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166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA
£359,995 Offers over
Bedrooms
SOLD BY MOVE ON
Move On are delighted to present to the market this charming and unique detached villa - Lanark Road.
This individually built home is located in a highly desirable, peaceful and idyllic setting on the banks of the river Clyde. The accommodation features : A spacious, front facing lounge with feature fireplace and open plan dining area; kitchen; 4 piece bathroom; 2 good sized double bedrooms on the first floor, and a 3rd bedroom on the ground floor which could alternatively be used as a 2nd lounge. This is a great opportunity to put your own stamp on a property with huge potential to be your dream family home.
Externally, the property sits on a sizeable plot, circa. 0.49 acres, and also includes riparian rights to the adjacent River Clyde including fishing therein; with mature gardens all round; a large lawn area to the side which could lend itself to further development subject to any planning consents; and no doubt the most amazing feature of this property is the stunning location and backdrop with tranquil, panoramic views across the River Clyde. There is a dual entry, multi car driveway which leads to a single garage with workshop; and a vehicle repair pit to the rear.
Lanark Road is located close to the Garrion Bridge in the Clyde Valley, close to nearby towns Wishaw, Larkhall, Hamilton, Motherwell and Lanark; and offers the perfect blend of semi-rural living with countryside views, yet close to local amenities and transport links. The M74 is just a few minutes drive.
Mortgage advice available - call us to speak to one of our experienced advisers.
Do you have a property to sell? The team at Move On can get you on the market for sale
Lounge 4.14m (13'7') x 4.98m (16'4')
Dining Room 4.62m (15'2') x 2.64m (8'8')
Kitchen 4.88m (16'0') x 2.90m (9'6')
Bathroom 3.10m (10'2') x 1.78m (5'10')
Bedroom 1 5.00m (16' 5') x 4.10m (13' 5')
Bedroom 2 5.00m (16' 5') x 3.50m (11' 6')
Bedroom 3 3.35m (11'0') x 3.12m (10'3')
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA
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