Hospitland Drive, Lanark ML11 1 bed flat for sale

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Hospitland Drive, Lanark ML11 1 bed flat for sale

Hospitland Drive, Lanark ML11
£56,000

Price History

Initial price £60,000
14/12/24 £58,000
21/12/24 £56,000
24/12/24 £54,000
03/01/25 £60,000
11/01/25 £58,000
17/01/25 £56,000
Price Change -6.67%

Description

This 1-bedroom flat in Lanark is a fantastic investment opportunity, offering a current annual gross income of £4,800 and potential to increase to £6,876 with long-term tenants already in place. The property is well-maintained and features a lounge, kitchen, and bathroom, making it a worthwhile addition to an investor's portfolio. The current tenants, who have lived in the property for several years, have consistently paid their rent and have no intentions to move out, ensuring a smooth transition for the new owner. With its proximity to amenities and potential for increased rental returns, this property is an attractive option for investors looking to expand their portfolio.