Move On

166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA

4 bedroom detached for sale

£265,000 Offers over

4

Bedrooms

Floorplan

Move On are delighted to present to the market this lovely 4/5 bedroom detached villa in Hamilton - Ambleside Rise.

This fantastic home is in excellent condition throughout. The ground floor accommodation features: A front facing lounge with walnut oak wood flooring and feature wall decor; an impressive, full width kitchen and open plan dining area, with quartz grey wall and floor units, contrasting worktops, integrated double oven and microwave, tiled flooring, breakfast bar area, and space for dining; separate utility/laundry room; convenient downstairs WC; a conservatory looking out to the rear garden; and a garage conversion which could be used as a 5th bedroom 2nd lounge, home office, games room or study. On the first floor there are 4 bedrooms - 3 doubles - all of which have fitted wardrobes - and a single; master ensuite shower room; and a partially tiled bathroom suite. There is gas central heating and double glazing.

Externally, there is a low maintenance front garden laid with decorative chipped stones and a 2 car monoblock driveway; and to the rear is an impressive, south facing mature garden, which has a composite deck patio accessed from the conservatory, further paved patio, lawn area, shrubbery and lots of privacy with a lovely open outlook across wood and farmland.

Ambleside Rise is located in a desirable cul-de-sac within a modern development just outside Hamilton town centre, close to retail and shopping facilities, shops, restaurants, bars, supermarkets and leisure facilities. Nearby train stations include Hamilton Central and West which have frequent services to Glasgow City Centre. For those commuting by car there is easy access to the M74 motorway.

Mortgage advice available - call to speak to one of our advisers.

Do you have a property to sell? the team at Move On can get you on the market for sale quickly

Lounge 4.30m (14' 1') x 3.80m (12' 6')
Kitchen / Dining 6.50m (21' 4') x 3.90m (12' 10')
Bed 5/2nd Lounge 4.20m (13' 9') x 2.70m (8' 10')
Conservatory 4.90m (16' 1') x 3.20m (10' 6')
Bedroom 1 3.50m (11' 6') x 3.40m (11' 2')
Bedroom 2 3.60m (11' 10') x 2.90m (9' 6')
Bedroom 3 3.40m (11' 2') x 2.30m (7' 7')
Bedroom 4 2.90m (9' 6') x 2.70m (8' 10')

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 221325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 22575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message