3 Bed Terraced House, Single Let, Hamilton, ML3 9NR, £50,000

33 Kelvin Gardens, Hamilton, ML3 9NR - 2 views - 2 months ago

Auction
BTL
ROI: 20%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£42K - £248.6K

 

 

Square Metres

~93 m²

Value Estimate

£57,000
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£595 - £1,295

Rent Estimate

£550

Running Costs/mo

£286

Cashflow/mo

£264

Cashflow/yr

£3,165

ROI

20%

Gross Yield

13%

Local Sold Prices

28 sold prices from £42K to £248.6K, average is £150.5K.

PriceDateDistanceAddressBeds 
£42K12/210.29 mi91, Fleming Way, Hamilton ML3 9QH3
£76K03/210.32 mi20, Wellcroft Road, Hamilton, Lanarkshire ML3 9SG3
£118K04/210.35 mi18, Waverley Street, Hamilton, Lanarkshire ML3 9NE3
£126K10/210.36 mi25, Gordon Terrace, Hamilton, Lanarkshire ML3 9LQ3
£97.5K06/210.38 mi23, Raeburn Crescent, Hamilton, Lanarkshire ML3 9QD3
£72K09/210.46 mi6, Hillhead Terrace, Hamilton, Lanarkshire ML3 9RZ3
£103.5K10/210.49 mi24, Hillhouse Crescent, Hamilton ML3 9TF3
£218K06/210.52 mi31, Elie Road, Glasgow, Lanarkshire G72 0GX3
£157K03/210.52 mi1, Dalbeattie Drive, Blantyre, Glasgow, Lanarkshire G72 0WJ3
£125.1K09/210.54 mi38, Blair Atholl Gardens, Hamilton ML3 9FF3
£91.2K12/210.57 mi79, Clarkwell Road, Hamilton, Lanarkshire ML3 9RQ3
£107K05/210.57 mi34, Waverley Terrace, Blantyre, Glasgow, Lanarkshire G72 0HL3
£185.1K11/210.58 mi24, Baird Gardens, Blantyre, Glasgow, Lanarkshire G72 0WT3
£219.6K04/210.59 mi92, Argyle Drive, Hamilton, Lanarkshire ML3 9EG3
£110.5K01/210.63 mi51, Leys Park, Hamilton, Lanark ML3 9EQ3
£162K03/240.65 mi15, Gilmour Drive, Hamilton, Lan ML3 9UQ3
£153K02/210.68 mi20, Andrew Paton Way, Hamilton, Lan ML3 0GB3
£148K01/210.76 mi121, Wellhall Road, Hamilton, Lan ML3 9XN3
£190.1K03/240.82 mi22, Barnhill Drive, Hamilton, Lan ML3 9EZ3
£195K07/210.83 mi93, Rederech Crescent, Hamilton, Lanarkshire ML3 8QE3
£157.5K04/210.85 mi1, Eriskay Avenue, Hamilton, Lanarkshire ML3 8QB3
£180.4K06/210.86 mi44, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£248.6K12/210.86 mi42, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£115K03/210.87 mi55, Hardie Street, Blantyre, Glasgow, Lanarkshire G72 0DB3
£123K07/210.92 mi24, Moorfield Road, Blantyre, Glasgow, Lanarkshire G72 0RH3
£185.1K03/240.95 mi2, Whistleberry Wynd, Hamilton, Lan ML3 0SE3
£162.5K07/210.98 mi23, Greenhall Place, Blantyre, Glasgow, Lanarkshire G72 9TA3
£185K04/210.99 mi26, Craigmuir Road, Blantyre, Glasgow, Lanark G72 9UA3

Local Rents

11 rents from £595/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£59504/250 mi-3
£93010/240.18 mi-3
£59505/240.3 miFintrie Terrace, Hillhouse, Hamilton3
£1,29512/240.33 mi-3
£75011/240.4 mi-3
£1,20006/240.44 miAnderson Street, Hamilton3
£89504/240.48 mi-3
£89504/240.48 mi-3
£89503/240.5 mi-3
£85004/240.57 miWaverly Terrace, Blantyre3
£99504/240.58 miBaird Gardens,Blantyre,Glasgow,G723

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.72 miles away

Nearest school

0.20 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £50,000

February 27, 2025

Floor Plans

Description

  • We are excited to bring to market this tenanted 3 bed flat located within a sought-after location in Hamilton*** RARE AUCTION PROPERTY *** +

  • Farm Terrace, Hamilton, ML3 sold for £75,000, Udston Road Hamilton, ML3 9HX sold for £83,795 +

  • Currently tenanted at £550 PCM/ £6600 PA providing an exceptional annual gross yield at 13.2%, an excellent investment opportunity for a shrewd investor. +

  • PART OF PORTFOLIO SALE- 54 Kelvin Gardens , Hamilton, ML3 9NR / 113 Kelvin Gardens , Hamilton, ML3 9NR / 60 George Court , Hamilton, ML3 9HG / 53 Greenlaw Avenue , Wishaw, ML2 8QN / 54 Glassock Road +

  • Property is professionally managed and is fully compliant, sure to appeal to an investor looking for Turnkey Investment Property +

  • We are excited to bring to market this tenanted 3 bed flat located within a sought-after location in Hamilton*** RARE AUCTION PROPERTY** *

 

  • *Farm Terrace, Hamilton, ML3 sold for £75,000, Udston Road Hamilton, ML3 9HX sold for £83,795

 

  • Currently tenanted at £550 PCM/ £6600 PA providing an exceptional annual gross yield at 13.2%, an excellent investment opportunity for a shrewd investor.

 

  • PART OF PORTFOLIO SALE-  54 Kelvin Gardens , Hamilton, ML3 9NR / 113 Kelvin Gardens , Hamilton, ML3 9NR / 60 George Court , Hamilton, ML3 9HG / 53 Greenlaw Avenue , Wishaw, ML2 8QN / 54 Glassock Road , Kilmarnock, KA3 2DH

 

  • Property is professionally managed and is fully compliant, sure to appeal to an investor looking for Turnkey Investment Property

 

 

We are excited to bring to market this tenanted 3 bed flat located within a sought-after location in Hamilton*** RARE AUCTION PROPERTY** *

 

* RARE AUCTION PROPERTY *

 

Sales Evidence: 

 

*Farm Terrace, Hamilton, ML3 sold for £75,000, Udston Road Hamilton, ML3 9HX sold for £83,795

 

* High Yielding Investment

 

Currently tenanted at £550 PCM/ £6600 PA providing an exceptional annual gross yield at 13.2%, an excellent investment opportunity for a shrewd investor.

 

PART OF PORTFOLIO SALE-  

 

 54 Kelvin Gardens , Hamilton, ML3 9NR

 

113 Kelvin Gardens , Hamilton, ML3 9NR

 

60 George Court , Hamilton, ML3 9HG

 

53 Greenlaw Avenue , Wishaw, ML2 8QN

 

54 Glassock Road , Kilmarnock, KA3 2DH

 

Property is professionally managed and is fully compliant, sure to appeal to an investor looking for Turnkey Investment Property

 

The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

 

This lot is open to immediate offers and offered at a fantastic price to ensure an Auction sale.

 

 The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

 

Location: 

 

Hamilton, the historic county town of South Lanarkshire, is a thriving urban center that blends rich heritage with modern living. Located just 12 miles from Glasgow, it boasts excellent transport links via road and rail, making it a prime location for commuters. The town is home to a variety of shopping centers, restaurants, and entertainment venues, alongside cultural attractions such as the Hamilton Mausoleum and Low Parks Museum. Nature lovers can explore the stunning Chatelherault Country Park, while sports enthusiasts enjoy local golf courses and Hamilton Park Racecourse. With excellent schools, a strong sense of community, and a perfect mix of city convenience and green spaces, Hamilton is a vibrant and welcoming place to live, work, and visit.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

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