Auction sale: renovation project with strong rental potential and over 12% gross yield at guide price.
- Spacious three-bedroom apartment in central Wishaw
A large three-bedroom apartment in central Wishaw offered at auction — a clear buy-to-let prospect for hands-on investors. The flat sits in a traditional sandstone tenement and comprises a sitting room, kitchen, bathroom and three generous bedrooms. EPC rating C and no flood risk help tenant appeal.
The property requires renovation and communal stair access shows wear; it is best suited to investors prepared to carry out works. At the guide price of £70,000 the property is advertised with an estimated rent of £750pcm, implying a gross yield above 12% before costs — strong headline numbers for the area.
Location supports rental demand: local supermarkets, schools, public transport links and nearby Motherwell and Hamilton increase tenant catchment. Excellent mobile signal and fast broadband add to lettability for modern renters.
Material points: tenure is not specified, the apartment needs TLC throughout and the communal areas require modernization. Buyers should allow budget for internal refurbishment, confirm legal title at auction and factor in voids, management and compliance costs when assessing net yield.