3 Bed Terraced House, Single Let, Motherwell, ML1 3NY, £75,000

Logans Road, Motherwell, ML1 3NY - 1 views - 10 days ago

BTL

ROI: 17%

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£92.5K - £375K

Square Metres	~93 m²
Value Estimate	£92,500£92,500
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£23,700£23,700

Cash Out
Rent Range	£699 - £1,100£699 - £1,100
Rent Estimate	£728
Running Costs/mo	£400£400
Cashflow/mo	£328£328
Cashflow/yr	£3,936£3,936
ROI	17%17%
Gross Yield	12%12%

Local Sold Prices

26 sold prices from £92.5K to £375K, average is £191.3K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220.1K	10/21	0.16 mi	8, Senate Place, Motherwell ML1 3GE	-	-	3	Detached House
£185K	02/24	0.17 mi	48, Grainger Way, Motherwell, Lanarkshire ML1 3GY	-	-	3	Semi-Detached House
£105K	12/21	0.3 mi	97, Fort Street, Motherwell, Lanarkshire ML1 3RQ	-	-	3	Semi-Detached House
£151K	06/21	0.33 mi	39, Alyssum Crescent, Motherwell, Lan ML1 1DF	-	-	3	Semi-Detached House
£160K	07/21	0.35 mi	13, Sunflower Gardens, Motherwell, Lanarkshire ML1 1BZ	-	-	3	Semi-Detached House
£150K	08/21	0.39 mi	133, Roman Road, Motherwell, Lanarkshire ML1 1EA	-	-	3	Terraced House
£171K	09/21	0.44 mi	123, Parkneuk Street, Motherwell, Lanarkshire ML1 1BY	-	-	3	Semi-Detached House
£295K	08/21	0.47 mi	56, Orchard Street, Motherwell, Lanarkshire ML1 3JD	-	-	3	Semi-Detached House
£92.5K	06/21	0.47 mi	37, Horatius Street, Motherwell, Lanarkshire ML1 3RR	-	-	3	Terraced House
£154.1K	05/21	0.48 mi	18, Horatius Street, Motherwell, Lanarkshire ML1 3RR	-	-	3	Semi-Detached House
£148K	12/21	0.48 mi	4, Gibson Quadrant, Motherwell, Lanarkshire ML1 3TG	-	-	3	Terraced House
£260.3K	12/21	0.5 mi	70, Douglas Street, Motherwell, Lanarkshire ML1 3JG	-	-	3	Terraced House
£375K	07/21	0.5 mi	32, Douglas Street, Motherwell, Lanarkshire ML1 3JG	-	-	3	Semi-Detached House
£247.5K	12/21	0.52 mi	5, Kethers Lane, Motherwell, Lanarkshire ML1 3HL	-	-	3	Detached House
£210K	03/21	0.54 mi	4, Boyd Drive, Motherwell, Lanarkshire ML1 3HX	-	-	3	Semi-Detached House
£253.8K	01/21	0.57 mi	39, The Loaning, Motherwell, Lan ML1 3HE	-	-	3	Semi-Detached House
£265K	02/24	0.6 mi	26, Cunningham Street, Motherwell, Lanarkshire ML1 3EP	-	-	3	Semi-Detached House
£136K	11/21	0.6 mi	2, Calder Grove, Motherwell, Lanarkshire ML1 1EP	-	-	3	Terraced House
£267.5K	02/21	0.64 mi	6, Viewpark Road, Motherwell, Lan ML1 3ER	-	-	3	Semi-Detached House
£310K	04/24	0.73 mi	108, Crawford Street, Motherwell, Lanarkshire ML1 3BN	-	-	3	Semi-Detached House
£245.5K	10/21	0.84 mi	35, Alexander Gibson Way, Motherwell, Lan ML1 3FA	-	-	3	Detached House
£143.5K	12/21	0.91 mi	3, Golf Place, Bellshill, Lanarkshire ML4 2DH	-	-	3	Terraced House
£197.5K	09/21	0.93 mi	10, Cobbett Road, Motherwell, Lanarkshire ML1 3BX	-	-	3	Semi-Detached House
£210K	11/21	0.94 mi	141, Avon Street, Motherwell, Lanarkshire ML1 3AL	-	-	3	Semi-Detached House
£160K	01/21	0.95 mi	9, Community Avenue, Bellshill, Lan ML4 2DD	-	-	3	Semi-Detached House
£105K	11/21	1 mi	23, Liberty Road, Bellshill, Lanarkshire ML4 2EY	-	-	3	Terraced House

Local Rents

10 rents from £699/mo to £1.1K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£750	02/25	0.08 mi	-	3	Terraced House
£725	05/24	0.33 mi	Scotia Street, Motherwell	3	Terraced House
£775	05/24	0.38 mi	Bellshill Road, Motherwell, ML1	3	Flat
£1,050	02/24	0.4 mi	-	3	Terraced House
£1,100	03/25	0.47 mi	-	3	Terraced House
£950	08/23	0.48 mi	-	3	Terraced House
£995	03/24	0.48 mi	-	3	Terraced House
£925	12/24	0.48 mi	-	3	Terraced House
£750	05/24	0.59 mi	-	3	Flat
£699	12/24	0.59 mi	-	3	Flat

Local Area Statistics

Population in Motherwell	54,08954,089
Town centre distance	1.92 miles away1.92 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.53 miles away0.53 miles away

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

Property History

Listed for £75,000

March 26, 2025

Description

Popular Location +
Amazing Investment Opportunity +
3 Bedrooms +
Parking +
Garden Area +
Close Transport Links +

Property for Sale: Logans Road, Motherwell
Offers Over £75,000

Sold As Seen

Your attention is drawn to the fact that we are unable to confirm whether certain items included in the sale of this property are in full working order. Any prospective purchaser must accept the property for sale on this basis.

Bedrooms: 3

Parking: Available

Garden: Yes

Location: Good location, ideal for local amenities and transport links

Investment Opportunity: Great potential for rental or future resale

This three-bedroom property offers a fantastic opportunity for investors or first-time buyers. With off-street parking, a private garden, and a convenient location, it's a solid choice for anyone looking to invest in Motherwell. Early viewings highly recommended!

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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