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117 Winning Quadrant, Wishaw, ML2 7TS

£39,000

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Flat

Residential

117 Winning Quadrant, Wishaw, ML2 7TS

2

bed

1

bath

1

reception

Residential Development Opportunity

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Description

  • PRIME NEW LISTING. We are excited to present this vacant 2-bedroom flat located within a prime location in Wishaw.

  • **6, Glencairn Avenue, Craigneuk, Wishaw ML2 7RG sold for £65,000 in Nov 2021** **12, Glencairn Avenue, Craigneuk, Wishaw ML2 7RG sold for £58,000 in Aug 2020**

  • For those interested in rental investments, properties in this highly sought-after area are currently achieving rentals of £750-£850 pcm, which translates to an impressive £9,000-£10,200 per annum. Securing this property at the guide price could yield a remarkable gross return of 23% to 26.1%.

  • The property requires light renovation, presenting an exceptional opportunity for astute builders, investors, and developers seeking a strong BRRR opportunity. Once refurbished, this flat is sure to be in high demand as a rental property.

  • Nestled near a wide array of local amenities, including charming restaurants and coffee shops, and positioned close to schools, this property offers excellent access to public transport, making it ideally suited for convenience and lifestyle.

PRIME NEW LISTING. We are excited to present this vacant 2-bedroom flat located within a prime location in Wishaw.

The property comprises a welcoming hallway entry, a spacious living room perfect for entertaining, a well-equipped kitchen, a modern bathroom, two generously sized bedrooms, a lovely balcony, and ample storage throughout.

For those interested in rental investments, properties in this highly sought-after area are currently achieving rentals of £750-£850 pcm, which translates to an impressive £9,000-£10,200 per annum. Securing this property at the guide price could yield a remarkable gross return of 23% to 26.1%.

The property requires light renovation, presenting an exceptional opportunity for astute builders, investors, and developers seeking a strong BRRR opportunity. Once refurbished, this flat is sure to be in high demand as a rental property.

Nestled near a wide array of local amenities, including charming restaurants and coffee shops, and positioned close to schools, this property offers excellent access to public transport, making it ideally suited for convenience and lifestyle.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**6, Glencairn Avenue, Craigneuk, Wishaw ML2 7RG sold for £65,000 in Nov 2021** **12, Glencairn Avenue, Craigneuk, Wishaw ML2 7RG sold for £58,000 in Aug 2020**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Wishaw is a vibrant town known for its charming blend of urban convenience and scenic landscapes. With a rich variety of local amenities, excellent transport links, and proximity to schools, it offers an appealing lifestyle for both families and professionals.

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.