2 Bed Flat, Single Let, Hamilton, ML3 8NH, £90,000

Nethan Gate, Hamilton, ML3 8NH - 2 views - 2 months ago

Sold STC
BTL
ROI: 10%
~68 m²
+10 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£600 - £895

Rent Estimate

£678

Running Costs/mo

£437

Cashflow/mo

£241

Cashflow/yr

£2,894

ROI

10%

Gross Yield

9%

Local Sold Prices

44 sold prices from £50K to £158K, average is £69K.

PriceDateDistanceAddressBeds 
£72K08/210.01 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.01 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.01 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£52.5K12/210.31 mi14, Valley Court, Hamilton ML3 8HW2
£72.5K03/240.34 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£64K08/210.42 mi94, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£83K08/210.43 mi88, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£64K03/210.51 mi111, Alness Street, Hamilton, Lanarkshire ML3 6TQ2
£65K04/210.51 mi58, Neilsland Road, Hamilton, Lan ML3 8HJ2
£117.5K08/210.53 mi51, Clydesdale Street, Hamilton ML3 0DD2
£50K01/210.53 mi25, Wylie Street, Hamilton, Lanarkshire ML3 6RL2
£70K02/210.53 mi66, Mill Road, Hamilton, Lan ML3 8HX2
£57.6K05/210.54 mi60, Marswood Green, Hamilton, Lanarkshire ML3 9EE2
£155K08/210.56 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2
£158K08/210.58 mi19/6, Union Street, Hamilton, Lanarkshire ML3 6PD2
£103K12/210.6 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2
£70K12/210.62 mi24, Orchard Street, Hamilton, Lanarkshire ML3 6PB2
£95K09/210.63 mi111, Hall Street, Hamilton, Lanarkshire ML3 6RY2
£70K08/210.64 mi53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU2
£67K06/210.64 mi11, Hillhouse Road, Hamilton, Lanarkshire ML3 9TB2
£138K06/210.65 mi52, Woodburn Park, Hamilton ML3 6AL2
£105K03/210.7 mi8, Kemp Court, Hamilton, Lanarkshire ML3 6QF2
£60K09/210.71 mi54, Roseberry Place, Hamilton, Lanarkshire ML3 9EP2
£131K05/210.72 mi9, Muirhill Court, Hamilton ML3 6DR2
£85K02/210.73 mi7, Saffronhall Lane, Hamilton, Lan ML3 6LS2
£67K07/210.73 mi104, Kenilworth Crescent, Hamilton ML3 9LT2
£62K12/210.76 mi9, George Court, Hamilton ML3 0NX2
£50K11/210.77 mi159, Hill Street, Hamilton, Lanarkshire ML3 9LJ2
£50K05/210.78 mi40, George Court, Hamilton, Lanarkshire ML3 9HG2
£59.5K01/210.79 mi50, King Street, Hamilton, Lanarkshire ML3 9JH2
£100K10/210.81 mi127, Caird Street, Hamilton, Lanarkshire ML3 0AL2
£64K04/210.82 mi4, Mayfield Road, Hamilton, Lanarkshire ML3 9LN2
£70K10/210.83 mi47, Gordon Road, Hamilton, Lanarkshire ML3 9LG2
£55K04/210.84 mi39, Holyrood Street, Hamilton, Lanarkshire ML3 0NG2
£66.5K07/210.86 mi8, Livingstone Street, Hamilton ML3 9LW2
£125K03/240.88 mi19, Coll Lea, Hamilton, Lan ML3 8BW2
£80K11/210.92 mi23, Common Green, Hamilton, Lanarkshire ML3 6BL2
£57K05/210.94 mi1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB2
£95K11/210.96 mi36a, Cadzow Street, Hamilton ML3 6DG2
£64K10/210.96 mi23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN2
£55K11/210.98 mi33, Bonnyton Lane, Hamilton ML3 8DU2
£68K10/210.99 mi22, Crawford Street, Hamilton ML3 0QH2
£53K09/210.99 mi26, Kintore Park, Hamilton, Lanarkshire ML3 8DH2
£56K10/210.99 mi4, Grammar School Square, Hamilton, Lanarkshire ML3 6BE2

Local Rents

19 rents from £600/mo to £895/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80003/250.16 mi-2
£80004/250.16 mi-2
£79503/250.19 mi-2
£77505/240.27 miPhilips Wynd, Hamilton2
£69505/240.31 mi-2
£60012/240.31 miValley Court, South Lanarkshire, Hamilton, ML32
£69504/250.32 mi-2
£65006/240.35 miGlebe Street, Hamilton, Lanarkshire, ML32
£89503/250.39 mi-2
£75003/250.44 mi-2
£69503/240.5 miBurnbank Road, Hamilton, ML3 9AQ2
£79506/240.53 miKirkfieldbank Way, Hamilton, Lanarkshire, ML32
£75012/240.56 miPark Road, Hamilton, Lanarkshire, ML32
£69506/240.56 miMorgan Street, Hamilton2
£79505/240.58 miSutherland Crescent, Hamilton, Lanarkshire, ML32
£72512/240.59 miArgyle Drive, Hamilton2
£79512/240.62 mi-2
£67505/240.62 miOrchard Street, Hamilton, Lanarkshire, ML32
£79505/240.62 mi-2

Property History

Listed for £90,000

February 25, 2025

Floor Plans

Description

  • 2 Bedroom Upper Flat In Central Area Of Hamilton +
  • Council Tax Band - C +
  • Private Parking & Garage +
  • Eletric Heating & Double Glazing +
  • Move In Ready - No Onward Chain +
  • Walking Distance To Hamilton Town Center +
  • Great School Catchment Area +

Hello, are you looking to buy a lovely, 2 bedroom, first floor apartment in a very popular & sought after development in Hamilton?
Would you like it to be situated in a great location with train station & shops close by?
What about a spacious lounge with large window that allows lots of natural light, fresh decor and neutral carpet?
How about a sleek and modern kitchen with white units and contrasting work tops, integrated oven and hob and plenty of space for your free standing appliances?
Would you like 2 double bedrooms both with the same fresh, white decor throughout and with fitted wardrobes in the primary room?
What about a modern family bathroom with a low level wc, sink with under counter vanity unit, shower over the bath and glass shower screen?
How about an electric heating system and double glazing?
Would you like security entry and private parking, plus a garage for extra storage options?
What about sitting within well maintained communal gardens, with lovely mature trees in a quiet residential development off Chantinghall Road?
If so, igloo have what you're looking for!

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 💪