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Ground floor cottage flat
New to auction is this one bed ground floor cottage flat in the popular Forgewood area, approximately two miles north west of Motherwell town centre. In need of a programme of refurbishment works, the accommodation comprises spacious lounge, one bedroom, kitchen and shower room. Further benefits include garden area and driveway. The Guide Price offers an outstanding 34% discount against Home Report valuation, with additional value available through upgrade works. Rental investors will be attracted to potential post works rental income of £5266 per annum (lha figures), and this could also be an ideal starter flat. Early viewing is essential to appreciate the outstanding value on offer. Council Tax Band: A.
Comparables
107 Bellshill Road, Sold For £53,000,01/24
10 Ghillies Lane, Sold For £50,289,10/23
6 Ghillies Lane, Sold For £60,000,02/23
Forgewood is an established residential area located to the northwest of Motherwell town centre. The area offers a number of local amenities with a greater range available in the nearby Motherwell town centre. Transport links include the nearby West Coast Main Line, with Motherwell railway station situated approximately one mile southeast of Forgewood. The A721 road passes by the area, providing bus services to Glasgow and connections to Bellshill and Wishaw.
Purchasers notes
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- Exciting refurbishment project
- Outstanding 34% discount against Home Report
- Strong potential rental returns
- Ideal for buy to let or starter flat