2 Bed Flat, Single Let, Motherwell, ML1 3NU, £60,000

Birrens Road, Motherwell, Lanarkshire, ML1 3NU - 2 views - 14 days ago

BTL
ROI: 8%
~68 m²
+19 photos

ValuationOvervalued

Sold Prices£30K - £192.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£40,874

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£650 - £3,000

Rent Estimate

£425

Running Costs/mo

£293

Cashflow/mo

£133

Cashflow/yr

£1,590

ROI

8%

Gross Yield

9%

Local Sold Prices

20 sold prices from £30K to £192.5K, average is £101.1K.

PriceDateDistanceAddressBeds 
£73K08/210.15 mi59, Fort Street, Motherwell ML1 3QP2
£110K04/240.28 mi39, John Muir Way, Motherwell, Lanarkshire ML1 3GX2
£119.5K10/210.34 mi50, Bruce Avenue, Motherwell, Lanarkshire ML1 3LB2
£54K12/210.34 mi40, Brodick Avenue, Motherwell, Lanarkshire ML1 3PS2
£127.5K11/210.49 mi173, Ladywell Road, Motherwell ML1 3HQ2
£100K03/210.59 mi27, Henderson Court, Motherwell ML1 3GZ2
£43.5K02/240.61 mi95, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£40K02/240.61 mi79, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XT2
£39.5K04/240.64 mi250, Dalriada Crescent, Motherwell, Lanarkshire ML1 3YA2
£124.6K06/210.64 mi27, Neilsland Drive, Motherwell ML1 3EB2
£30K05/210.66 mi186, Dalriada Crescent, Motherwell, Lanarkshire ML1 3XS2
£102.2K02/210.68 mi33, Guthrie Court, Motherwell, Lan ML1 3FR2
£105K12/210.7 mi11, The Mount, Motherwell ML1 3SW2
£192.5K06/210.79 mi5b Avon Court, Avon Street, Motherwell, Lanarkshire ML1 3AA2
£68.5K06/210.81 mi9, Northfield Street, Motherwell, Lanarkshire ML1 1HE2
£158K10/210.81 mi26, Cameron Street, Motherwell, Lanarkshire ML1 3AH2
£58K09/210.83 mi32, Vulcan Street, Motherwell ML1 1HB2
£69K05/210.85 mi6, Scott Street, Motherwell, Lanarkshire ML1 1PJ2
£142K09/210.99 mi8, Imlach Place, Motherwell, Lanarkshire ML1 3FA2
£121K01/210.99 mi32, Imlach Place, Motherwell, Lanarkshire ML1 3FD2

Local Rents

17 rents from £650/mo to £3K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£3,00004/250.02 mi-2
£65012/240.28 miArran Road, Motherwell, Lanarkshire, ML12
£65009/240.3 mi-2
£85005/240.34 miBruce Avenue, Motherwell, Lanarkshire, ML12
£80006/240.4 miBoyd Drive, Motherwell, ML12
£80012/240.4 mi-2
£80001/250.4 mi-2
£79505/240.45 miFrood Street, Motherwell2
£69512/240.48 mi3 Findlay Court, Motherwell, ML1 1LA2
£65011/240.48 mi-2
£77510/230.56 mi-2
£77507/240.56 mi-2
£77505/240.57 miBellshill Road, Motherwell, Lanarkshire2
£1,99912/240.57 mi-2
£75005/240.57 miHenderson Court, Motherwell, ML12
£75003/240.57 mi-2
£85009/240.57 mi-2

Local Area Statistics

Population in Motherwell

54,089

Town centre distance

2.08 miles away

Nearest school

0.30 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+69%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £60,000

March 28, 2025

Description

  • Buy-to-Let Opportunity +
  • Good Condition +
  • Patio +
  • Parking Lot +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This 2 bedroom flat in Motherwell offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.

The well-maintained property features two bedrooms, three-piece bathroom, spacious lounge, kitchen, patio and parking lot.

Investment Details:

The property currently generates an annual gross income of £5,100 which has the potential to be increased to a market rate of £9,000 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.

For further details on the property's investment potential, please refer to the attached Let Property Pack.

Should you express interest in this property, please contact us.

Tenancy Details:

The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.

Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer's premium may be applied. This premium is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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