3-bedroom bungalow · ML11 9PT
Sold STCReduced £15k (−4.5%) on 18 SepListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**photos are for illustration purposes only** Set amidst a semi rural backdrop on the periphery of Lesmahagow we present the latest boutique development by Modern Housing.
There are four house styles to choose from in this initial offering from a striking contemporary villa to stunning bungalows of varying size and design to suit all sectors of the market.
Each home shall boast stunning detached kitchens by Palazzo with bathrooms by Porcelanosa whilst each home shall also have air source heating.
With bungalow prices from £349,995 we are inviting expressions of interest on the second phase of this latest development by Modern Housing.
The central location of the site allows quick and easy access to the motorway network and the major cities. Lesmahagow provides everyday shopping facilities including a Tesco store and good schooling.
Nearby is the Clyde Valley which is renowned for its variety of garden centres and scenic walks.
The surrounding area offers a wide variety of parks, sports facilities and several pubs and restaurants.
The surrounding towns of Lanark and Hamilton offer a wide range of shopping facilities including retail parks, regular public transport by bus or train to Glasgow, Edinburgh and the surrounding towns.
For those commuting by car the road network links with the M74 motorway both north and southbound and to the M8 motorway linking Glasgow and Edinburgh.
Glasgow airport is easily accessible with the recently opened extension to the M74.
Set amidst a semi rural backdrop on the periphery of Lesmahagow we present the latest boutique development by Modern Housing.
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.
Area
Agent & docs
FAQ
About Plot 22, Brocketsbrae Road, Lanark
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