Tenanted Investment, Jerviston Court... 1 bed flat for sale

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Tenanted Investment, Jerviston Court... 1 bed flat for sale

Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£30,000

Our Summary

  • This lot will be sold under auction terms and conditions and purchase will be on an unconditional basis
  • The auction will take place online
  • Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be 10% of purchase price with the remainder to paid through licenced conveyancer
  • Seller has indicated that pre-auction offers will be considered for this lot accordingly this lot may be sold before the advertised auction date

Description

This one-bedroom property in Motherwell is a fantastic investment opportunity, with a settled tenant in place and generating an immediate rental income of £4,200 per year, or £350 per month. The property is located in a popular residential area with easy access to Glasgow and Edinburgh, making it a prime location for commuters. The tenant has an excellent payment history, and the rent is below the average for the area, providing a potential for capital appreciation. The property itself is well-appointed, with a large entrance hallway, lounge, kitchen, double bedroom, and bathroom, enhanced by double glazing and parking. The location is strong, with high demand driven by its proximity to transport links, supermarkets, and sports facilities, making it an ideal addition to any buy-to-let portfolio.