2 Bed Flat, Single Let, Hamilton, ML3 0QG, £70,000

Glasgow Road, Hamilton, ML3 0QG - 3 views - 2 months ago

Sold STC
BTL
ROI: 12%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£26K - £250K

 

 

Square Metres

~68.11 m²

Value Estimate

£67,750

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£525 - £2,700

Rent Estimate

£569

Running Costs/mo

£353

Cashflow/mo

£216

Cashflow/yr

£2,597

ROI

12%

Gross Yield

10%

Local Sold Prices

24 sold prices from £26K to £250K, average is £65.3K.

PriceDateDistanceAddressBeds 
£43K11/210.03 mi261, Glasgow Road, Hamilton ML3 0QG2
£68K10/210.06 mi22, Crawford Street, Hamilton ML3 0QH2
£71K12/210.1 mi168, Glasgow Road, Hamilton, Lanarkshire ML3 0QZ2
£55K04/210.25 mi39, Holyrood Street, Hamilton, Lanarkshire ML3 0NG2
£50K05/210.27 mi40, George Court, Hamilton, Lanarkshire ML3 9HG2
£62K12/210.29 mi9, George Court, Hamilton ML3 0NX2
£60K09/210.35 mi54, Roseberry Place, Hamilton, Lanarkshire ML3 9EP2
£59.5K01/210.37 mi50, King Street, Hamilton, Lanarkshire ML3 9JH2
£45K03/210.4 mi57, Auchintibber Court, Blantyre, Glasgow, Lanark G72 0YW2
£70K08/210.41 mi53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU2
£66.5K07/210.47 mi8, Livingstone Street, Hamilton ML3 9LW2
£67K07/210.48 mi104, Kenilworth Crescent, Hamilton ML3 9LT2
£57.6K05/210.51 mi60, Marswood Green, Hamilton, Lanarkshire ML3 9EE2
£36.3K08/210.53 mi46, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NP2
£26K01/210.56 mi99, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NR2
£64K04/210.56 mi4, Mayfield Road, Hamilton, Lanarkshire ML3 9LN2
£70K10/210.58 mi47, Gordon Road, Hamilton, Lanarkshire ML3 9LG2
£103K12/210.61 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2
£50K11/210.63 mi159, Hill Street, Hamilton, Lanarkshire ML3 9LJ2
£117.5K08/210.86 mi51, Clydesdale Street, Hamilton ML3 0DD2
£100K10/210.88 mi127, Caird Street, Hamilton, Lanarkshire ML3 0AL2
£67K06/210.91 mi11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB2
£75K09/210.95 mi134, Victoria Street, Blantyre, Glasgow, Lanark G72 0EF2
£250K09/210.95 mi17, Hamilton Park North, Hamilton, Lanark ML3 0FG2

Local Rents

33 rents from £525/mo to £2.7K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£69510/230.09 mi-2
£75004/250.09 mi-2
£65005/240.19 miGeorge Street, Hamilton, South Lanarkshire, ML32
£57512/230.27 mi-2
£85005/240.28 mi-2
£67506/240.29 miGeorge Court, Hamilton, Lanarkshire, ML32
£69506/240.3 miCopperwood Court, Hamilton2
£65005/240.3 mi75 George Court, Hamilton, ML3 0NZ2
£55011/230.34 mi-2
£87511/240.34 mi-2
£52505/240.35 mi-2
£75005/240.36 mi-2
£78012/240.36 mi-2
£72506/240.37 mi51, King Street, Hamilton, ML3 9JH2
£65006/240.38 miRoseberry Place, Burnbank, Hamilton2
£60012/240.42 mi-2
£72504/250.44 mi-2
£2,70003/250.45 mi-2
£72512/240.46 miArgyle Drive, Hamilton2
£69506/240.46 miHill Street, Hamilton, South Lanarkshire, ML32
£85008/240.47 mi-2
£1,70005/240.5 mi-2
£1,70012/240.5 mi-2
£67512/240.52 miKenilworth Crescent, Hamilton2
£79505/240.54 miSutherland Crescent, Hamilton, Lanarkshire, ML32
£85005/240.55 mi-2
£85005/240.55 mi-2
£92503/250.55 mi-2
£69502/240.55 mi-2
£87512/240.55 mi-2
£79512/240.59 mi-2
£65006/240.61 miGordon Terrace, Hamilton2
£69505/240.61 miFleming Court, Hamilton2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £70,000

February 21, 2025

Floor Plans

Description

  • 2 Bedroom Upper Flat With Main Door Entry +
  • Central Hamilton Location +
  • Electric Heating System & Double Glazing +
  • Modern Kitchen +
  • Private Parking To Rear +
  • Council Tax Band - B +
  • Great 1st Time Buyers Home +

Hello, are you looking for a good size 2 bedroom upper floor flat with main door entry in a popular, central area of Hamilton?
Would you like a big, bright lounge with neutral decor, beautiful complimenting wooden flooring, feature fireplace and plenty of space for you freestanding furniture?
How about a modern family kitchen with grey high gloss units, complementing worktops, space for all white goods, finished in a modern wet-wall panelling?
What about 2 great sized double bedrooms both with carpeting flooring & large built in wardrobes?
Would you like a newly renovated bathroom with curved shower enclosure, finished in a modern wet-wall panelling?
How about private parking to the rear, plus being in walking distance to local shops & town centre?
If so, igloo have what you're looking for!

Call igloo to view this very versatile property that could suit a number of buyers!

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 💪