2 Bed Terraced House, Refurb/BRRR, Motherwell, ML1 4HL, £85,000

Ardgour Parade, Motherwell, ML1 4HL - 11 days ago

Under Offer
Refurb/BRRR
ROI: 6%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£60K - £200K

 

 

Square Metres

~68.11 m²

Value Estimate

£80,000

 

 

End Value (After Refurb)

£84,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£26,658

Bridging Loan Interest

£2,231

Total Cash In

£57,340

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£84,625

Mortgage (After Refinance)

£63,469

Mortgage LTV

75%

Cash Left In

£57,340

Equity

£21,156

Rent Range

£495 - £950

Rent Estimate

£743

Running Costs/mo

£433

Cashflow/mo

£310

Cashflow/yr

£3,719

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £60K to £200K, average is £102K.

PriceDateDistanceAddressBeds 
£91K04/210.34 mi13, Glendeveron Way, Carfin, Motherwell, Lanark ML1 4FP2
£128.3K08/210.4 mi29, Bernadette Crescent, Motherwell, Lanarkshire ML1 5AH2
£98K01/210.48 mi5, Poplar Way, Motherwell, Lan ML1 5GY2
£121K03/210.5 mi165, Taylor Avenue, Motherwell, Lanark ML1 5EU2
£125K04/210.56 mi7, Klondike Court, New Stevenston, Motherwell ML1 4FA2
£100K03/210.6 mi417, Merry Street, Motherwell, Lanarkshire ML1 4BP2
£90K04/210.69 mi17, Union Street, Motherwell, Lanarkshire ML1 4HE2
£145K03/210.75 mi178, Jerviston Street, New Stevenston, Motherwell ML1 4HT2
£125K11/210.84 mi23, Park Street, New Stevenston, Motherwell, Lanarkshire ML1 4HU2
£78.8K04/210.94 mi2, Stanefield Drive, Motherwell, Lanarkshire ML1 5BH2
£96K02/210.99 mi10, Queens Crescent, Motherwell, Lanarkshire ML1 4JA2
£195K04/241.05 mi14, Brown Street, Motherwell, Lanarkshire ML1 1LJ2
£78.1K02/211.06 mi35, Caledonia Drive, Motherwell, Lanarkshire ML1 5JN2
£95K12/211.07 mi32, Pickerstonhill, Motherwell, Lanarkshire ML1 5BW2
£80K05/211.09 mi215, Milton Street, Motherwell ML1 1HZ2
£102.5K07/211.18 mi10, Park Avenue, Motherwell, Lanarkshire ML1 4XT2
£99.5K04/241.19 mi25, Birch Street, Motherwell, Lanarkshire ML1 4SF2
£165K05/211.47 mi27, Castle Avenue, Motherwell ML1 4TX2
£200K05/211.53 mi34, Leander Crescent, Bellshill, Lanarkshire ML4 1JB2
£120K02/211.56 mi68, Leander Crescent, Bellshill ML4 1JB2
£80K03/211.6 mi17, Lithgow Drive, Cleland, Motherwell, Lanarkshire ML1 5RB2
£113.5K05/211.61 mi7, James Street, Motherwell, Lanarkshire ML1 3JP2
£120K05/211.65 mi85, North Orchard Street, Motherwell, Lanarkshire ML1 3JL2
£105K12/211.67 mi65, Douglas Drive, Bellshill, Lanarkshire ML4 2QZ2
£99K10/211.69 mi34, Milnwood Drive, Bellshill, Lanarkshire ML4 2RA2
£77K11/211.69 mi52, Milnwood Drive, Bellshill, Lanarkshire ML4 2RA2
£121K04/241.69 mi9, Ellis Way, Motherwell, Lanarkshire ML1 2PN2
£168K02/241.7 mi42, Vesuvius Drive, Motherwell, Lanarkshire ML1 2FA2
£90.1K04/211.7 mi70, Clyde Drive, Bellshill, Lanarkshire ML4 2QX2
£77K01/211.71 mi3, Keynes Square, Bellshill, Lan ML4 2RP2
£89.5K06/211.71 mi52, Scotia Street, Motherwell, Lan ML1 3JZ2
£100K12/211.72 mi46, Omoa Road, Cleland, Motherwell, Lanarkshire ML1 5RQ2
£60K02/211.72 mi17, Whitelaw Crescent, Bellshill, Lanarkshire ML4 2RG2
£102K02/211.72 mi16, Whitelaw Crescent, Bellshill, Lan ML4 2RG2
£85K07/211.73 mi24, Mearns Road, Motherwell, Lanarkshire ML1 3LE2
£116K10/211.76 mi3, Douglas Drive, Bellshill, Lanarkshire ML4 2RE2
£115K02/211.76 mi71, Watling Street, Motherwell, Lanarkshire ML1 3QN2
£105K02/241.8 mi28, Fort Street, Motherwell, Lanarkshire ML1 3QP2
£80K08/211.81 mi8, Clyde Drive, Bellshill, Lanarkshire ML4 2QU2
£128.3K02/241.81 mi21, Clyde Drive, Bellshill, Lanarkshire ML4 2QU2
£123.5K04/241.81 mi37, Dechmont Avenue, Motherwell, Lanarkshire ML1 3LT2
£71.5K08/211.82 mi1, Station Road, Cleland, Motherwell, Lanarkshire ML1 5NW2
£116K05/211.84 mi113, Nelson Crescent, Motherwell, Lanarkshire ML1 2JP2
£85K02/241.84 mi6, Angus Avenue, Motherwell, Lanarkshire ML1 3LQ2
£124K07/211.87 mi110, Calder Road, Bellshill, Lanarkshire ML4 2PW2
£76.5K11/211.97 mi120, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£105K07/211.97 mi78, North Dryburgh Road, Wishaw ML2 7LD2
£102K09/211.97 mi70, North Dryburgh Road, Wishaw, Lanarkshire ML2 7LD2
£146K03/211.97 mi25, Ella Gardens, Bellshill, Lanarkshire ML4 2NT2
£85K06/211.98 mi190, North Dryburgh Road, Wishaw, Lanarkshire ML2 7HQ2

Local Rents

16 rents from £495/mo to £950/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75011/230.25 mi-2
£75011/230.25 mi-2
£55012/230.5 mi-2
£55012/230.5 mi-2
£55012/230.5 mi-2
£49512/240.5 mi-2
£62503/240.54 mi-2
£95003/250.57 mi-2
£85005/240.63 miLaberge Gardens, Motherwell, Lanarkshire, ML12
£65007/230.76 mi-2
£85002/250.84 mi-2
£85008/240.84 mi-2
£75002/241.03 mi-2
£75012/241.09 mi-2
£75012/241.09 mi-2
£79505/241.14 miDornoch Road, Motherwell, North Lanarkshire, ML12

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

0.22 miles away

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £85,000

March 25, 2025

Floor Plans

Description

  • Perfect for first time buyers +
  • Spacious rooms +
  • Great location +
  • Perfect to make your own +
  • 3D Virtual Tour Available +

This fantastic home in Carfin is the perfect opportunity for a first-time buyer looking to make a space their own. With fresh white walls, generous room sizes and excellent storage throughout, it offers a blank canvas full of potential in a great location.

Five things our current owners love about their home:

1 . Great location Conveniently placed close to shops, schools, and transport links, with everything you need within easy reach.

2 . Excellent cupboard space Plenty of built-in storage throughout the home keeps things neat and organised.

3 . Spacious double bedrooms Both bedrooms are generous in size, ideal for relaxing or furnishing to suit your needs.

4 . Friendly neighbours A welcoming and supportive community that adds to the enjoyment of living here.

5 . Lovely dog walking routes nearby Enjoy peaceful walks in the surrounding area, perfect for dog owners or those who love the outdoors.

Step into a bright, airy lounge with ample space to relax and a large storage cupboard, ideal for everyday essentials.

The kitchen is spacious and full of potential ready for someone to design and make their own. There`s plenty of room for storage and dining, making it a fantastic space for daily life.

Both bedrooms are excellent doubles, offering versatility and comfort.

A bathroom, currently a wet room, is another space ready for modernisation to suit your taste.

With its blank canvas feel, smart layout and fantastic storage, this home is a brilliant first step onto the property ladder.

Say YES to the address @uploadabode

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Upload Abode, Lanarkshire and Glasgow

01698 538778

Next Steps?

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