3 Bed Terraced House, Single Let, Hamilton, ML3 9NR, £55,000

54 Kelvin Gardens, Hamilton, ML3 9NR - a month ago

Auction
BTL
ROI: 22%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£42K - £248.6K

 

 

Square Metres

~93 m²

Value Estimate

£57,000
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£580 - £1,295

Rent Estimate

£650

Running Costs/mo

£322

Cashflow/mo

£328

Cashflow/yr

£3,938

ROI

22%

Gross Yield

14%

Local Sold Prices

26 sold prices from £42K to £248.6K, average is £137K.

PriceDateDistanceAddressBeds 
£118K04/210.3 mi18, Waverley Street, Hamilton, Lanarkshire ML3 9NE3
£126K10/210.3 mi25, Gordon Terrace, Hamilton, Lanarkshire ML3 9LQ3
£76K03/210.31 mi20, Wellcroft Road, Hamilton, Lanarkshire ML3 9SG3
£42K12/210.32 mi91, Fleming Way, Hamilton ML3 9QH3
£97.5K06/210.38 mi23, Raeburn Crescent, Hamilton, Lanarkshire ML3 9QD3
£72K09/210.43 mi6, Hillhead Terrace, Hamilton, Lanarkshire ML3 9RZ3
£103.5K10/210.45 mi24, Hillhouse Crescent, Hamilton ML3 9TF3
£125.1K09/210.48 mi38, Blair Atholl Gardens, Hamilton ML3 9FF3
£219.6K04/210.53 mi92, Argyle Drive, Hamilton, Lanarkshire ML3 9EG3
£157K03/210.54 mi1, Dalbeattie Drive, Blantyre, Glasgow, Lanarkshire G72 0WJ3
£218K06/210.55 mi31, Elie Road, Glasgow, Lanarkshire G72 0GX3
£91.2K12/210.55 mi79, Clarkwell Road, Hamilton, Lanarkshire ML3 9RQ3
£110.5K01/210.58 mi51, Leys Park, Hamilton, Lanark ML3 9EQ3
£162K03/240.61 mi15, Gilmour Drive, Hamilton, Lan ML3 9UQ3
£185.1K11/210.62 mi24, Baird Gardens, Blantyre, Glasgow, Lanarkshire G72 0WT3
£107K05/210.63 mi34, Waverley Terrace, Blantyre, Glasgow, Lanarkshire G72 0HL3
£153K02/210.65 mi20, Andrew Paton Way, Hamilton, Lan ML3 0GB3
£148K01/210.72 mi121, Wellhall Road, Hamilton, Lan ML3 9XN3
£195K07/210.8 mi93, Rederech Crescent, Hamilton, Lanarkshire ML3 8QE3
£157.5K04/210.82 mi1, Eriskay Avenue, Hamilton, Lanarkshire ML3 8QB3
£190.1K03/240.82 mi22, Barnhill Drive, Hamilton, Lan ML3 9EZ3
£180.4K06/210.83 mi44, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£248.6K12/210.83 mi42, Bourtree Road, Hamilton, Lanarkshire ML3 8PT3
£115K03/210.92 mi55, Hardie Street, Blantyre, Glasgow, Lanarkshire G72 0DB3
£185.1K03/240.92 mi2, Whistleberry Wynd, Hamilton, Lan ML3 0SE3
£123K07/210.97 mi24, Moorfield Road, Blantyre, Glasgow, Lanarkshire G72 0RH3

Local Rents

11 rents from £580/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£93010/240.22 mi-3
£1,29512/240.28 mi-3
£59505/240.33 miFintrie Terrace, Hillhouse, Hamilton3
£75011/240.35 mi-3
£1,20006/240.42 miAnderson Street, Hamilton3
£89504/240.49 mi-3
£89504/240.49 mi-3
£89503/240.55 mi-3
£58009/240.6 mi-3
£87505/240.61 miGilmour Drive, Hamilton3
£99504/240.62 miBaird Gardens,Blantyre,Glasgow,G723

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.66 miles away

Nearest school

0.20 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £55,000

March 6, 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 9LE sold for £62,000, Kelvin Gardens, Hamilton sold for £52,000 *** +

  • Currently tenanted, the occupant is paying £650 PCM / £7800 PA providing an exceptional annual gross yield at 14%, an excellent investment opportunity for a shrewd investor. +

  • PART OF PORTFOLIO SALE- 33 Kelvin Gardens, ML3 9NR / 113 Kelvin Garden, ML3 9NR / 53 Greenlaw Avenue ML2 8QN / 60 George Court, ML3 9HG / 54 Glassock Road, 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** *

 

  • *Farm Terrace, Hamilton, ML3 9LE sold for £62,000, Kelvin Gardens, Hamilton sold for £52,000

 

  • Currently tenanted, the occupant is paying £650 PCM / £7800 PA providing an exceptional annual gross yield at 14%, an excellent investment opportunity for a shrewd investor.

 

  • PART OF PORTFOLIO SALE- 33 Kelvin Gardens, ML3 9NR / 113 Kelvin Garden, ML3 9NR / 53 Greenlaw Avenue ML2 8QN / 60 George Court, ML3 9HG / 54 Glassock Road, 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 Carstairs

 

* RARE AUCTION PROPERTY *

 

Sales Evidence: 

 

* 28, Glen Avenue, Larkhall, Lan ML9 1JL sold for £126,000, 26, Glen Avenue, Larkhall, Lanarkshire ML9 1JL sold for £121,000 *

 

*** High Yielding Investment * **

 

Currently tenanted, the occupant is paying £650 PCM / £7800 PA providing an exceptional annual gross yield at 14%, an excellent investment opportunity for a shrewd investor..

 

PART OF PORTFOLIO SALE-  

 

33 Kelvin Gardens, ML3 9NR / 113 Kelvin Garden, ML3 9NR / 53 Greenlaw Avenue ML2 8QN / 60 George Court, ML3 9HG / 54 Glassock Road, 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 heart of South Lanarkshire, is a thriving town that blends rich heritage with modern conveniences. Just 12 miles from Glasgow, it offers excellent transport links via the M74 and a well-connected rail network, making it an attractive choice for commuters. The town boasts a variety of shopping centers, restaurants, and entertainment venues, alongside cultural landmarks such as Hamilton Mausoleum, Low Parks Museum, and the stunning Chatelherault Country Park. Sports and leisure facilities, including Hamilton Park Racecourse and local golf courses, add to the town's appeal. With highly regarded schools, a strong sense of community, and a perfect balance of urban convenience and green spaces, Hamilton is a welcoming and well-connected place to live, work, and explore.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

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