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 work2-bedroom flat · ML11 9AA
Listing removedListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a central location within the historic market town of Lanark, 37 Wellgatehead is a deceptively spacious, two bedroom, ground floor flat with private garden at the rear.
The home is entered from the front through a vestibule into a large, welcoming entrance hallway. To the left and right are two, well-proportioned, double bedrooms.
The bathroom is modern and stylish with a suite comprising, W.C, wash hand basin and bath with mixer shower over.
Centrally, a long hallway with excellent storage leads through to the charming country style kitchen at the rear.
Here there is a wide selection of base and wall mounted storage with the addition of large walk-in pantries, integrated fridge, freezer, oven and hob and space for a slot-in washing machine.
Access can be gained from here to the rear garden. Off the kitchen is a spacious living room which offers dining space.
The rear garden is beautifully well-tended with raised planters, seating area and large shed for garden storage.
This ground floor flat has charm in abundance and provides a great opportunity for those looking for a property all on the one level, close to the towns amenities.
EPC Rating: C Location From our office at 2 High Street, Lanark. Walking: Continue up the Wellgate onto Wellgatehead where number 37 can be found on the left.
Driving: Continue up the High Street taking the right hand fork onto Bannatyne Street.
Continue along this road onto Ladyacre Road and take the third exit on the round about heading back down Hyndford Road towards Wellgatehead where number 37 can be found on the right.
Living Room (4.79m x 4.07m) Kitchen (4.09m x 3.20m) Bedroom (3.59m x 2.43m) Bedroom (3.18m x 2.97m) Bathroom (2.67m x 1.53m)
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
Agent & docs
.png)
FAQ
About 37, Wellgatehead, Lanark, ML11
Explore nearby