Summary - 210, WHIFFLET STREET, COATBRIDGE ML5 4EB
3 bed 1 bath Flat
High-yield, freehold three-bed flat in Coatbridge — auction sale, tenanted and ready.
3 bedrooms, one bathroom, medium-sized rooms, turnkey and currently let
Guide price £55,000; advertised gross yield c.9.72% (based on guide)
Currently rented at £527 PCM; potential area rent c.£900 PCM
Freehold flat in mid-20th-century apartment building
Sold at timed online auction — immediate offers accepted
Area classed as very deprived; consider impact on long-term growth
Fast broadband and excellent mobile signal; small garden included
No flooding risk; standard ceiling heights and concrete exterior
This three-bedroom flat in Coatbridge is presented as a turnkey investment with immediate rental income. Currently let at £527 PCM and offered with a guide price of £55,000, the asking figure equates to a high gross yield (advertised 9.72%), making the lot attractive to yield-focused buyers. The property is freehold and benefits from fast broadband, excellent mobile signal and a small garden — useful features for letting demand.
The building is a mid-20th-century block with standard ceiling heights and medium-sized rooms; the living area features modern finishes and wood flooring. There is one bathroom. The flat will be sold at auction and is open to immediate offers, so buyers should be prepared to move quickly and allow time for auction procedures and any required legal checks.
Location strengths include regular public transport links, nearby schools, local shops, cafes and leisure amenities — features that support ongoing tenant demand. Comparable local recent sales suggest market interest in the area, but note this neighbourhood is classified as very deprived, which can affect long-term capital growth prospects and lettings profile.
Buyers should weigh the high income yield against the area’s deprivation rating and the auction sale route. The property is presented as turnkey and easily lettable, but purchasers should confirm tenancy terms, condition details and any communal or management obligations prior to bidding.
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