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69 Chapel Street, Cleland, Motherwell, ML1 5QZ

Scotland

£59,000

Listed on 12/06/2026

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat presents an excellent opportunity for renovation and investment in the attractive village of Cleland, North Lanarkshire. The property features an entrance hallway, a living room, a kitchen, two spacious double bedrooms, a bathroom, attic space, and a large garden at the rear. Ample storage is available throughout, adding to its functionality. Located just a short distance from Motherwell Train Station and with easy access to the M74 motorway, this flat benefits from strong transport links. Once refurbished, it has the potential to achieve monthly rental yields of approximately £750-£800 (around £9,000-£9,600 annually), making it appealing for both buy-to-let investors and those considering Airbnb options. The area boasts affordable housing and is well-regarded for its community atmosphere and connections to Glasgow and Edinburgh. This property represents a prime chance for developers or homeowners looking to implement their own design preferences while capitalizing on Cleland's growing appeal as a commuter location.

Investment Analysis

(ML1 area)
Area Average
£185/sq ft
Avg Rent (weekly)
£192
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
168%
Properties sold annually

Local Market Trend (ML1)

Area prices are rising by +10.9% over the last 12 months
3 year growth: +19.6%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on ML1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

69 Chapel Street, Cleland, Motherwell, ML1 5QZ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£223
Based on a loan of £44,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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