2 Bed Semi-Detached House, Refurb/BRRR, Hamilton, ML3 9EG, £115,000

Argyle Drive, Hamilton ML3 9EG - 15 days ago

Refurb/BRRR
ROI: 8%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£72K - £190.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£101,750

 

 

End Value (After Refurb)

£70,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£26,658

Bridging Loan Interest

£3,019

Total Cash In

£67,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,000

Mortgage (After Refinance)

£52,500

Mortgage LTV

75%

Cash Left In

£67,127

Equity

£17,500

Rent Range

£525 - £2,700

Rent Estimate

£865

Running Costs/mo

£412

Cashflow/mo

£453

Cashflow/yr

£5,439

ROI

8%

Gross Yield

9%

Local Sold Prices

39 sold prices from £72K to £190.5K, average is £103.5K.

PriceDateDistanceAddressBeds 
£102.5K04/210.05 mi44, Blair Atholl Gardens, Hamilton, Lanark ML3 9FF2
£116.6K07/210.05 mi28, Blair Atholl Gardens, Hamilton ML3 9FF2
£100K04/210.14 mi25, Argyle Drive, Hamilton, Lanarkshire ML3 9EB2
£121.5K01/210.16 mi5, Ashworth Terrace, Hamilton, Lan ML3 9JQ2
£85K10/210.27 mi11, Mayfield Road, Hamilton, Lanarkshire ML3 9LL2
£77.5K12/210.27 mi2, Sempie Street, Hamilton ML3 9JL2
£115K07/210.37 mi118, Hillhouse Road, Hamilton, Lan ML3 9TX2
£90K03/210.41 mi16, Hillhouse Crescent, Hamilton, Lanarkshire ML3 9TF2
£120K02/210.42 mi33, Linden Lea, Hamilton, Lan ML3 9AE2
£190.5K04/210.49 mi7, Den Bak Avenue, Hamilton, Lanarkshire ML3 8DA2
£125K03/240.53 mi54, Windsor Gardens, Hamilton, Lan ML3 0ND2
£85K02/210.53 mi46, Bryan Street, Hamilton ML3 0JN2
£163.1K10/210.54 mi47, Russell Street, Hamilton, Lanarkshire ML3 0QW2
£87.5K12/210.6 mi44, Chantinghall Road, Hamilton, Lanarkshire ML3 8NG2
£103.5K10/210.63 mi8, Melfort Road, Hamilton, Lan ML3 9UR2
£140K11/210.64 mi60, Scholars Wynd, Hamilton, Lanarkshire ML3 8RE2
£127.6K03/210.67 mi42, Birdsfield Street, Hamilton ML3 0RD2
£101.5K05/210.7 mi21, Belhaven Road, Hamilton, Lanarkshire ML3 9RS2
£82K01/210.72 mi94, Clarkwell Road, Hamilton, Lanarkshire ML3 9RQ2
£100K07/210.72 mi28, Victoria Street, Hamilton, Lanarkshire ML3 0LE2
£77K12/210.74 mi6, Atholl Court, Blantyre, Glasgow, Lanarkshire G72 0YU2
£72K05/210.74 mi102, Townhill Road, Hamilton, Lanarkshire ML3 9RH2
£110.2K12/210.75 mi23, Creran Court, Hamilton, Lanarkshire ML3 8UG2
£80K06/210.77 mi108, Fleming Way, Hamilton, Lanarkshire ML3 9PE2
£127.5K10/210.78 mi7, Abbotsford Road, Hamilton ML3 0PL2
£127K05/210.78 mi5, Albert Lane, Hamilton, Lanarkshire ML3 0SH2
£76.1K05/210.8 mi128, Comrie Crescent, Hamilton, Lanarkshire ML3 9QQ2
£120K03/240.83 mi6, Sween Drive, Hamilton, Lan ML3 8UR2
£118K11/210.83 mi23, Fyne Court, Hamilton, Lanarkshire ML3 8UH2
£96K12/210.85 mi129, Burnside Crescent, Blantyre, Glasgow, Lanarkshire G72 0LE2
£82K02/210.85 mi235, Townhill Road, Hamilton, Lan ML3 9RW2
£125K10/210.87 mi73, Backmuir Road, Hamilton ML3 0PY2
£133K06/210.87 mi103, Parkville Drive, Blantyre, Glasgow, Lanarkshire G72 0LF2
£88K09/210.87 mi136, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£106.3K01/210.87 mi152, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£100K04/210.92 mi48, Glasgow Road, Blantyre, Glasgow, Lanarkshire G72 0JX2
£110K08/210.94 mi184, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£95.5K12/210.95 mi188, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£145.1K07/210.95 mi154, Brankholm Brae, Hamilton ML3 9QR2

Local Rents

35 rents from £525/mo to £2.7K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£79505/240.03 miSutherland Crescent, Hamilton, Lanarkshire, ML32
£85008/240.07 mi-2
£69506/240.09 miHill Street, Hamilton, South Lanarkshire, ML32
£2,70002/250.09 mi-2
£65006/240.13 miRoseberry Place, Burnbank, Hamilton2
£72512/240.18 miArgyle Drive, Hamilton2
£72506/240.19 mi51, King Street, Hamilton, ML3 9JH2
£75005/240.19 mi-2
£78012/240.19 mi-2
£79506/240.2 miKirkfieldbank Way, Hamilton, Lanarkshire, ML32
£67512/240.24 miKenilworth Crescent, Hamilton2
£55011/230.25 mi-2
£65005/240.26 mi75 George Court, Hamilton, ML3 0NZ2
£65006/240.27 miGordon Terrace, Hamilton2
£67506/240.29 miGeorge Court, Hamilton, Lanarkshire, ML32
£52505/240.31 mi-2
£65005/240.36 miGeorge Street, Hamilton, South Lanarkshire, ML32
£65005/240.36 mi-2
£65005/240.36 mi-2
£69502/240.37 mi-2
£77505/240.39 miPhilips Wynd, Hamilton2
£57512/230.39 mi-2
£85005/240.45 mi-2
£69506/240.48 miCopperwood Court, Hamilton2
£80003/250.49 mi-2
£79512/240.49 mi-2
£1,15005/240.5 miShaw Drive, Hamilton, ML32
£1,15005/240.5 mi-2
£69503/240.51 miBurnbank Road, Hamilton, ML3 9AQ2
£96001/250.54 mi-2
£1,70005/240.56 mi-2
£1,70011/240.56 mi-2
£69510/230.59 mi-2
£1,00012/240.59 mi-2
£69505/240.6 miFleming Court, Hamilton2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £115,000

March 20, 2025

Floor Plans

Description

  • Popular Location +
  • Semi-detached Villa +
  • Large Lounge +
  • Fitted Kitchen +
  • 2 Bedrooms +
  • Shower Room +
  • WC +
  • Gardens +
  • Driveway +

Ideally located in the sought-after Argyll Drive in Hamilton, this two bedroom semi-detached home offers fantastic potential for buyers looking to put their own stamp on a property. With a spacious layout and generous outdoor space, this home is perfect for families or those seeking a project to create their dream living space.

Inside, the property boasts a large lounge, ideal for both relaxing and entertaining. The fitted kitchen provides ample storage and workspace, while the convenience of a downstairs WC adds to the practicality of the home. Upstairs, the shower room serves the two well-proportioned bedrooms, offering comfortable accommodation for a growing family. Outside, the driveway provides off-street parking, and the gardens to the front and rear offer great outdoor space for enjoying the warmer months.

Although in need of modernisation, this home presents an excellent opportunity for buyers to add value and tailor the interiors to their taste.

Argyll Drive is well placed within Hamilton, a vibrant town with a wealth of amenities including excellent shopping, restaurants, and leisure facilities. Well-regarded schools are within easy reach, making this an ideal location for families. Transport links are excellent, with Hamilton West and Hamilton Central train stations providing quick access to Glasgow and beyond, while the nearby M74 motorway ensures an easy commute to surrounding areas. With its fantastic location and great potential, this property is not to be missed.

Agent Details

Hemmings Homes, Lanarkshire

01698 538069

Next Steps?

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

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