3 Bedroom  House LOT 155

29 Bankhead Place, Airdrie, ML6 8JW
GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

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  • TypeHouse
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 3
  • Council Tax Search SAA

Description

Full Address: 29 Bankhead Place, Airdrie, ML6 8JW

TENANTED 3 BEDROOM end terraced villa in popular residential area of Airdrie. IMMEDIATE RENTAL INCOME of 6,000 PER ANNUM.

Comprises; Entrance Hallway, Living Room, Kitchen Three bedrooms and Bathroom. Large detached DOUBLE garage. The property benefits from Double Glazing, Gas Central Heating, Front and rear gardens.

Currently LET at 500 per month (6,000 per annum) low rental amount for this area, similar properties let for 750PCM (9,000 P/A). Ideal for landlord looking to build/increase size of portfolio.

Local Sales Evidence; 14, Drumgelloch Street, Airdrie, Lanarkshire ML6 7EW SOLD for 180,000 in July 2021*** 1a, Castle Road, Airdrie, Lanarkshire ML6 7AG (3 bed) SOLD for 187,500 in April 2021***

READY LET INVESTMENT PROPERTY close to Drumgelloch Train Station. Airdrie has a good selection of shops and schools and the property driving distance from the M8 motorway.

TENANTED 3 BEDROOM end terraced villa in popular residential area of Airdrie. IMMEDIATE RENTAL INCOME of 6,000 PER ANNUM. Comprises; Entrance Hallway, Living Room, Kitchen Three bedrooms and Bathroom. Large detached DOUBLE garage. The property benefits from Double Glazing, Gas Central Heating, Front and rear gardens with driveway. EPC BAND D. Properties around ML6 8JW had an overall average price of 134,012 over the last year. Overall, sold prices around ML6 8JW over the last year were 6% up on the previous year and 21% up on the 2015 peak of 111,174. Local Sales Evidence; 14, Drumgelloch Street, Airdrie, Lanarkshire ML6 7EW SOLD for 180,000 in July 2021*** 1a, Castle Road, Airdrie, Lanarkshire ML6 7AG (3 bed) SOLD for 187,500 in April 2021*** READY LET INVESTMENT PROPERTY sure to appeal to buy to let landlords. Located a short drive from Airdrie town centre which has a wide range of services and amenities. Currently LET at 500 per month (6,000 per annum) low rental amount for this area, similar properties let for 750PCM (9,000 P/A). Ideal for landlord looking to build/increase size of portfolio. EXCELLENT RENTAL LOCATION within Airdrie close to Drumgelloch Train Station. Airdrie has a good selection of shops and schools and the property driving distance from the M8 motorway for commuting to either Glasgow (30 minutes) or Edinburgh (55 minutes). North Lanarkshire including Cumbernauld, Coatbridge and Stepps are also convenient. The A80 can be easily reached and connects to Stirling and Glasgow.

Airdrie has a good selection of shops and schools and the property driving distance from the M8 motorway for commuting to either Glasgow (30 minutes) or Edinburgh (55 minutes). North Lanarkshire including Cumbernauld, Coatbridge and Stepps are also convenient. The A80 can be easily reached and connects to Stirling and Glasgow.

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Tenancy Details

Type of Agreement:
Length:
Rent: 6,000 per year / 500 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Guide Price: £107,500


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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