Two bedroom second floor flat

Enjoy rental income from day one with this tenanted two bedroom second floor flat in Hamilton. The well-presented accommodation comprises lounge, kitchen, two bedrooms, large boxroom/study and bathroom with over-bath shower. The property further offers gas central heating, double glazing, communal garden area, and off-street parking. The tenant has been in situ for over two years with current rental income of £450 per calendar month, but with rent increasing to £525 per calendar month from 9th August, which represents a rental yield approaching 14% at listed guide price. This property would be an ideal addition to a rental portfolio and is sure to attract strong levels of demand. Early expression of interest is essential to avoid missing out on this one. Council Tax Band: B. EPC Rating: D. Comparable properties: 84 Balmore Drive, Hamilton ML3 8BU – Feb 2025 - £55,000 5 Kintore Park, Hamilton ML3 8DJ – Oct 2024 - £58,500 69 Balmore Drive, Hamilton ML3 8DE – Jun 2024 - £63,000

Tenure

Freehold

Area

Fereneze Crescent is located in the Meikle Earnock area of Hamilton, approximately 2 miles from Hamilton town centre. Hamilton is home to a wide variety of restaurants, bistros and pubs as well as excellent shopping facilities, sports amenities including golf courses, swimming baths, gyms and parks. There are several highly regarded schools as well as the nearby Hamilton College. For those commuting by public transport there are regular bus and train links throughout the surrounding area and into Glasgow.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

South 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.