Summary - 9, CORONATION STREET, LANARK, CARSTAIRS JUNCTION ML11 8QY
2 bed 1 bath Flat
Turnkey buy-to-let with strong advertised rental yield and refurbishment upside.
Vacant 2-bed flat in Victorian terraced building
Advertised rental £495 pcm; gross yield ~8.48% at £85,000
Sold at auction — buyer to complete due diligence
Part of a multi-property portfolio; professionally managed
Dated interiors and external wear; cosmetic renovation likely needed
Rear damp referenced; external staircase and small rear space
Slow broadband in area; very deprived wider area classification
Freehold tenure; council tax noted as very cheap
A two-bedroom flat in Carstairs presented as a rare auction lot, offered vacant and ready for resale or lease. The property is freehold and sits within a Victorian terraced building; it's part of a multi-property portfolio and currently shown with achievable rental income of £495 pcm (£5,940 pa), representing an advertised gross yield of about 8.48% at the guide price of £85,000. That yield and recent nearby sales indicate strong interest from buy-to-let investors.
Internally rooms are modest and some external areas show wear; photos and descriptions note dated finishes, possible damp at the rear and an external staircase. Broadband speeds are slow locally, and the wider area is classified as very deprived, which may affect long-term capital growth. The property is sold at auction, so buyers should allow time for the auction process and complete their own surveys and legal checks.
The flat is marketed as professionally managed and compliant within a portfolio, offering a turnkey letting solution for an investor wanting minimal immediate management. There is clear scope to increase value with cosmetic refurbishment and targeted repairs, particularly to external fabric and internal finishes, to improve rental prospects and appeal. Commuter links via Carstairs Junction are a positive for tenant demand.
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