2 Bed Flat, Single Let, Motherwell, ML1 1EQ, £80,000

Calderview, Motherwell, North Lanarkshire, ML1 1EQ - a month ago

Sold STC

BTL

ROI: 12%

~68 m²

+15 photos

ValuationOvervalued

Sold Prices	£30K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£55,000£55,000

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,200£25,200

Cash Out
Rent Range	£650 - £1,999£650 - £1,999
Rent Estimate	£650
Running Costs/mo	£400£400
Cashflow/mo	£250£250
Cashflow/yr	£3,000£3,000
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

24 sold prices from £30K to £192.5K, average is £82K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£58K	09/21	0.15 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£69K	05/21	0.18 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£68.5K	06/21	0.19 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£82K	11/21	0.39 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£100K	03/21	0.45 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£192.5K	06/21	0.51 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£87.5K	07/21	0.6 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£110K	04/24	0.64 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£158K	10/21	0.65 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£105K	12/21	0.66 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£119.5K	10/21	0.66 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£30K	05/21	0.72 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£43.5K	02/24	0.74 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	0.74 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£55K	12/21	0.79 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£142K	09/21	0.83 mi	8, Imlach Place, Motherwell, Lanarkshire ML1 3FA	-	-	2	Flat
£121K	01/21	0.83 mi	32, Imlach Place, Motherwell, Lanarkshire ML1 3FD	-	-	2	Flat
£60.3K	11/21	0.84 mi	15, Freesia Court, Motherwell, Lanarkshire ML1 2TA	-	-	2	Flat
£55K	09/21	0.86 mi	66, Freesia Court, Motherwell, Lanarkshire ML1 2TB	-	-	2	Flat
£39.5K	04/24	0.86 mi	250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA	-	-	2	Flat
£102.2K	02/21	0.9 mi	33, Guthrie Court, Motherwell, Lan ML1 3FR	-	-	2	Flat
£73K	08/21	0.93 mi	59, Fort Street, Motherwell ML1 3QP	-	-	2	Flat
£82K	06/21	0.98 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£127.5K	11/21	0.99 mi	173, Ladywell Road, Motherwell ML1 3HQ	-	-	2	Flat

Local Rents

13 rents from £650/mo to £2K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.2 mi	-	2	Flat
£750	12/24	0.2 mi	-	2	Flat
£650	07/23	0.38 mi	-	2	Flat
£695	12/24	0.4 mi	3 Findlay Court, Motherwell, ML1 1LA	2	Flat
£1,999	12/24	0.43 mi	-	2	Flat
£750	03/24	0.44 mi	-	2	Flat
£850	09/24	0.44 mi	-	2	Flat
£750	05/24	0.44 mi	Henderson Court, Motherwell, ML1	2	Flat
£650	05/24	0.49 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£1,195	05/24	0.56 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,795	12/24	0.56 mi	-	2	Flat
£1,675	03/25	0.56 mi	-	2	Flat
£650	05/24	0.61 mi	Watson Street, Motherwell	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.32 miles away1.32 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental growth (12m)	+69%+69%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £80,000

February 25, 2025

Floor Plans

Description

Two bedroom ground floor cottage flat, situated within a prime positioning in Motherwell. The property is ideally placed within walking distance to the train station and local amenities, ideal for first time buyers and downsizers alike, early viewing is highly recommended. The property comprises entrance vestibule, a good sized lounge with open outlook to the front of the property, fully fitted kitchen, two well proportioned bedrooms ( master with built in wardrobes) and a modern three piece shower room. In addition there is a storage cupboard in the hall, double glazing,gas central heating and a communal garden. Early viewing is advised.

Please Note: We are required under The Estate Agents Act 1979, and the Provision of Information Regulations 1991, to point out that the client we are acting for on the sale of this property is a "connected person" as defined by that act.