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Studio for sale

£28,000 Offers over

Main Street, Motherwell ML1

Studio for sale 1 1
Interested in this property? Call +44 141 376 0473 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Buy-to-Let Opportunity
  • Likely to attract enquiries from Serious Investors & Developers
  • Long Term Tenants Currently Situated
  • Studio Flat
  • Open Plan Lounge and Kitchen
  • Three Piece Bathroom and WC
  • Garden Grounds
  • Allocated Parking Space
  • Investment potential detailed below (Let Property Pack)

Property description

Our latest listing is a Studio Flat located in Motherwell. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features open plan lounge and kitchen, three piece bathroom and wc, garden space and allocated parking space.

Investment details

It currently produces an annual gross income of £4,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Property info

Property value data/graphs for ML1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £333,152 £157 3.8 £242,945
Semi-detached £206,392 £152 2.9 £177,028
Terraced £190,930 £124 2.6 £129,702
Flats £134,967 £122 2.0 £99,385

Current asking prices in ML1

Average: £220,197
Avg. current asking prices in ML1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £65,000
(1)
£137,599
(10)
£196,063
(23)
£324,105
(28)
£444,999
(5)
Flats £59,000
(8)
£110,206
(12)
£133,000
(1)
- -
All £59,667
(9)
£122,657
(22)
£193,436
(24)
£324,105
(28)
£444,999
(5)

Current asking rents in ML1

Average: £1,092 pcm
Avg. current asking prices in ML1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £750 pcm
(1)
- £2,301 pcm
(1)
-
Flats - £919 pcm
(5)
- - -
All - £890 pcm
(6)
- £2,301 pcm
(1)
-

Fun facts for ML1

Highest value in ML1
Highest value streets Zed-Index
Lapwing Crescent £583,513
Gadwall Grove £581,242
Faulkner Grove £513,581
Ravenshall £495,090
Glen Orchy Road £459,317
Highest turnover in ML1
Highest turnover streets Turnover
Longniddry Gardens 120.0%
Brentnall Grove 117.6%
Babbage Court 117.0%
Paragon Drive 116.4%
Archerfield Crescent 115.6%
Arrange Viewing

For more information about this property, please contact
Let Property, G12 on +44 141 376 0473 * (local rate)

Monthly running costs Beta

£188 Monthly total

Mortgage

Purchase price
Deposit (10%) 2,800
Repayment term 25
Interest rate 2.0
Your payment £106 /mo How Much Could I Borrow In association with RBS

These results are not provided by RBS and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £500,000 Contents value up to £100,000 Average insurance cost £8/mo (£99/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £25 Electricity £49 Estimated energy cost £74/mo

Similar properties could save up to £175

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this size and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 3500 kWh/year

Source: National Energy Efficiency Data Framework

Contact Let Property about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Let Property, and do not constitute property particulars. Please contact Let Property for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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