2 Bed Terraced House, Refurb/BRRR, Wishaw, ML2 0BG, £93,000

39 Nethan Avenue, Wishaw, ML2 0BG - 2 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~69 m²
+7 photos

ValuationFair Value

Sold Prices£41.5K - £191K

 

 

Square Metres

~68.66 m²

Value Estimate

£92,125

 

 

End Value (After Refurb)

£72,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,250

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£26,613

Bridging Loan Interest

£2,441

Total Cash In

£59,904

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,375

Mortgage (After Refinance)

£54,281

Mortgage LTV

75%

Cash Left In

£59,904

Equity

£18,094

Rent Range

£650 - £1,495

Rent Estimate

£775

Running Costs/mo

£401

Cashflow/mo

£374

Cashflow/yr

£4,486

ROI

7%

Gross Yield

10%

Local Sold Prices

49 sold prices from £41.5K to £191K, average is £122K.

PriceDateDistanceAddressBeds 
£85.5K07/210.02 mi59, Nethan Avenue, Wishaw, Lanarkshire ML2 0BG2
£92.5K07/210.07 mi40, Kirknethan, Wishaw, Lanarkshire ML2 0BU2
£92.6K09/210.07 mi17, Covenant Place, Wishaw, Lan ML2 0BH2
£160K04/240.41 mi14, Stuart Quadrant, Wishaw, Lanarkshire ML2 0DL2
£95K11/210.47 mi124, Muirhouse Avenue, Motherwell, Lanarkshire ML1 2LB2
£122K07/210.52 mi15, Gresham View, Motherwell, Lanarkshire ML1 2DP2
£157.5K11/210.54 mi6, Gigha Quad, Wishaw, Lanarkshire ML2 0TE2
£125K05/210.63 mi12, Baxter Wynd, Wishaw ML2 0NL2
£176K07/210.63 mi57, Old Manse Road, Wishaw, Lanarkshire ML2 0EN2
£140K08/210.67 mi29, Berryhill Crescent, Wishaw, Lanarkshire ML2 0NE2
£125K01/210.67 mi3, Steel Place, Wishaw, Lanark ML2 0NJ2
£116K05/210.72 mi113, Nelson Crescent, Motherwell, Lanarkshire ML1 2JP2
£168K02/240.84 mi42, Vesuvius Drive, Motherwell, Lanarkshire ML1 2FA2
£77K01/210.94 mi3, Wishawhill Street, Wishaw, Lan ML2 7PY2
£75.5K07/211 mi35, Cairngorm Crescent, Wishaw, Lanarkshire ML2 7PS2
£125K07/211.07 mi120, Glasgow Road, Wishaw, Lanarkshire ML2 7QJ2
£121K04/241.35 mi9, Ellis Way, Motherwell, Lanarkshire ML1 2PN2
£125.3K09/211.37 mi13, Steel Street, Wishaw, Lanarkshire ML2 8AS2
£70.1K03/211.46 mi76, Lomond Drive, Wishaw, Lanarkshire ML2 0NU2
£78.5K01/211.51 mi73, Gala Crescent, Wishaw ML2 7JR2
£80K06/211.54 mi101, Linnhe Crescent, Wishaw, Lanarkshire ML2 0PH2
£125K01/211.54 mi37, Pather Street, Wishaw, Lan ML2 8BJ2
£142K01/211.57 mi36, Fyne Crescent, Larkhall, Lan ML9 2UX2
£136.6K02/211.58 mi15, Conservation Place, Wishaw, Lanark ML2 8EF2
£135K08/241.58 mi15, Beauly Crescent, Wishaw, Lan ML2 8EG2
£151.2K08/211.65 mi7, Shiel Drive, Larkhall ML9 2TJ2
£123K06/241.68 mi44, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LA2
£191K08/211.7 mi3, Shirley Quadrant, Motherwell, Lan ML1 2RS2
£134.3K09/211.71 mi30, Dave Barrie Avenue, Larkhall, Lan ML9 1DW2
£97K04/241.72 mi17, Dimsdale Crescent, Wishaw, Lanarkshire ML2 8DR2
£70K12/211.76 mi55, Allanton Grove, Wishaw ML2 7LL2
£76.5K11/211.78 mi120, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£105K07/211.78 mi78, North Dryburgh Road, Wishaw ML2 7LD2
£102K09/211.78 mi70, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£41.5K01/211.79 mi14, Ashburn Loan, Larkhall, Lan ML9 2DQ2
£127.5K04/241.8 mi9, Hamilton Street, Larkhall, Lanarkshire ML9 2AT2
£69.1K05/211.82 mi6, Lomond Walk, Larkhall, Lanarkshire ML9 2DT2
£135.5K02/211.83 mi37, Elmhurst, Motherwell, Lan ML1 3RJ2
£118K05/211.84 mi7, Alford Quad, Wishaw, Lanarkshire ML2 7YN2
£104K04/211.88 mi22, Bryce Gardens, Larkhall ML9 1HQ2
£92K04/211.88 mi60, Bryce Gardens, Larkhall, Lan ML9 1HQ2
£95K04/211.88 mi10, Bryce Gardens, Larkhall, Lanarkshire ML9 1HQ2
£122.5K05/241.88 mi45, Bryce Gardens, Larkhall, Lanarkshire ML9 1HQ2
£137K03/211.89 mi8, Huntly Quad, Wishaw, Lanarkshire ML2 7UP2
£135K02/211.89 mi44, Elmhurst, Motherwell ML1 3RJ2
£80K03/211.89 mi73, Hawthorn Drive, Wishaw, Lanarkshire ML2 8JN2
£185.5K05/211.9 mi50, Chestnut Grove, Motherwell ML1 3JF2
£165K12/211.91 mi35, Brown Street, Larkhall, Lanarkshire ML9 2BX2
£115K03/211.91 mi29, Brown Street, Larkhall, Lanarkshire ML9 2BX2

Local Rents

17 rents from £650/mo to £1.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£89512/240.15 mi-2
£79506/240.33 mi-2
£79505/240.33 miMid Carbarns, Wishaw, ML22
£65007/240.46 mi-2
£69505/240.49 miMuirhouse Road, Motherwell, Lanarkshire, ML12
£80012/240.52 miCairnwell Gardens, Motherwell2
£75007/240.78 mi-2
£70012/240.92 mi-2
£75001/250.92 mi-2
£80003/250.93 mi-2
£1,49505/240.95 miDalzell House, Motherwell, ML12
£69506/241 miWellington Street, Wishaw2
£70004/251.18 mi-2
£70012/241.19 mi-2
£65010/231.21 mi-2
£65007/241.21 mi-2
£65010/241.22 mi-2

Local Area Statistics

Population in Wishaw

40,577

Town centre distance

1.99 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £93,000

February 27, 2025

Floor Plans

Description

Nestled in the desirable area of Nethan Avenue, Wishaw, this spacious two-bedroom end-terraced house presents an excellent opportunity for both first-time buyers and those looking to invest in a charming property. The home boasts a generous reception room, perfect for entertaining guests or enjoying quiet evenings in.

The two well-proportioned bedrooms offer ample space for relaxation and rest, while the bathroom has been designed into wet floor. The property is complemented by a driveway and a garage, ensuring convenient off-street parking and additional storage options.

Although the house is in need of some upgrading, it provides a blank canvas for the new owners to personalise and enhance to their taste. The potential for improvement makes this property an exciting prospect for those with a vision for their ideal home.

Situated in a sought-after area, this residence benefits from a friendly community atmosphere and is conveniently located near local amenities, schools, and transport links. With no chain involved, the process of acquiring this property is made even more straightforward.

In summary, this end-terraced house on Nethan Avenue is a fantastic opportunity for anyone looking to create their dream home in a lovely neighbourhood. Don’t miss your chance to view this property and explore the possibilities it has to offer.

Agent Details

Empire Property, Wishaw

01698 758967

Next Steps?

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