Tenanted property
13 Maxwell Place, Coatbridge, Lanarkshire ML5 1BZ
£47,000
21 August 2025
GUIDE PRICE
AUCTION DATE
- Flat
- 2 Bedroom(s)
Enjoy rental income from day one with this tenanted two bedroom second floor flat in Coatbridge, North Lanarkshire. The tenant has been in situ for more than five years with an excellent rent payment profile. The accommodation comprises lounge, spacious kitchen, two bedrooms, box room and bathroom. Also offers an excellent opportunity to add value through upgrade works. The current rental of £425 per calendar month offers immediate rental yield of 10.8% at guide price, with a rental increase to £548 per calendar month effective from 26th July 2025 equating to an impressive 14%. This property would make an ideal addition to a rental portfolio, but could equally be a great start to a buy to let journey. This is one not to be missed. Council Tax Band: A. Comparable 40, Oxford Street: Sold for - £57,812 02/25 Freehold Maxwell Place enjoys convenient location approximately 1.5 miles from Coatbridge town centre. Coatbridge offers a range of retail and leisure facilities, as well as a number of schools. Local sports facilities include golf courses, swimming pools and gyms, and Drumpellier Country Park is just a short distance away. The easily accessible motorway network provides excellent links across the central belt and further afield, and public transport requirements are well served by regular bus and train services from Coatbridge or Blairhill. Current Rating C North Lanarkshire Council We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
13 Maxwell Pl, ML5 1BZ
Withdrawn
Guide Price
£47,000
Auction Date
21 Aug 2025
Time
14:00
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.