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New Trows Road, Lesmahagow, Lanark ML11 - Image 1
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New Trows Road, Lesmahagow, Lanark ML11

Scotland

£179,995
Listed on 09/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property represents an intriguing investment opportunity in Lesmahagow, with planning permission already secured for the construction of twelve contemporary two-bedroom flats. The site has been prepped with initial ground works underway, allowing for a quicker start to development. Each proposed flat features well-thought-out layouts, with ten units including en-suite facilities, making them appealing for future tenants or buyers. The development plan also includes allocated residents' parking and private garden spaces, enhancing the overall living experience. Located within a short distance from local amenities and excellent transport links to major motorways, this project is positioned to capitalize on the growth potential of the area as it combines both residential comfort and convenience.

Investment Analysis

(ML11 area)
Area Average
£169/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
71%
Properties sold annually

Local Market Trend (ML11)

Area prices are rising by +7.7% over the last 12 months
3 year growth: +12.1%
5 year growth: +29.3%
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

New Trows Road, Lesmahagow, Lanark ML11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£638
Based on a loan of £134,996 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

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