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
£58,000

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
Price Change -3.33%

Description

This 1-bedroom flat in Lanark is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a comfortable layout with 1 bedroom, lounge, kitchen, and bathroom. Currently, it produces an annual gross income of £4,800, which could be increased to a market rate of £6,876 with long-term tenants already in situ. The tenants have a good track record of paying rent on time and have no plans to move out, making for a stable and lucrative investment. With a purchase price that offers a worthwhile return, this property is a great addition to any investor's portfolio.