Mayfield Road
Hamilton, ML3

Description

This spacious first-floor, two-bedroom flat offers an excellent buy-to-let investment opportunity in a convenient and well-established part of Hamilton. The property is being sold with the tenants in situ, providing immediate rental income from day one. The accommodation extends to approximately 67 sq m and comprises a welcoming entrance hallway, bright living room, fitted kitchen, two well-proportioned bedrooms, and a bathroom with WC. Built circa 1930, the home benefits from uPVC double-glazed windows and heating supplied via a gas-fired combination boiler.

The property is fully compliant, and the tenant has been resident since August 2022, providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £6,300, which represents an immediate yield of 8.7%. The current market value is £650 per month. The property is sold as seen, and the sale price includes all the inventory items. The Home Report value is £75K. There are no block factoring fees.

Hamilton is conveniently located for both the M74 and the M8, making it an excellent base for travel throughout the central belt and to the neighbouring city of Glasgow. Hamilton provides excellent public transport links, and local amenities include schools, shopping, cinema, sports facilities, bars, and restaurants, making it a consistently popular location for tenants.