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166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA
£67,500 Offers over
Bedrooms
Move On are delighted to present to the market this 1 bedroom, 1st floor flat in Newarthill - High Street.
This lovely flat has good room sizes and is in excellent condition throughout. The accommodation features: A bright lounge with fresh, neutral decor and laminate flooring; spacious kitchen with oak coloured wall and floor units and breakfast bar area; large double bedroom; and a modern bathroom suite with white sanitary-ware, shower over the bath and a chrome towel rail. There is gas central heating and double glazing.
Externally there is a garden to the rear, which is mostly paved and has a clothes drying area.
High Street is located in the quiet village of Newarthill, just outside Motherwell. Newarthill has a range of local amenities including local shops, hairdressers, take-aways doctors, dentist. optician, public houses and mini supermarkets as well as a number of Primary Schools and Secondary Schools. Both Carfin and Cleland train stations are within easy reach, connecting Glasgow and Edinburgh. Nearby larger towns include Bellshill, Wishaw and Motherwell which have a larger selection of retail and leisure facilities including the Brandon Shopping Centre, Ravenscraig Sports complex, Aquatec and Strathclyde Country Park. For those commuting by car, both the M8 and M74 are within a few minutes drive.
Do you have a property to sell? the team at Move On can get you on the market quickly.
Mortgage advice available - call to speak to one of our advisers
Lounge 4.51m (14' 10') x 3.70m (12' 2')
Kitchen 3.70m (12' 2') x 3.20m (10' 6')
Bedroom 1 4.50m (14' 9') x 3.80m (12' 6')
Bathroom 3.80m (12' 6') x 2.00m (6' 7')
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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