Two bedroom maisonette

New to auction is this spacious two bedroom maisonette flat, conveniently located approximately 1.5 miles north of Motherwell town centre. Over the first and second floors, the accommodation comprises lounge and kitchen on the entry level, with the upper floor offering two bedrooms (one with built in storage) and family bathroom. Additional features include double glazing, electric heating and off-street parking area. Some degree of refurbishment is required which is reflected in the competitive guide price offering an attractive 17% discount against the £30,000 Home Report valuation, and also presents a great opportunity to add value. Rental investors will be attracted to post works rental income of £6582/pa (LHA published figures), with the strong rental market suggesting that even greater levels could be achieved. The property is noted as No-Fines concrete construction which may limit lending options for purchase and/or refinance. Strong levels of demand are anticipated, so early viewing is essential. Council Tax Band: B Comparables 46 Jerviston Court, Sold For £33,000, 11/24 26 Jerviston Court, Sold For £39,000, 09/24 35 Jerviston Court, Sold For £32,500, 05/24

Tenure

Freehold

Area

Jerviston Court enjoys convenient location approximately 1.5 miles north of Motherwell town centre and has a range of retail and leisure options within easy reach. There is schooling at both primary and secondary levels within the area. There are three train stations - Motherwell, Airbles and Sheildmuir - with the commute to Glasgow around 12 minutes and approximately 45 minutes to Edinburgh. Motherwell also has great access to the M74 and M8 motorway networks making it a great town to commute from to Glasgow, Edinburgh and other major destinations.

Local Authority

North Lanarkshire Council

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.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.