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Calder Glen Courts, Mull, Airdrie, ML6

Scotland

£37,000

Listed on 06/10/2026

The listing

Property details

Bedrooms
3
Type
Apartment
Area
861 sqft

Description

This spacious three-bedroom top-floor flat is situated in the established residential area of Petersburn, Airdrie, presenting a promising opportunity for investors and developers alike. The property spans approximately 80 sq m and features a welcoming entrance hall, a spacious lounge, a kitchen, three well-proportioned bedrooms, and a bathroom. While the flat benefits from double glazing and electric heating, it is in need of modernisation and improvement to unlock its full potential. The Home Report indicates that upgrading is required for internal finishes, the kitchen, and the bathroom, making this property an attractive blank canvas for those looking to add value. Conveniently located near local amenities, schools, and public transport links, this flat is positioned to appeal to a broad range of occupiers once enhanced. Offered at auction, this property represents a unique investment opportunity.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

72out of 100
Grade BGood opportunity

Confidence: MEDIUM

This spacious three-bedroom flat in Petersburn, Airdrie, represents an exceptional opportunity for investors or those looking to create their ideal home. With an asking price of just £37,000, this property is priced significantly below the local average of £172/sqf, making it a fantastic entry point for buyers seeking value. The overall condition is dated, indicating that a refurbishment is necessary, but this also means there's substantial potential for improvement. The flat features a welcoming entrance hall, a spacious lounge, three well-proportioned bedrooms, and a bathroom, all ripe for modernisation.

The property also includes a garden area that, although overgrown, can be transformed into a lovely outdoor space. The existing kitchen and bathroom require significant upgrades, providing a solid canvas for a creative refurbishment project. With renovation costs estimated between £40,000 and £80,000, the investment could lead to a lucrative rental opportunity or a comfortable family home after renovations. Given the low purchase price compared to the local market, this is a chance to acquire a property that, once improved, could yield substantial returns.

Key opportunities

  • Substantial potential for a complete refurbishment to modernise the living space.
  • Opportunity to enhance the overgrown garden into a desirable outdoor area.
  • Ideal for investors looking to create a rental property in a good location.

Key risks

  • Medium-scale renovation required, which may impact budget and timeline.
  • General wear and signs of maintenance needed throughout the property.

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Map

Location

Calder Glen Courts, Mull, Airdrie, ML6
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£140
Based on a loan of £27,750 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.

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