Summary - Quarry Street, Hamilton, Lanarkshire, ML3 ML3 7DR
1 bed 1 bath Flat
Low-cost, let-in-place buy-to-let with parking and rent uplift potential.
One-bedroom flat with modern lounge and kitchen
A compact one-bedroom flat set within a Victorian mixed-use building on Quarry Street, offered as a buy-to-let with a long-term tenant in situ. The flat is well kept, with a modern lounge and kitchen, three-piece bathroom and private off-street parking — an unusually low entry price for Hamilton.
The current gross income is £5,400pa, giving an immediate return at the purchase price, with rental uplift potential to around £7,200pa if re-let to market levels. The property is freehold and comes with a Let Property Pack detailing tenancy and income figures, making it straightforward for investors assessing cashflow.
Important considerations: the area is classified as very deprived, which may affect tenant demand and long‑term capital growth. The sale is cash-only and a Buyers Premium applies to secure purchase. The flat is small (approximately 355 sq ft) and part of a larger Victorian building with commercial premises at street level — a practical, no-frills investment rather than a lifestyle purchase.
Overall, this is a low-cost, income-producing opportunity for investors seeking an immediate let-in-place asset with clear potential to increase rent. Be aware of the sale terms, local area challenges and the property’s compact size when assessing suitability for your portfolio.
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