Cottage for sale in 30 Mayfield Road, Hamilton ML3

• Prime Property Auctions is excited to bring to market this 2 Bed, tenanted lower cottage flat located within a popular buy to let location in Hamilton ***guide of £60,000/ Home Report of £75,000***

• ***23, Shaw Drive, Hamilton, Lanarkshire ML3 9GE previously sold for £146,000,130, Hillhouse Road, Hamilton, Lanarkshire ML3 9TX sold for £130,000***

• Currently renting at £500 pm / £6000 pa generating an annual gross yield of 10% based on a guide price of £60,000.

• Rental in area could achieve £575 - £650 pcm (£6,900 - £7800 P/A) which would provide a brilliant rental yield of 11.5% -13% if acquired at ***£60,000 guide price.***

• Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.

Prime Property Auctions is excited to bring to market this 2 Bed, tenanted lower cottage flat located within a popular buy to let location in Hamilton ***guide of £60,000/ Home Report of £75,000***

Property Comprises:

Hallway entrance, 2 spacious bedrooms, Livingroom, Kitchen, WC. Property benefits from gas central heating, double glazing and ample storage throughout. Council Tax Band: A

*** Significantly discounted from home report value to ensure prompt sale and is kept in immaculate condition by tenant***

Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.

Rental in area could achieve £575 - £650 pcm (£6,900 - £7800 P/A) which would provide a brilliant rental yield of 11.5% -13% if acquired at ***£60,000 guide price.***

Sales Evidence:

***23, Shaw Drive, Hamilton, Lanarkshire ML3 9GE previously sold for £146,000,130, Hillhouse Road, Hamilton, Lanarkshire ML3 9TX sold for £130,000***

Currently renting at £500 pm / £6000 pa generating an annual gross yield of 10% based on a guide price of £60,000.

Excellent turnkey investment set in a desirable area with great access to motorways, local amenities, schools and sports facilities.

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:

Hamilton, located in South Lanarkshire, Scotland, offers a compelling investment landscape with its strategic proximity to Glasgow, excellent connectivity, and diverse economy spanning retail, manufacturing, and services. Key infrastructure and regeneration projects, such as the Hamilton Town Centre Action Plan, enhance its appeal. The presence of the University of the West of Scotland contributes to a skilled workforce. Rich in history and culture, with attractions and nearby natural landscapes, Hamilton combines economic vibrancy with a high quality of life, making it an attractive choice for investors seeking growth opportunities in a thriving community.