2 Bed Flat, Single Let, Hamilton, ML3 8JZ, £55,000

Buchan Street, Hamilton, ML3 8JZ - a month ago

Sold STC
BTL
ROI: 22%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£50K - £158K

 

 

Square Metres

~68.11 m²

Value Estimate

£59,000
BMV7%

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

£600 - £950

Rent Estimate

£641

Running Costs/mo

£320

Cashflow/mo

£321

Cashflow/yr

£3,851

ROI

22%

Gross Yield

14%

Local Sold Prices

29 sold prices from £50K to £158K, average is £78.4K.

PriceDateDistanceAddressBeds 
£70K02/210.23 mi66, Mill Road, Hamilton, Lan ML3 8HX2
£65K04/210.24 mi58, Neilsland Road, Hamilton, Lan ML3 8HJ2
£95K09/210.27 mi111, Hall Street, Hamilton, Lanarkshire ML3 6RY2
£64K08/210.31 mi94, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£83K08/210.31 mi88, Mill Road, Hamilton, Lanarkshire ML3 8HY2
£64K10/210.36 mi23, Swisscot Avenue, Hamilton, Lanarkshire ML3 8DN2
£52.5K12/210.38 mi14, Valley Court, Hamilton ML3 8HW2
£127K06/210.39 mi17, Neilsland Drive, Hamilton, Lan ML3 8AJ2
£72.5K03/240.39 mi1, Mill Grove, Hamilton, Lan ML3 6TS2
£78.4K03/240.4 mi46, Strathaven Road, Hamilton, Lan ML3 7RE2
£53K09/210.4 mi26, Kintore Park, Hamilton, Lanarkshire ML3 8DH2
£64K03/210.4 mi111, Alness Street, Hamilton, Lanarkshire ML3 6TQ2
£55K11/210.44 mi33, Bonnyton Lane, Hamilton ML3 8DU2
£71K03/210.45 mi31, Fairhill Place, Hamilton ML3 8AH2
£57K05/210.5 mi1, Balmore Drive, Hamilton, Lanarkshire ML3 8DB2
£50K01/210.66 mi25, Wylie Street, Hamilton, Lanarkshire ML3 6RL2
£72K08/210.7 mi9, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£95.3K12/210.7 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£85K03/210.7 mi24, Nethan Gate, Hamilton, Lanarkshire ML3 8NH2
£105K09/210.76 mi4/4, Redwood Lane, Hamilton ML3 8SS2
£96K04/210.76 mi6/4, Redwood Lane, Hamilton ML3 8SS2
£117.3K09/210.76 mi6/3, Redwood Lane, Hamilton ML3 8SS2
£105K09/210.8 mi23, Cypress Lane, Hamilton ML3 8SR2
£125K03/240.87 mi19, Coll Lea, Hamilton, Lan ML3 8BW2
£105K03/210.88 mi8, Kemp Court, Hamilton, Lanarkshire ML3 6QF2
£155K08/210.89 mi2/7, Park Road, Hamilton, Lanarkshire ML3 6PD2
£158K08/210.91 mi19/6, Union Street, Hamilton, Lanarkshire ML3 6PD2
£70K12/210.91 mi24, Orchard Street, Hamilton, Lanarkshire ML3 6PB2
£138K06/211 mi52, Woodburn Park, Hamilton ML3 6AL2

Local Rents

14 rents from £600/mo to £950/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£79505/240.13 mi-2
£79505/240.17 mi-2
£62506/240.25 miSt Annes Court, Hamilton2
£82506/240.27 mi-2
£89503/250.31 mi-2
£72501/250.37 mi-2
£95002/250.38 mi-2
£60012/240.38 miValley Court, South Lanarkshire, Hamilton, ML32
£69505/240.38 mi-2
£69501/250.4 mi-2
£65012/240.4 miStrathaven Road, Hamilton, South Lanarkshire, ML3 7RE2
£85005/240.43 miSolway Court, Hamilton, ML32
£75003/250.45 mi-2
£79502/250.51 mi-2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

0.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.93 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 7, 2025

Floor Plans

Description

  • First floor flat +
  • Great opporunity to put your own stamp and decor touches to a property requiring some cosmetic upgrading +
  • Front facing lounge with laminate flooring and feature fireplace +
  • Good sized kitchen +
  • 2 double bedrooms with storage +
  • Tiled bathroom +
  • Paved driveway to front. Large rear garden laid to lawn +
  • Located in the Fairhill area of Hamilton, just outside the town centre, shops and leisure facilities +
  • Handy for transport links - close to Hamilton train and bus station and easy access to the M74 motorway and East Kilbride Expressway +
  • COUNCIL TAX BAND: A - EPC RATING:D +

Move On are delighted to present to the market this 2 bedroom upper flat in Hamilton - Buchan Street.

Requiring some cosmetic upgrading, this is a great opportunity to put your own stamp on a home with great potential. The property has its own main door entry, and heading up the internal stairs leads to the accommodation consisting of: a front facing lounge; good sized kitchen, 2 double bedrooms with fitted storage; and a bathroom.

Externally there is a paved driveway to the front providing off-street parking, and to the rear is a sizeable garden which is laid to lawn with perimeter fencing.

Buchan Street is located in the Fairhill area of Hamilton just outside the town centre which has a variety of retail and leisure facilities, shops, bars, restaurants, majors supermarkets and cinema. For those commuting there is a bus stop nearby, Hamilton has 2 train stations connecting Glasgow and beyond, and the M74 motorway and East Kilbride expressway are within a few minute drive.

Mortgage advice available on this property - contact us to speak to one of our experienced advisers

Do you have a property to sell? The team at Move On can get you on the market.

Lounge 4.30m (14' 1") x 4.20m (13' 9")
Kitchen 3.30m (10' 10") x 3.10m (10' 2")
Bedroom 1 4.10m (13' 5") x 3.50m (11' 6")
Bedroom 2 3.60m (11' 10") x 2.60m (8' 6")
Bathroom 2.00m (6' 7") x 1.70m (5' 7")

Agent Details

Move On, Motherwell

01698 537677

Next Steps?

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