2 bed bungalow for sale

39 Wellgatehead, Lanark, South Lanarkshire ML11

This property is being sold by livestream auction at 2PM on Thursday 27th August.
You can bid online, by telephone or by proxy. You must register to bid before 12.00 noon on Thursday 27th August.

How to register: Visit , uk/Scotland. Scroll down and click “Register to bid”. This will take you to Passport by eig, which is where we livestream our auctions. To create an account, click “sign up” and fill in all required details. You will receive an email once your registration is approved. If you need help registering to bid, please call the office.
To bid online on auction day: Log back in before 2pm on auction day, navigate to the lot you are interested in and click “bid now”.

Renovation project

Going under the hammer this traditional two/three-bedroom terraced cottage, offering generous and flexible accommodation over two levels and extending to approximately 73m2. Requiring full modernisation throughout, the property presents a genuine opportunity to create a comfortable home or add value as a project, and will appeal to developers, investors and cash purchasers alike.

The property comprises on the ground floor, lounge with staircase to the upper floor, which connects through to both the rear hallway and the adjoining, dual aspect dining room with feature fireplace. Could be used as an additional bedroom or office. The rear hallway leads to the fitted kitchen and shower room, and benefits from two useful storage cupboards and a door to the rear garden. On the upper floor are two comfortable double bedrooms, set within the roof space, each offering further scope for improvement. The property has gas central heating, which is not currently functional.

Externally, the property fronts directly onto Wellgatehead, with a tired garden to the rear reached by stone steps. Formerly laid out with lawn, patio and a garden shed, the garden is now overgrown and will require clearance but offers excellent potential for landscaping once restored.

For the investor, this sits in the South Lanarkshire Broad Rental Market Area, where the current three-bedroom Local Housing Allowance rate is £164.74 per week, equivalent to £713.87 per month, or £8,566.48 per year. Lha gives a useful benchmark for the rental income achievable from a benefit-market tenancy once the property is brought back into good order. A strong local market would suggest a rental figure more than the lha rate for a private let. Early viewing is recommended of this characterful cottage. Council Tax Band B.

Wellgatehead occupies a convenient position on one of Lanark's main thoroughfares, moments from the town centre. A full range of local amenities, schools and shopping is close at hand, while the town's rail and road links offer straightforward access across the central belt. The property lies within a designated Conservation Area.
Purchasers notes

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.

Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.

Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.