2 Bed Flat, Single Let, Motherwell, ML1 1XD, £85,000

Windmill Court, Motherwell, ML1 1XD - 19 days ago

Under Offer

BTL

ROI: 11%

~68 m²

+22 photos

ValuationOvervalued

Sold Prices	£55K - £192.5K

Square Metres	~68.11 m²
Value Estimate	£68,875£68,875

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£5,450£5,450
Total Cash In	£26,700£26,700

Cash Out
Rent Range	£650 - £1,999£650 - £1,999
Rent Estimate	£650
Running Costs/mo	£416£416
Cashflow/mo	£234£234
Cashflow/yr	£2,813£2,813
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

21 sold prices from £55K to £192.5K, average is £100K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£87.5K	07/21	0.02 mi	38, Windmill Court, Motherwell, Lanark ML1 1XD	-	-	2	Flat
£60.3K	11/21	0.26 mi	15, Freesia Court, Motherwell, Lanarkshire ML1 2TA	-	-	2	Flat
£55K	09/21	0.3 mi	66, Freesia Court, Motherwell, Lanarkshire ML1 2TB	-	-	2	Flat
£192.5K	06/21	0.37 mi	5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA	-	-	2	Flat
£158K	10/21	0.41 mi	26, Cameron Street, Motherwell, Lanarkshire ML1 3AH	-	-	2	Flat
£142K	09/21	0.43 mi	8, Imlach Place, Motherwell, Lanarkshire ML1 3FA	-	-	2	Flat
£121K	01/21	0.43 mi	32, Imlach Place, Motherwell, Lanarkshire ML1 3FD	-	-	2	Flat
£69K	05/21	0.46 mi	6, Scott Street, Motherwell, Lanarkshire ML1 1PJ	-	-	2	Flat
£122K	01/21	0.49 mi	62, Dalzell Drive, Motherwell, Lan ML1 2DA	-	-	2	Flat
£129K	04/21	0.52 mi	74, Glenhead Drive, Motherwell ML1 2DS	-	-	2	Flat
£105K	12/21	0.53 mi	11, The Mount, Motherwell ML1 3SW	-	-	2	Flat
£100K	03/21	0.57 mi	27, Henderson Court, Motherwell ML1 3GZ	-	-	2	Flat
£100K	07/21	0.62 mi	6, Dunbar Drive, Motherwell, Lanarkshire ML1 2EN	-	-	2	Flat
£92K	08/21	0.64 mi	18, Fleming Court, Motherwell, Lanarkshire ML1 2EW	-	-	2	Flat
£102.2K	02/21	0.75 mi	33, Guthrie Court, Motherwell, Lan ML1 3FR	-	-	2	Flat
£58K	09/21	0.76 mi	32, Vulcan Street, Motherwell ML1 1HB	-	-	2	Flat
£68.5K	06/21	0.79 mi	9, Northfield Street, Motherwell, Lanarkshire ML1 1HE	-	-	2	Flat
£119.5K	10/21	0.83 mi	50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB	-	-	2	Flat
£82K	11/21	0.86 mi	552, Merry Street, Motherwell, Lanarkshire ML1 4BW	-	-	2	Flat
£95K	07/21	0.94 mi	57, Cowie Place, Craigneuk, Wishaw, Lan ML2 7US	-	-	2	Flat
£127.5K	11/21	0.98 mi	173, Ladywell Road, Motherwell ML1 3HQ	-	-	2	Flat

Local Rents

11 rents from £650/mo to £2K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£1,195	05/24	0.06 mi	Windmillhill Street, Motherwell, ML1	2	Flat
£1,795	12/24	0.06 mi	-	2	Flat
£1,675	03/25	0.06 mi	-	2	Flat
£650	05/24	0.13 mi	Oakfield Drive, Motherwell, North Lanarkshire, ML1	2	Flat
£650	05/24	0.25 mi	Watson Street, Motherwell	2	Flat
£1,050	01/25	0.31 mi	-	2	Flat
£650	10/24	0.5 mi	-	2	Flat
£750	03/24	0.59 mi	-	2	Flat
£850	09/24	0.59 mi	-	2	Flat
£750	05/24	0.59 mi	Henderson Court, Motherwell, ML1	2	Flat
£1,999	12/24	0.59 mi	-	2	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.70 miles away1.70 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.37 miles away0.37 miles away

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

Property History

Listed for £85,000

March 17, 2025

Floor Plans

Description

Welcome to this spacious two-bedroom first-floor flat, located in the popular and convenient area of Windmill Court, Motherwell, offering an excellent opportunity for first-time buyers, investors, or those looking to downsize. Early viewing is essential. The property features a generously sized entrance hallway providing access to all rooms. The bright and airy lounge benefits from a bay window, creating a welcoming living space. The well-appointed kitchen offers both style and functionality. Both bedrooms are spacious and include fitted sliding wardrobes and Juliet balconies, with the primary bedroom further enhanced by an ensuite shower room. A modern bathroom completes the accommodation. Additional features include gas central heating and double glazing, ensuring comfort and efficiency throughout, communal parking and secure door entry. Windmill Court is ideally situated close to all local amenities including shopping, schooling, public transport, and road links. Lanarkshire Law Estate Agents—Voted North Lanarkshire’s Best Estate Agent 2023 & 2024.