This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Home Report £25,000
- Outstanding 50% discount against Home Report
- Potential rental yield of 43% (LHA at Guide Price £5385pa)
- Potential to add value through upgrade
- Ideal for rental investors and owner/occupiers
New to auction is this two bedroom flat, enjoying preferred first floor position in Dalriada Crescent, approximately two miles north-east of Motherwell town centre. The accommodation comprises spacious lounge, two double bedrooms, kitchen and bathroom with over bath shower. Benefits include gas central heating, double glazing and communal area to rear. Some degree of upgrading repair and clearance is required which is reflected in the competitive Guide Price offering an outstanding 50% discount against Home Report valuation. Rental investors will be attracted to the fantastic LHA £5385pa rental yield of 43% if purchased at Guide Price, with market comparables suggesting that even stronger rental cashflow could be generated. This is perfect for both rental investors and owner/occupiers, and early viewing is essential to appreciate the huge value on offer. Council Tax Band: B.
Comparbles:
234 Dalriada Crescent: Sold for £40,000 08/23
195 Dalraida Crescent: Sold for £38,000 07/23
246 Dalriada Crescent: Sold for £38,000 04/23
Dalriada Crescent is located in the north-east of the Motherwell town centre. Dalriada Crescent is well-connected to the rest of the town and the surrounding areas by public transport. Motherwell offers a variety of retail options including the Motherwell Shopping Centre, which has over 50 stores and services, and the nearby Ravenscraig Regional Sports Facility, which has a gym, a swimming pool, and an indoor football pitch. Motherwell also has several independent shops and cafes along its main street. There are bus stops locally which offer frequent services to Glasgow, Hamilton, Wishaw and other destinations. The nearest train station is Airbles, which is about a 15-minute walk from the street. The station is on the West Coast Main Line, which provides fast and regular trains to Glasgow, Edinburgh, London and other major cities.
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