16 Nethan Gate Hamilton ML3 8NH

2 bedroom Flat in Hamilton

Sold
Fixed Price £94,000
Current Yield 6.6 %
Potential Yield 9 %
Property Reference: 192405671
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 49 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Spacious Lounge
  • Modern Shower Room
  • Hamilton Town Centre Location
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is 2 bedroom flat located within the centre of Hamilton. It has tenants that have taken good care of the space and is able to generate a fantastic rental income.

For the investors that are looking for a rewarding addition to their portfolio, this is a great opportunity!

The home is in good condition and features 2 bedrooms, a three-piece shower room, a spacious lounge and good quality kitchen.

Investment details

The property currently produces an annual gross income of £6,600 which could be increased by the new owner to a market rate of £9,000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy details

The current tenant has lived in the property for several years and has consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Location

The flat is found within the centre of Hamilton so has access to countless valuable amenities. These range from cafe's, restaurants, convenience stores, shops and supermarkets to Primary, Secondary & Nursery Schools, leisure facilities, football pitches and parkland areas.

The area has fantastic main road links to the M74 Motorway and with the Hamilton West train station in close proximity to the property, travel to other surrounding towns and Glasgow City Centre is direct and convenient.

Living Space / Lounge

Filled with natural daylight thanks to the large front windows, the lounge makes for an ample living area with lots of space for furniture and family gatherings.

Kitchen

The kitchen has been well kept and is a great size for the occupants.

Bathroom

A three-piece shower room is found in the property that consists of a wash basin, W.C. and walk-in shower.

Bedroom

Both bedrooms are large in size with enough room for a double bed, bedroom furniture and storage cabinets.

External

There are communal grounds and a garage space available.

Let Property are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is fully refundable in the event of non-completion at no fault of your own.

Helpful Information

Council Tax Band: B
Property Reference: 192405671

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £550
  • Potential Rent pcm: £750
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 4 years +
  • Tenants means of funding: Employment
Property Reference: 192405671
Property Reference: 192405671

Property Location

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Request Details16 Nethan Gate Hamilton ML3 8NH

Fixed Price £94,000

Make an offer
16 Nethan Gate Hamilton ML3 8NH

Listing Price

Fixed Price £94,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.