3 Bed Flat, Single Let, Motherwell, ML1 5JD, £83,000

Spalehall Drive, Motherwell, ML1 5JD - a month ago

Sold STC
BTL
ROI: 4%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£20K - £250K

 

 

Square Metres

~93 m²

Value Estimate

£77,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,750

Stamp Duty & Legal Fees

£5,350

Total Cash In

£26,100

 

 

Cash Out

 

Rent Range

£425 - £1,850

Rent Estimate

£456

Running Costs/mo

£371

Cashflow/mo

£85

Cashflow/yr

£1,025

ROI

4%

Gross Yield

7%

Local Sold Prices

19 sold prices from £20K to £250K, average is £72K.

PriceDateDistanceAddressBeds 
£80K04/240.05 mi27, Gowkhall Avenue, Motherwell, Lanarkshire ML1 5JF3
£77K08/210.13 mi125, High Street, Motherwell, Lanarkshire ML1 5JH3
£250K01/211.35 mi24, Bellside Road, Cleland, Motherwell, Lan ML1 5NP3
£28K05/212.26 mi12, Stobo Street, Wishaw, Lanarkshire ML2 8QW3
£31.3K10/212.38 mi36, Jimmy Sneddon Way, Motherwell ML1 3YG3
£46K05/212.39 mi7, Talisman Crescent, Motherwell, Lanarkshire ML1 3YB3
£45K01/212.4 mi22, Fiddoch Court, Newmains, Wishaw, Lanarkshire ML2 9DT3
£20K12/212.42 mi117, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT3
£39K04/212.43 mi4, Fiddoch Court, Newmains ML2 9DT3
£63K06/212.49 mi14, Viewbank Avenue, Calderbank, Airdrie, Lanarkshire ML6 9TJ3
£78K08/212.5 mi17, Park Road, Calderbank, Airdrie, Lanarkshire ML6 9TG3
£65K11/212.65 mi8, Range Street, Motherwell ML1 2HT3
£90K10/212.68 mi576, Main Street, Bellshill, Lanarkshire ML4 1DL3
£75K06/212.82 mi39, Stewart Crescent, Newmains, Wishaw, Lanarkshire ML2 9DJ3
£133K05/212.83 mi109, Hamilton Road, Motherwell, Lanarkshire ML1 3DG3
£72K11/212.88 mi249, Airbles Street, Motherwell ML1 1XZ3
£75.5K04/242.88 mi233, Airbles Street, Motherwell, Lanarkshire ML1 1XZ3
£119K08/212.92 mi4, Broad Cairn Court, Motherwell ML1 2PE3
£60K03/212.96 mi11, Gartness Drive, Airdrie, Lanarkshire ML6 8PT3

Local Rents

54 rents from £425/mo to £1.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75002/240.18 mi-2
£83008/240.19 mi-2
£85011/240.22 mi-3
£55005/240.31 miMuirhead Drive, Newarthill, Motherwell, North Lanarkshire, ML1 5TG1
£79512/230.34 mi-3
£79512/230.34 mi-3
£55005/240.34 miGreenside Street, Motherwell, North Lanarkshire, ML1 5TQ1
£42510/230.34 mi-1
£50003/250.34 mi-1
£1,00004/250.56 mi-2
£85002/240.79 mi-2
£85002/250.79 mi-2
£85003/250.79 mi-2
£55003/250.85 mi-1
£79502/241 mi-3
£75005/241.01 miTinto Way, Cleland, North Lanarkshire, ML13
£69512/241.08 mi-2
£69512/241.08 miOmoa Road, Cleland, ML12
£55012/241.08 mi-1
£85005/241.11 miLaberge Gardens, Motherwell, Lanarkshire, ML12
£45005/241.14 mi-1
£99503/241.14 mi-3
£1,45005/241.19 miSkylark Wynd, Motherwell, North Lanarkshire, ML1 1AQ4
£1,25010/241.21 mi-3
£92505/241.21 miCarfin Street, New Stevenston3
£1,85001/251.21 mi-5
£79505/241.22 miDornoch Road, Motherwell, North Lanarkshire, ML12
£1,20003/241.27 miBrock Place, Motherwell, Lanarkshire, ML13
£79503/241.31 miUnion Street, Motherwell, Lanarkshire, ML13
£75011/231.32 mi-2
£75011/231.32 mi-2
£62503/241.33 mi-2
£85008/241.41 mi-2
£85003/251.41 mi-2
£99512/241.48 miPlantation Avenue, Motherwell, Lanarkshire, ML13
£87509/241.51 mi-2
£69506/241.55 mi-2
£55011/231.56 mi-1
£85007/241.6 mi-3
£55012/231.61 mi-2
£55012/231.61 mi-2
£55012/231.61 mi-2
£60004/251.61 mi-2
£60006/231.61 mi-1
£60007/241.61 mi-1
£49512/241.62 mi-2
£75005/241.76 miNorth Dryburgh Road, Wishaw2
£75005/241.76 miNorth Dryburgh Road, Wishaw2
£85007/231.79 mi-2
£70003/251.81 mi-2
£79512/241.81 mi-3
£79505/241.81 miHoneywell Crescent, Chapelhall, Airdrie, ML63
£65007/231.87 mi-2
£60012/241.92 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £83,000

March 14, 2025

Floor Plans

Description

  • Popular Location +
  • Lower Cottage Flat +
  • 3 Bedrooms +
  • Spacious Lounge +
  • Fitted Kitchen +
  • Upgraded Shower Room +
  • Driveway +

CLOSING DATE SET FOR FRIDAY 21ST MARCH AT 12 O'CLOCK *

Ideally situated in the heart of Newarthill, Motherwell, this beautifully presented three-bedroom lower cottage flat on Spalehall Drive offers the perfect blend of comfort, convenience, and modern living. With its move-in-ready condition, this home is an excellent choice for first-time buyers, downsizers, or growing families looking for a spacious and well-maintained property in a desirable residential area.

Stepping inside, the property boasts a welcoming and bright atmosphere, with stylish décor and a well-thought-out layout that maximizes both space and functionality. The generous living room provides a perfect setting for relaxation and entertaining, while the modern dining kitchen is fully equipped to cater to all your culinary needs. Three well-proportioned bedrooms offer ample space for family members or guests, and the upgraded shower room adds to the home's appeal.

Externally, the property benefits from a private driveway, ensuring convenient off-street parking, while the landscaped garden provides the perfect outdoor space for enjoying the warmer months.

Please note this is a steel framed home and non standard construction.

Situated in the well-established community of Newarthill, this home enjoys a prime location with easy access to a range of local amenities, including shops, supermarkets, schools, and recreational facilities. The area is well-served by public transport, with nearby bus links connecting to Motherwell town centre and beyond. Motherwell Train Station provides excellent rail services to Glasgow and Edinburgh, making it ideal for commuters. For those who travel by car, the M8 and M74 motorways are within easy reach, offering quick connections to Glasgow, Edinburgh, and other key destinations.

With its fantastic location, modern interiors, and excellent transport links, this lower cottage flat on Spalehall Drive is a must-see.

Agent Details

Hemmings Homes, Lanarkshire

01698 538069

Next Steps?

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