Tenanted Investment, Jerviston Court... 1 bed flat for sale

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Tenanted Investment, Jerviston Court... 1 bed flat for sale

Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£23,000

Our Summary

  • This lot will be sold under auction terms and conditions and purchase will be on an unconditional basis
  • The auction will take place online
  • Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be 10% of purchase price with the remainder to paid through licenced conveyancer
  • Seller has indicated that pre-auction offers will be considered for this lot accordingly this lot may be sold before the advertised auction date

Description

This tenanted one-bedroom property in Motherwell is a prime investment opportunity, generating an immediate rental income of £350 per month (£4,200 per year) with a sitting tenant in place. The property is located in a popular residential area with easy access to transport links, supermarkets, and sports facilities, making it a highly sought-after location. With average rental income for a one-bedroom flat in the area being £450 per month (£5,400 per year), this property offers a low rent and potential for capital growth. The property itself comprises an entrance hallway, lounge, kitchen, double bedroom, and bathroom, enhanced by double glazing and parking. The auction will take place online, and the buyer will be required to pay a 10% deposit and the remainder of the purchase price through a licensed conveyancer. The seller is open to pre-auction offers, so interested buyers are encouraged to register and bid on this property with Braveheart Auctions.