2 Bed Flat, Single Let, Motherwell, ML1 1HZ, £69,995

Milton Street, Motherwell, ML1 1HZ - 2 views - a month ago

Under Offer

BTL

ROI: 9%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£30K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£57,625£57,625

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,499£17,499
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,199£22,199

Cash Out
Rent Range	£500 - £1,999£500 - £1,999
Rent Estimate	£513
Running Costs/mo	£341£341
Cashflow/mo	£172£172
Cashflow/yr	£2,060£2,060
ROI	9%9%
Gross Yield	9%9%

Local Sold Prices

20 sold prices from £30K to £192.5K, average is £71K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68.5K	06/21	0.07 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£58K	09/21	0.11 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£69K	05/21	0.41 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£82K	11/21	0.44 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£30K	05/21	0.47 mi	186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS	-	-	2	Flat
£43.5K	02/24	0.49 mi	95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£40K	02/24	0.49 mi	79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT	-	-	2	Flat
£110K	04/24	0.52 mi	39, John Muir Way, Motherwell, Lanarkshire ML1 3GX	-	-	2	Flat
£100K	03/21	0.55 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£39.5K	04/24	0.62 mi	250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA	-	-	2	Flat
£119.5K	10/21	0.67 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£192.5K	06/21	0.69 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£55K	12/21	0.71 mi	31, Loganlea Drive, Motherwell, Lanarkshire ML1 4AR	-	-	2	Flat
£73K	08/21	0.79 mi	59, Fort Street, Motherwell ML1 3QP	-	-	2	Flat
£105K	12/21	0.8 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£158K	10/21	0.82 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£87.5K	07/21	0.85 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£82K	06/21	0.89 mi	12, Lochranza Court, Carfin, Motherwell ML1 4FJ	-	-	2	Flat
£57.5K	03/21	0.92 mi	166, Jerviston Street, New Stevenston, Motherwell, Lanarkshire ML1 4HT	-	-	2	Flat
£60K	02/21	0.92 mi	156, Jerviston Street, New Stevenston, Motherwell, Lan ML1 4HT	-	-	2	Flat

Local Rents

11 rents from £500/mo to £2K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.06 mi	-	2	Flat
£750	12/24	0.06 mi	-	2	Flat
£695	12/24	0.35 mi	3 Findlay Court, Motherwell, ML1 1LA	2	Flat
£650	07/23	0.42 mi	-	2	Flat
£1,999	12/24	0.52 mi	-	2	Flat
£750	03/24	0.53 mi	-	2	Flat
£850	09/24	0.53 mi	-	2	Flat
£750	05/24	0.53 mi	Henderson Court, Motherwell, ML1	2	Flat
£600	12/24	0.55 mi	Dalriada Crescent, Motherwell	2	Flat
£500	05/23	0.61 mi	-	2	Flat
£500	02/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.30 miles away1.30 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental growth (12m)	+69%+69%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £69,995

March 13, 2025

Floor Plans

Description

Ground floor flat +
Front facing lounge +
Two Bedrooms +
Fitted Kitchen +
Fitted Bathroom +
Garden +
Close to amenties +

CLOSING DATE - TUESDAY 25TH MARCH @ 12PM A fantastic two-bedroom ground-floor flat located within a popular locale in Motherwell. This spacious home would be a fantastic opportunity for the first-time buyer market or downsizer.

Internally the accommodation comprises a reception hallway, a front-facing lounge, a fitted kitchen with a breakfast bar, two double bedrooms with built-in wardrobes, and a three-piece bathroom.

Spacious grounds are located to the rear which have been designed primarily for ease of maintenance and benefit from excellent exposure to natural sunlight.

Location

This property lies within a fantastic location, with many amenities close by in the area such as restaurants, bars, sports facilities, and shops. The M74 and M8 provide travel links throughout the west and central Scotland including Glasgow and Edinburgh.

Tenure: Freehold