Portolio says ..
Tenanted buy-to-let investment in Airdrie with a current yield of 9.2%.
Property Oracle says ..
This three-bedroom property situated on Reid Street in Airdrie, North Lanarkshire offers a blend of advantages and disadvantages. The property benefits from a relatively convenient location, given its proximity to the Airdrie ScotRail station (approximately 1.95km). This increases the property’s accessibility to commuters and those relying on public transport. However, the lack of information regarding nearby schools and other amenities makes a complete evaluation challenging. The information provided about nearby streets gives some context, with average prices in a similar range on surrounding streets.
In terms of condition, the property appears to be generally habitable, but several images suggest it could benefit from some minor modernisation and refurbishment. The kitchen, in particular, displays some wear and tear that would improve the overall presentation of the property. While the structure is clearly in habitable condition, the property is not in ‘excellent condition’.
The inclusion of a small garden area with a wooden deck is a welcome feature that provides some outdoor space, despite it not being particularly extensive. Therefore, the overall land component score will be moderate.
Considering the list price of £74,995, the property appears reasonably priced compared to other flats on Reid Street and nearby streets. The lack of precise square footage data for comparable properties and lack of information about potential rental yields (as this property appears tenanted), makes it more challenging to provide a definitive analysis on whether the price is exceptionally good or just ‘reasonable’. The absence of price per square foot data from nearby comparable properties makes it difficult to provide a full comparative price analysis. This limits the overall price rating. In summary, this is a reasonably priced property in need of some minor renovation to bring it up to modern standards. The location is convenient in terms of public transport access.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 6
- Land
- 4
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft (est)
- 850.35
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 270,748.00 £Increased by 61.17 %
- Est sale value
- 175,172.10 £Increased by 21.18 %
- Average area rental value
- 939.00 £/moIncreased by 29.70 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 4.16 %Decreased by 19.54 %
- Crime Rate
- 0.00 %
Agent Activity
Portolio marked this listing as sold.
Portolio created the listing.
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Reid Street | £ 77,495 | 0 | 0.00 KM |
| Wood Street | £ 0 | 0 | 0.00 KM |
| Wheatholm Street | £ 74,000 | 0 | 0.00 KM |
| Hamilton Drive | £ 79,998 | 0 | 0.00 KM |
| Kelvin Drive | £ 80,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Airdrie | 9759 | ADR | 1.95 KM |
| Drumgelloch | 9757 | DRU | 2.28 KM |
| Coatdyke | 9762 | COA | 4.18 KM |
| Whifflet | 9753 | WFF | 5.99 KM |
| Coatbridge Sunnyside | 9752 | CBS | 6.67 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 35 Black Street, Airdrie ML6 6LU | £ 88,000 | BUY | 7 / 10 | 0.21 KM |
| Waverley Drive, Airdrie, Lanarkshire, ML6 | £ 59,995 | BUY | 5 / 10 | 0.29 KM |
| Black Street, Airdrie, ML6 | £ 64,000 | BUY | Unknown | 0.29 KM |
| Kelvin Drive, Airdrie, ML6 | £ 64,995 | BUY | 6 / 10 | 0.38 KM |
| Motherwell Street, Airdrie, North Lanarkshire, ML6 | £ 220,000 | BUY | 7 / 10 | 0.43 KM |