3-bedroom bungalow · ML11 7QN
For saleListed 1 day
Opportunity summary
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About
Set within one of Lanark’s most desirable streets, 17 Waterloo Road is a charming, detached, three bedroom bungalow with spacious gardens and a garage to the rear.
The property is entered from the front through an entrance vestibule into a spacious and welcoming entrance hallway which leads to the homes principal accommodation.
To the left is a generously proportioned lounge with a large window to the front which provides the room with excellent natural light.
A living flame gas fire provides an attractive focal point to the room. To the right is the master bedroom which benefits from ample built-in storage and an en-suite toilet.
At the rear of the house is the kitchen which is again well-proportioned with a good selection of base and wall mounted storage, integrated electric oven, gas hob, fridge and freezer with space for slot-in laundry appliances.
This room also gives access to the side garden. The bathroom is modern in style with a suite comprising, W.C, wash hand basin and double walk-in shower cubicle.
The accommodation is completed by an additional two bedrooms, one of which is currently utilised as a dining room.
Externally the property occupies a spacious plot which has been landscaped in recent years to make it as low-maintenance as possible.
There is a garage to the rear which offers great garden storage but alterations to the side ramp would be needed to make it accessible to vehicles once again.
The ramp was specially constructed to allow for wheelchair access to the property so this may be a great benefit for those who need this type of access.
EPC Rating: D Location From our office at 2 High Street, Lanark, proceed down the High Street and turn right into Hope Street.
Continue onto Cleghorn Road, passed the fire station and turn left onto Bellefield Road and next left onto Waterloo Drive.
The property can be found on the right hand side clearly identifiable by a remax for sale board.
Living Room (5.05m x 3.95m) Kitchen (3.85m x 3.08m) Bedroom (3.69m x 3.66m) Bedroom (4.74m x 3.85m) En-Suite WC (1.71m x 1.03m) Bedroom (3.01m x 2.58m) Bathroom (3.20m x 1.66m)
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
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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
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FAQ
About 17 Waterloo Drive, Lanark
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