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1 bedroom flat for sale
Greenfield Quadrant, Motherwell ML1
£45,000
Greenfield Quadrant, Motherwell ML1
£45,000
Our Summary
- 3%Excellent scope for capital growth given local sales evidence
- Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth
- Property has a Guide price of £45,000 and is sure to appeal to investors looking for a property that they can put their own stamp on
- 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
Description
This property is a large 1-bedroom flat located in Motherwell, ML1 5TF, which is currently tenanted at £425 per calendar month, providing an annual income of £5,100 and a gross yield of 11.3% if achieved at the guide price of £45,000. The property features a hallway with storage and meter cupboard, vestibule, front-facing lounge, kitchen, bedroom, and bathroom, as well as understairs storage and double glazing. The current rent is expected to increase to £475-£575 per month, providing a gross yield of 12.7-15.3%. The property has excellent potential for capital growth, with recent local sales evidence showing strong demand. The guide price is £45,000, and the property is being sold with a sitting tenant, making it an excellent opportunity for investors looking for an easy lettable flat with great potential for capital growth.