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39 Wellgatehead, Lanark ML11 9AA

Scotland

£65,000

Listed on 22/06/2026

Property Details

Bedrooms
3
Type
Cottage
Area
786 sqft

Description

This three-bedroom terraced cottage is positioned over two levels and presents a valuable opportunity for those looking to take on a renovation project. The property requires extensive modernisation throughout, allowing prospective buyers to tailor the space to their personal style and preferences. With an EPC rating of D, there is plenty of scope for improvement across all rooms. Accessed through a wooden front door, the entrance leads into a hallway that connects to the living room and a versatile dining room, which could also function as a third bedroom. The living room features a front-facing window that brings in natural light and has a staircase leading up to the bedrooms. The dining room/third bedroom is spacious with dual aspects, benefiting from doors that open both into the hallway and living room. A charming feature fireplace adds character but will require updating. At the rear of the house, you will find the kitchen overlooking the garden, fitted with dated cabinets that provide an excellent blank canvas for renovation. This space offers ample opportunity for configuration and modernisation. The property's gas central heating system is currently inoperative, necessitating replacement or repair as part of any refurbishment plans. The shower room contains basic facilities but would benefit from an upgrade alongside other areas within the home. Upstairs are two double bedrooms located in the loft space; both provide good-sized accommodation but will need work to maximise their potential. Externally, the rear garden is terraced but has become overgrown and neglected over time. Although it requires significant clearance and landscaping efforts, it has considerable potential for transformation into an appealing outdoor space. This property represents an exciting investment opportunity for anyone willing to undertake a comprehensive refurbishment project.

Investment Analysis

(ML11 area)

Below Market Value

This property is priced -49.8% below area average per sq ft

-49.8%
Potential saving
This Property
£83/sq ft
Area Average
£165/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£142,400
10% above area average per sq ft
Potential ROI
+35.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (ML11)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +6.0%
5 year growth: +25.6%
Investment Disclaimer: Analysis based on ML11 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

39 Wellgatehead, Lanark ML11 9AA
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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
£246
Based on a loan of £48,750 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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