2-bedroom flat · ML11 9HX
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charming B listed upper conversion situated within the former William Smellie Maternity Hospital building in the historic market town of Lanark.
This beautiful traditional property offers potential buyers all the period features you would expect from a building of this era such as high ceilings and modern sash and case windows.
The accommodation on offer comprises, entrance vestibule, entrance hallway with under stair storage, spacious lounge, fitted dining kitchen with a good range of base and wall mounted storage, gas hob, electric oven, fridge and freezer, family bathroom and two double bedrooms.
Externally there is a private courtyard to the rear of the property with adjacent private car parking and a communal lawn area to the front. The property further benefits from Gas Central Heating.
This beautifully converted building sits in an elevated position within the town offering excellent views whilst only being a short walk to the town centre.
EPC Rating: C Location From our office continue down High Street and into Bloomgate. Continue past the petrol garage and take the 2nd on the right into Lockhart Drive.
Continue along Lockhart Drive and number 16 is easily identifiable by a remax for sale board.
Living Room (4.95m x 4.24m) Kitchen (3.15m x 2.80m) Bedroom (4.94m x 3.10m) Bedroom (3.60m x 3.47m) Shower Room (2.91m x 1.33m)
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.
We're still gathering serviced-accommodation data for this area.
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 16 Lockhart Drive, Lanark
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