1-bedroom flat · ML2 8NN
Sold STCListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenanted 1 bedroom buy-to-let investment in Wishaw, offering an attractive current yield of 10.3% and the benefit of a long-standing tenancy.
This spacious ground floor flat extends to approximately 48 sq m and comprises an entrance vestibule, hallway, living room, kitchen, bedroom and bathroom.
The property benefits from uPVC double glazing, a gas-fired Alpha E-Tec 28 combination boiler providing heating and hot water, and rear garden grounds.
The property has a Home Report value of £58,000 and an EPC Rating of Band C. The property is being sold with the tenants in situ as a buy-to-let investment.
The tenants have been resident since December 2020, and the rent will be £500 per calendar month from the 1st October, generating an attractive current rental yield of 10.3% based on the Home Report value.
If the property were to become vacant, the anticipated rental value is approximately £550–£600 per month, providing potential for increased rental income.
The property also benefits from damp-proofing works carried out in 2021, with approximately two years remaining on the associated warranty.
Wishaw offers investors an attractive combination of affordable property prices, strong rental demand and excellent connectivity across the Central Belt.
The town benefits from regular rail services and convenient access to the M8 and M74 motorway networks, providing straightforward links to Glasgow, Edinburgh and surrounding employment centres.
The affordability of the North Lanarkshire market provides particularly strong opportunities for yield-focused investors.
With a low purchase price, an established tenant, 10.3% current yield and potential for rental growth, 51 Cambusnethan Street represents an appealing opportunity for investors seeking strong income returns from an affordable Central Belt property.
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 Cambusnethan Street, Wishaw, ML2
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