3 Bed Terraced House, Refurb/BRRR, Hamilton, ML3 9EL, £110,000

Pitcairn Terrace, Hamilton, South Lanarkshire, ML3 9EL - a month ago

Sold STC
Refurb/BRRR
ROI: 9%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£42K - £248.6K

 

 

Square Metres

~93 m²

Value Estimate

£106,335

 

 

End Value (After Refurb)

£70,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£36,400

Bridging Loan Interest

£2,888

Total Cash In

£73,038

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,000

Mortgage (After Refinance)

£52,500

Mortgage LTV

75%

Cash Left In

£73,038

Equity

£17,500

Rent Range

£580 - £1,400

Rent Estimate

£957

Running Costs/mo

£430

Cashflow/mo

£527

Cashflow/yr

£6,322

ROI

9%

Gross Yield

10%

Local Sold Prices

24 sold prices from £42K to £248.6K, average is £148.1K.

PriceDateDistanceAddressBeds 
£219.6K04/210.03 mi92, Argyle Drive, Hamilton, Lanarkshire ML3 9EG3
£125.1K09/210.04 mi38, Blair Atholl Gardens, Hamilton ML3 9FF3
£110.5K01/210.09 mi51, Leys Park, Hamilton, Lanark ML3 9EQ3
£118K04/210.21 mi18, Waverley Street, Hamilton, Lanarkshire ML3 9NE3
£126K10/210.36 mi25, Gordon Terrace, Hamilton, Lanarkshire ML3 9LQ3
£103.5K10/210.47 mi24, Hillhouse Crescent, Hamilton ML3 9TF3
£153K02/210.52 mi20, Andrew Paton Way, Hamilton, Lan ML3 0GB3
£162K03/240.6 mi15, Gilmour Drive, Hamilton, Lan ML3 9UQ3
£72K09/210.62 mi6, Hillhead Terrace, Hamilton, Lanarkshire ML3 9RZ3
£148K01/210.66 mi121, Wellhall Road, Hamilton, Lan ML3 9XN3
£76K03/210.66 mi20, Wellcroft Road, Hamilton, Lanarkshire ML3 9SG3
£180K07/210.69 mi53, Rosevale Crescent, Hamilton, Lanarkshire ML3 8NX3
£148.1K02/210.69 mi87, Rosevale Crescent, Hamilton, Lan ML3 8NX3
£97.5K06/210.69 mi23, Raeburn Crescent, Hamilton, Lanarkshire ML3 9QD3
£185.1K03/240.75 mi2, Whistleberry Wynd, Hamilton, Lan ML3 0SE3
£91.2K12/210.77 mi79, Clarkwell Road, Hamilton, Lanarkshire ML3 9RQ3
£195K07/210.77 mi93, Rederech Crescent, Hamilton, Lanarkshire ML3 8QE3
£42K12/210.78 mi91, Fleming Way, Hamilton ML3 9QH3
£157.5K04/210.82 mi1, Eriskay Avenue, Hamilton, Lanarkshire ML3 8QB3
£110K02/210.87 mi68, Whistleberry Crescent, Hamilton ML3 0PT3
£180.4K06/210.88 mi44, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£248.6K12/210.88 mi42, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£185.1K11/210.94 mi24, Baird Gardens, Blantyre, Glasgow, Lanarkshire G72 0WT3
£157K03/210.95 mi1, Dalbeattie Drive, Blantyre, Glasgow, Lanarkshire G72 0WJ3

Local Rents

25 rents from £580/mo to £1.4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£75011/240.17 mi-3
£58009/240.21 mi-3
£1,29512/240.27 mi-3
£79512/240.43 miLinden Lea, Hamilton, South Lanarkshire, ML3 9AD3
£1,20006/240.45 miAnderson Street, Hamilton3
£87505/240.6 miGilmour Drive, Hamilton3
£89505/240.66 miWellhall Road, Hamilton, Lanarkshire, ML33
£77505/240.67 miArbroath Grove, Hamilton, South Lanarkshire, ML3 8PF3
£89504/240.71 mi-3
£89504/240.71 mi-3
£93010/240.72 mi-3
£59505/240.78 miFintrie Terrace, Hillhouse, Hamilton3
£85005/240.8 miMontrose Crescent, Hamilton3
£80005/240.8 miWhistleberry Drive, Hamilton3
£85012/240.93 mi-3
£99504/240.94 miBaird Gardens,Blantyre,Glasgow,G723
£89503/241 mi-3
£1,40009/241.03 mi-3
£1,25005/241.03 miHamilton Park South, Hamilton, Lanarkshire, ML33
£85004/241.08 miWaverly Terrace, Blantyre3
£1,39512/241.13 miCadzow Street, Hamilton, South Lanarkshire, ML33
£97012/241.14 mi-3
£1,10001/251.2 mi-3
£1,20002/251.22 mi-3
£82505/241.24 mi-3

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.29 miles away

Nearest school

0.30 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £110,000

February 26, 2025

Floor Plans

Description

Nestled in the heart of Hamilton, on Pitcairn Terrace, this spacious three-bedroom terrace home offers an excellent opportunity for those looking to create their ideal living space. With generous proportions, a fantastic layout, and superb outdoor space, this property is full of potential.

Upon entering, you are welcomed by a bright vestibule area leading into the home. The large dual-aspect living room is flooded with natural light from the front-facing windows and rear patio doors, which open out to the garden, creating a seamless indoor-outdoor flow. The spacious kitchen offers a dedicated dining area, a practical storage cupboard, and ample worktop and cabinet space, making it the perfect setting for both everyday meals and entertaining guests.

Upstairs, three well-proportioned bedrooms provide comfortable living accommodation, all conveniently situated alongside a family shower room. Additional storage cupboards in the hallway ensure there is plenty of space to keep the home organized.

Externally, the property benefits from both front and rear gardens. The rear garden is particularly impressive, offering a spacious layout with a decking area ideal for relaxing or hosting during the warmer months. With fantastic potential for modernisation, this home presents an exciting opportunity for buyers looking to put their own stamp on a property.

Ideally located, Pitcairn Terrace benefits from excellent local amenities, including a range of supermarkets, cafés, and retail options just a short distance away. Hamilton town centre provides further shopping and dining experiences, while nearby Strathclyde Park offers beautiful green spaces for outdoor activities. Well-regarded schools are within easy reach, making this a great choice for families. Excellent transport links include nearby train stations at Hamilton West and Hamilton Central, as well as easy access to the M74 motorway, ensuring quick and convenient travel to Glasgow and beyond.

With its fantastic location, spacious interiors, and endless potential, this home is a rare find and a must-see for those looking to create their perfect home in a thriving area.

Agent Details

Slater Hogg & Howison, Hamilton

01698 537622

Next Steps?

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

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