Summary - 51, BEECHWOOD CRESCENT, WISHAW ML2 8JF
2 bed 1 bath Flat
Immediate rental income for experienced buy-to-let buyers.
Tenanted at £550pcm, producing £6,600 annual income
Guide/auction price shown lower than Home Report (£65,000)
Freehold cottage flat with private garden
Will be sold via timed online auction
High potential gross yield if bought at guide price
Area classified very deprived; local letting risks
Building shows age; external maintenance likely required
Excellent mobile signal and fast broadband speeds
This tenanted two-bedroom cottage flat in Wishaw offers immediate rental income and turnkey occupancy for investors. Let at £550 pcm, it currently generates £6,600 per year, giving a high gross yield if purchased at the advertised guide. The property is freehold and includes a garden and good digital connectivity (excellent mobile, fast broadband).
The lot will be sold at a timed online auction, so buyers should be prepared to act quickly and allow for auction purchase processes. The home report is listed at £65,000 while the current guide/auction price is shown lower, creating potential upside but also a valuation discrepancy to investigate before bidding. Comparable local sales indicate a range of outcomes in this neighbourhood.
Buyers should note material drawbacks: the wider area is classified as very deprived and locally as a challenged community, which can affect tenant quality, rental growth and resale speed. The building exterior shows age and will need maintenance; the property is being offered with tenants in situ and will therefore require rent-management or tenancy transfer arrangements. Council tax levels are very low, which reduces holding costs but can reflect local service levels.
This property is best suited to experienced buy-to-let purchasers or investors seeking a high-yield, entry-level asset and willing to manage refurbishment and local letting risks. It offers immediate cash flow from day one and potential capital upside if local market conditions improve, but it is not a low-risk, hands-off purchase.
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