We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · ML11 7JT
Listing removedListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Town centre maisonette flat, extending to approx 1200 square feet (108sqm). The property has been owned by the same family for almost 40 years, in latter years it was rented out.
In all honesty, In our opinion, the property does require some modernising and renovation work, details can be seen in the home report.
There are certainly many of you out there who like a project, to then flip or add to your rental portfolio (high demand in the area) The home report value, in current condition is £115,000.
Comprising to the first floor, double bedroom with shower room, kitchen, lounge and bathroom, the upper level has a further two double bedrooms.
Located in the heart of Lanark, just a short walk to the high street amenities, schools and train station.
The Royal Burgh is steeped in history and has all the required facilities and amenities, including Tesco, Morrisons and Lidl, a wide range of local shops, retail park, health centre, leisure centre with swimming pool, tennis club, bowling clubs, historic 18 hole golf course and Lanark Loch.
Also, good access to the Scottish Borders and the Clyde Valley, providing excellent walks for the outdoor enthusiast including Tinto Hill and the Falls of Clyde at New Lanark, a world heritage site.
Lanark is much favoured particularly for those requiring good transport links, local train station within easy walking distance.
Central to both Glasgow and Edinburgh, with the Edinburgh City Bypass only a thirty minute drive away, providing good access to East Central Scotland.
The M74 is only a fifteen minute journey giving good access to Glasgow and the West of Scotland.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. LAN250150/8
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
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FAQ
About 2, South Vennel, South Lanarkshire
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