44 mi-2
£69501/250.45 mi-2
£62506/240.49 miSt Annes Court, Hamilton2
£82506/240.5 mi-2
£75003/250.57 mi-2
£65012/240.57 miStrathaven Road, Hamilton, South Lanarkshire, ML3 7RE2
£75005/240.59 mi-2
£72501/250.6 mi-2
£95002/250.61 mi-2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £67,995

February 20, 2025

Description

  • Desirable Ground Floor +
  • Double Glazing +
  • Gas Central Heating +
  • Ideal Starter Home or Buy To Let +
  • Well-Proportioned Rooms +
  • Popular Location +
  • Close Proximity to Amenities +

Bohome Estate Agents presents this well-proportioned two-bedroom ground-floor flat, situated in a highly sought-after area of Hamilton. Offering spacious interiors and excellent potential, this property is ideal for first-time buyers, downsizers, or investors looking for a home they can personalise to their taste.

The property comprises a large hallway leading to a bright and airy lounge, which provides a comfortable living space and flows seamlessly into the well-sized dining kitchen. Overlooking the communal rear garden, the kitchen offers plenty of space for dining and storage.

Both double bedrooms are generously proportioned, allowing for freestanding furniture and flexibility in layout. The family bathroom serves the property well, and with some updating, could be transformed into a modern space.

The property benefits from neutral décor throughout, gas central heating, and double glazing, ensuring warmth and energy efficiency.

Location
Wellbrae Road is located in a highly desirable residential pocket of Hamilton, offering easy access to local amenities, transport links, and schools. Hamilton town centre is just a short distance away, providing a variety of shops, supermarkets, cafés, and restaurants.

For commuters, Hamilton Central and Hamilton West train stations offer direct routes to Glasgow and beyond, while regular bus services and excellent road links, including the nearby M74 motorway, make travel easy. The property is also close to Strathclyde Country Park, providing fantastic outdoor space for walking, cycling, and leisure activities.

With its great location, spacious rooms, and scope for improvement, this property presents an excellent opportunity for buyers looking to create their ideal home.

Why Bohome Estate Agents?

Bohome Estate Agents is proud to have won Scotland's Business Awards - Best Estate Agent 2023/24 and is a finalist for April 2025. Our commitment to providing exceptional service, achieving the
best results for our clients, and doing '1000 things differently' sets us apart.

Thinking of selling? Book a free, no-obligation valuation with Bohome Estate Agents today and discover how we can help you achieve the best possible price for your home.

Call us, visit or follow @BohomeEstateAgents to arrange a viewing or FREE valuation.

Council Tax Band: A
Tenure: Freehold

Agent Details

Bohome, Hamilton

01698 537685

Next Steps?

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