Summary - 24, GREENFIELD QUADRANT, MOTHERWELL ML1 5TF
1 bed 1 bath Flat
Immediate rental income in a commuter-friendly Motherwell location.
Sitting tenant in place at £500 pcm (sold with tenancy)
Guide price £30,000; recent nearby sales higher, showing demand
Requires renovation and updating throughout
Freehold flat with private garden and off-street parking
Double glazing and gas central heating installed
Very deprived area — factor local market and demand risks
Sold at auction; sale subject to auction terms and timelines
Fast broadband and excellent mobile signal
A large one-bedroom flat offered for sale with a sitting tenant — an immediate income opportunity for investors. The property is being sold at auction with a guide price of £30,000 and recent local sales nearby show active demand (examples: £77,000 Jul 2023; £74,995 Jan 2021).
The flat includes double glazing, gas central heating, private garden and off-street parking. Broadband and mobile signal are reported as fast and excellent. It requires renovation and updating, making it suitable for a buyer ready to refurbish and increase capital value or rental income.
This is marketed as a cash-flowing buy-to-let: the current tenant is recorded as paying £500 pcm, which at the guide price would give a high gross yield. Note the wider area is described as very deprived and the property will be sold subject to the auction process and the existing tenancy — purchasers must accept the sitting tenant.
Buyers should allow for renovation costs and factor in the auction-sale timeframe. The property’s location on a quiet street near local amenities, schools and good road links to the M8/M74 supports lettability and longer-term capital growth if upgraded.
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