2 bedroom cottage for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions is excited to bring to market this 2 Bed, tenanted lower cottage flat located within a popular buy to let location in Hamilton *GUIDE OF £60,000/ Home Report of £75,000*
- *23, Shaw Drive, Hamilton, Lanarkshire ML3 9GE previously sold for £146,000, 130, Hillhouse Road, Hamilton, Lanarkshire ML3 9TX sold for £130,000*
- Currently renting at £500 PM / £6000 PA generating an annual gross yield of 10% based on a guide price of £60,000.
- Rental in area could achieve £575 - £650 PCM (£6,900 - £7800 P/A) which would provide a brilliant rental yield of 11.5% -13% if acquired at *£60,000 guide price.*
- Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
- Prime Property Auctions is excited to bring to market this 2 Bed, tenanted lower cottage flat located within a popular buy to let location in Hamilton *GUIDE OF £60,000/ Home Report of £75,000*
- *23, Shaw Drive, Hamilton, Lanarkshire ML3 9GE previously sold for £146,000, 130, Hillhouse Road, Hamilton, Lanarkshire ML3 9TX sold for £130,000*
- Currently renting at £500 PM / £6000 PA generating an annual gross yield of 10% based on a guide price of £60,000.
- Rental in area could achieve £575 - £650 PCM (£6,900 - £7800 P/A) which would provide a brilliant rental yield of 11.5% -13% if acquired at *£60,000 guide price.*
- Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
Prime Property Auctions is excited to bring to market this 2 Bed, tenanted lower cottage flat located within a popular buy to let location in Hamilton *GUIDE OF £60,000/ Home Report of £75,000*
Property Comprises:
Hallway entrance, 2 spacious bedrooms, Livingroom, Kitchen, WC. Property benefits from gas central heating, double glazing and ample storage throughout. Council Tax Band: A
* Significantly discounted from home report value to ensure prompt sale and is kept in immaculate condition by tenant*
Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
Rental in area could achieve £575 - £650 PCM (£6,900 - £7800 P/A) which would provide a brilliant rental yield of 11.5% -13% if acquired at *£60,000 guide price.*
Sales Evidence:
*23, Shaw Drive, Hamilton, Lanarkshire ML3 9GE previously sold for £146,000, 130, Hillhouse Road, Hamilton, Lanarkshire ML3 9TX sold for £130,000*
Currently renting at £500 PM / £6000 PA generating an annual gross yield of 10% based on a guide price of £60,000.
Excellent turnkey investment set in a desirable area with great access to motorways, local amenities, schools and sports facilities.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Hamilton, located in South Lanarkshire, Scotland, offers a compelling investment landscape with its strategic proximity to Glasgow, excellent connectivity, and diverse economy spanning retail, manufacturing, and services. Key infrastructure and regeneration projects, such as the Hamilton Town Centre Action Plan, enhance its appeal. The presence of the University of the West of Scotland contributes to a skilled workforce. Rich in history and culture, with attractions and nearby natural landscapes, Hamilton combines economic vibrancy with a high quality of life, making it an attractive choice for investors seeking growth opportunities in a thriving community.
Places of interest
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Property reference 206313324. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on May 31, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on May 31, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 27, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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