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See how verdicts work3-bedroom flat · ML11 9HD
Listing removedReduced £5k (−3.7%) on 5 FebListed 353 days
Opportunity summary
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About
***£10K under Home Report Valuation*** Great opportunity to acquire family home or investment/development property Ginette Hamilton Keller Williams Ext 906 is delighted to present an undoubtedly fabulous opportunity to acquire a spacious three bedroom duplex apartment in the heart of Lanark close to all local amenities and visitor attractions.
This property has excellent development opportunity with further scope to really transform this traditional stone built property from circa 1850 into a really amazing family home or investment property.
The current owner has already completely transformed the original stone outbuilding into a fully refurbished self-contained living accommodation with living/sitting room, underfloor heating, kitchenette with all modern appliances, including a breakfast bar area and shower room with WC.
This uncommon feature offers great potential for short term lets in an area which attracts a lot of tourists and visitors for various reasons.
Lanark is a historic market town in the Clyde Valley and one of the oldest royal burghs in Scotland.
The heritage village of New Lanark and the famous Falls of Clyde are also within short driving distance.
Entry to this property is via a communal hallway and a recently redecorated private winding staircase which has a large window overlooking the rear garden area and beyond.
On the first floor you’ll find a spacious open plan living/dining room which areas are defined by a large decorative archway feature.
There is a large window overlooking the main street and an alcove next to this with in-built storage and plenty of space for relaxing and entertaining family and friends here.
The kitchen can be conveniently accessed from this room and enjoys pleasant views over the rear garden area and outbuildings.
There is a good range of modern fitted cupboards and ample space for all kitchen appliances including a tall larder fridge and low level freezer, washing machine, dishwasher, gas hob and oven, all of which are included in this sale.
Off the hall there is a large storage cupboard situated under the stairs and the first double bedroom overlooking the main street can also be found on this level.
This room could also be used a home study/workspace depending on your requirements. Upstairs you’ll find a further two generously sized double bedrooms.
The bedroom to the front of the property also benefits from large fitted wall to wall storage wardrobes with sliding doors and the third bedroom which enjoys views over the rear garden space also benefits from an in built storage cupboard.
The bathroom is conveniently situated at the top of the stairs and is fitted with a white bathroom suite, electric shower and has been partially tiled.
This property also benefits from modern double glazing and gas central heating.
In the communal close there is additional cellar storage space which could be used for bicycle storage and garden equipment.
Outside you’ll find that there are ample garden grounds to enjoy with plenty of mature trees and shrubs providing shelter and privacy.
A paved walkway leads you down the length of the whole garden grounds including a privately owned section in the middle which provides a really tranquil and secure outside space for the owners exclusive use.
In addition to this there are other communal garden areas mostly laid to lawn and a communal drying green situated at the bottom of the garden grounds.
Lanark is a thriving market town with many points of interest and visitor attractions.
It is well renowned as the home of William Wallace who started the Scottish uprising and there are several statues, plaques and building wall art to commemorate his bravery.
There is a great sense of community here with many local independent shops, cafes, pubs and award winning restaurants as well as a modern retail park and supermarkets nearby.
Seasonal events are also celebrated here all year round attracting visitors from neighbouring towns and villages, in particular Lanimer Day which is celebrated in June.
The town also benefits from a train and bus station, leisure and health facilities, golf course, museum, golf course and riding school.
It is ideally situated for commuting to both Glasgow and Edinburgh as well as across the central belt.
Other nearby parks and visitor attractions include Lanark Loch, the heritage village of New Lanark and the famous Falls of Clyde. Council tax banding : B EPC Rating : C
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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 25a, Westport, Lanark
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