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3 bedroom flat for sale
Catriona Way, Motherwell ML1
£72,000
Catriona Way, Motherwell ML1
£72,000
Price History
Initial price | £75,000 |
17/08/24 | £72,000 |
Price Change | -4.00% |
Description
Prime Property Auctions presents a tenanted residential development opportunity in Motherwell, a prime location with a Home Report value of £80,000. The 3-bedroom end-of-terrace house is currently achieving £450 per month, with potential to command a rental income of £850-£950 per month, providing a gross yield of 13.6-15.2% based on the guide price of £75,000. The property requires cosmetic renovation and is an ideal investment opportunity for shrewd investors or developers seeking a rare project with remarkable capital growth potential. Located near local amenities, schools, and public transport, the property benefits from gas central heating, double glazing, and ample storage space. With strong demand in the local area, this property is open to immediate offers and will feature in an upcoming timed online auction.