3 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions is excited to present this tenanted residential development Opportunity, 3 bedroom spacious end-of- terrace house, located within a prime location in Motherwell *HOME REPORT
- *42, George Street, Motherwell, Lanarkshire ML1 4NQ sold for £144,000, 211, O'wood Avenue, Holytown, Motherwell, Lan ML1 4TR sold for £157,000*
- Currently achieving £450 pm, property could command a rental £850- £950 PCM / £10,200 - £11,400 which would provide an exceptional gross yield of 13.6% - 15.2% based on guide price of £75,000.
- Property requires cosmetic renovation. Sure to appeal to shrewd investors/developers looking for a rare project with remarkable capital growth potential.
- Easily lettable property in a sought after location, near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport.
- Prime Property Auctions is excited to present this tenanted residential development Opportunity, 3 bedroom spacious end-of- terrace house, located within a prime location in Motherwell *HOME REPORT OF £80,000*
- *42, George Street, Motherwell, Lanarkshire ML1 4NQ sold for £144,000, 211, O'wood Avenue, Holytown, Motherwell, Lan ML1 4TR sold for £157,000*
- Currently achieving £450 pm, property could command a rental £850- £950 PCM / £10,200 - £11,400 which would provide an exceptional gross yield of 13.6% - 15.2% based on guide price of £75,000. *HIGH YIELDING INVESTMENT*
- Property requires cosmetic renovation. Sure to appeal to shrewd investors/developers looking for a rare project with remarkable capital growth potential.
- Easily lettable property in a sought after location, near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport.
Prime Property Auctions is excited to present this tenanted residential development Opportunity, 3 bedroom spacious end-of- terrace house, located within a prime location in Motherwell *HOME REPORT OF £80,000*
Property Comprises:
Hallway Entrance, 3 Bedroom, Bathroom, Kitchen, Living Room and ample storage space. Needs light Renovation. Property benefits from gas central heating, double glazing throughout and ample storage space.
Sales Evidence:
*42, George Street, Motherwell, Lanarkshire ML1 4NQ sold for £144,000, 211, O'wood Avenue, Holytown, Motherwell, Lan ML1 4TR sold for £157,000*
*HIGH YIELDING INVESTMENT*
Currently achieving £450 pm, property could command a rental £850- £950 PCM / £10,200 - £11,400 which would provide an exceptional gross yield of 13.6% - 15.2% based on guide price of £75,000.
Property requires cosmetic renovation. Sure to appeal to shrewd investors/developers looking for a rare project with remarkable capital growth potential.
Easily lettable property in a sought after location, near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport.
The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.
This lot is open to immediate offers. Swing that there is strong demand.
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:
Motherwell, a town in North Lanarkshire, Scotland, presents strong investment opportunities due to its strategic location, diverse economy, and ongoing development projects. Positioned near Glasgow, Motherwell benefits from excellent transport links, including major roadways and rail connections, making it an accessible hub for business and commuting. The local economy is supported by a mix of manufacturing, retail, and services, with significant investments in infrastructure and redevelopment projects, such as the regeneration of Ravenscraig, one of Europe's largest brownfield sites. This project aims to transform the area with new housing, commercial spaces, and amenities, driving economic growth and enhancing the town's appeal. Motherwell's proximity to Glasgow, combined with its improving infrastructure, vibrant community, and commitment to sustainable development, makes it an attractive destination for investors seeking opportunities in a dynamic and well-connected town.
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Property reference 204851737. 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 April 30, 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 April 30, 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
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