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See how verdicts work2-bedroom flat · ML11 7LL
Listing removedListed 111 days
Opportunity summary
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About
Situated on the top floor of the popular McCarthy and Stone development in the market town of Lanark, this two bedroom retirement flat offers excellent accommodation.
Accommodation comprises of; Entrance Hallway, Living Room, Kitchen, Two Double Bedrooms, Shower Room, Electric Heating.
EPC - C Within the Wallace Court complex there are 45 flats on four levels served by a lift which consist of 15 two-bedroom properties and 30 one-bedroom properties.
The properties have built-in features designed specifically to meet the needs of an older home owner.
In addition the complex provides features which include a residents lounge, security alarm system, guest suite, house manager, emergency call system, lift to all floors, fire detection equipment and laundry room.
On entering the property the hallway gives access to all rooms except the kitchen and three storage cupboards.
The living room/diner has a feature fireplace with inset coal effect electric fire and dining area to the rear. This is a good sized room having ample space for a dining table and chairs.
Decorated in light neutral tones with coving to ceiling. A second set of opaque glazed French style doors lead into the kitchen.
The compact kitchen has a range of base and wall mounted units in white gloss with contrasting worktop and tiled splash-back.
Stainless steel sink and drainer with mixer tap set below the front-facing window. Built-in electric oven and four ring hob. Space for fridge freezer. Bedroom one has front-facing window.
Decorated in light neutral tones with fitted carpet. The second bedroom, is again a good sized double with window to the front and benefits from built-in wardrobes.
The shower room is fitted with a three piece suite comprising; WC, wash-hand basin set into vanity unit, and walk-in shower cubicle.
Tiled to ceiling height all round and splash-panelling around shower area, with vinyl covering to the floor. Extractor fan. Heated towel rail.
The three large storage cupboards are all accessed from the hallway, one of which houses the electricity meter, boiler and alarm system.
Entrance Hallway 5.38m x 2.07m Living Room 7.12m x 3.27m Kitchen 2.75m x 2.31m Bedroom One 4.88m x 2.90m Bedroom Two 4.87m x 2.99m Shower Room 2.06m x 1.68m Lanark offers a wide range of everyday amenities including supermarkets, independent retailers, cafés, schooling and leisure facilities.
Excellent transport links are available via Lanark railway station with regular services to Glasgow, and convenient access to the M74 motorway network.
It is also located on a regular and bus route which enables efficient and easy commuting.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 43, Wallace Court, Lanark
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