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3 bedroom semi-detached house for sale
39 Balfron Crescent, Hamilton, ML3 9UH
£45,000
39 Balfron Crescent, Hamilton, ML3 9UH
£45,000
Our Summary
- We are excited to present this Rare Renovation Opportunity
- ***HIGH YIELD INVESTMENT*** Property requires FULL RENOVATION, offers Fantastic Capital growth potential
- ***PRICE TO ENSURE QUICK AUCTION SALE*** We are excited to present this Rare Renovation Opportunity
- Due to WATER DAMAGE Property requires FULL RENOVATION ***PRICE TO ENSURE QUICK AUCTION SALE, BUYER FEE CHARGED AT £5,000 +VAT*** Sales Evidence: ***41, Balfron Crescent, Hamilton, Lan ML3 9UH sold for £195,000, 24, Gilmour Drive, Hamilton, Lanarkshire ML3 9UQ sold for 180,000 *** For rental purposes, property could achieve £1250 pm - £1350 pm, / £15,000 PA - £16,560 PA which would provide an exceptional gross yield of 33
- ***HIGH YIELD INVESTMENT*** Property requires FULL RENOVATION, offers Fantastic Capital growth potential
- Property requires renovation
- 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 rare renovation opportunity is a 3-bedroom semi-detached house located in a sought-after area of Hamilton, Scotland. The property requires full renovation due to water damage and is being sold at a guide price of £45,000. Despite its need for renovation, the property has the potential to achieve a high yield as a rental property, with a potential gross yield of 33.3-36.8% based on the guide price. The property is being sold to ensure a quick auction sale and is expected to appeal to shrewd investors and developers looking for a rare project with remarkable capital growth potential. The local area has seen strong sales recently, with nearby properties selling for £195,000 and £180,000, demonstrating the demand for properties in the area.