Two bedroom flat

New to auction is this two bedroom flat in The Mount, conveniently located approximately one mile from Motherwell town centre. Located on the top floor of a modern block comprising six flats in total, the accommodation offers spacious lounge with sliding doors to Juliet balcony, two bedrooms (one with storage, and other with potential to create dressing room/study off), kitchen with wall and base units, and bathroom with three piece suite and over-bath shower. Features include gas central heating, double glazing, off-street parking and shared garden area to rear. A programme of upgrading is required, which is reflected in the competitive Guide Price which offers an impressive 34% discount against the Home Report valuation of £75,000, with great potential to add value through completion of works. Rental investors will be attracted by the potential rental returns of £6,582 p.a (LHA figures), with rental comparables suggesting that income in excess of £9,500 p.a could be achieved. Equally, this could be an ideal starter flat ion popular residential area. Strong levels of interest are anticipated, with early viewing recommended. Council Tax Band: D.

Tenure

Freehold

Area

The Mount enjoys convenient location approximately one mile north-west of Motherwell town centre and has a range of retail and leisure options within easy reach. There is schooling at both primary and secondary levels within the area. There are three train stations - Motherwell, Airbles and Sheildmuir - with the commute to Glasgow around 12 minutes and approximately 45 minutes to Edinburgh. Motherwell also has great access to the M74 and M8 motorway networks making it a great town to commute from to Glasgow, Edinburgh and other major destinations.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

North Lanarkshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.