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1 bedroom flat for sale
24 Greenfield Quadrant, Motherwell, ML1 5TF
£45,000
24 Greenfield Quadrant, Motherwell, ML1 5TF
£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
A large one-bedroom tenanted property is being auctioned off with an excellent opportunity to buy an immediate cashflowing investment. The property is located on the outskirts of Motherwell, near the High Street, and features double glazing and gas central heating. The current tenant is paying £425 per calendar month, providing an annual income of £5,100 and a gross yield of 11.3%. The property has a Guide price of £45,000 and has the potential for high yielding investment with a rental potential of £475-£575 per calendar month. The local area has seen recent strong demand, and the property offers excellent scope for capital growth. The property is being sold with sitting tenant and can be purchased immediately with the opportunity to put one's own stamp on it.