For sale by auction on Thursday, 09 May 2024 at 14:00

Venue: Radisson Red, 25 Tunnel Street ? G3 8HL

New to auction is this one bed ground floor cottage flat in the popular Forgewood area, approximately two miles north west of Motherwell town centre. In need of a programme of refurbishment works, the accommodation comprises spacious lounge, one bedroom, kitchen and shower room. Further benefits include garden area and driveway. The Guide Price offers an outstanding 43% discount against the Home Report value of ?40,000, with additional value available through upgrade works. Rental investors will be attracted to potential post works rental income of ?5266 pa (LHA figures), and this could also be an ideal starter flat. Early viewing is essential to appreciate the outstanding value on offer. Council Tax Band: A.



Comparables

107 Bellshill Road, Sold For ?53,000, 01/24

10 Ghillies Lane, Sold For ?50,289, 10/23

6 Ghillies Lane, Sold For ?60,000, 02/23

Area
Forgewood is an established residential area located to the northwest of Motherwell town centre. The area offers a number of local amenities with a greater range available in the nearby Motherwell town centre. Transport links include the nearby West Coast Main Line, with Motherwell railway station situated approximately one mile southeast of Forgewood. The A721 road passes by the area, providing bus services to Glasgow and connections to Bellshill and Wishaw.

EPC Rating: D

Viewings
07 May 2024 14:00-14:30

Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of ?3600 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.