1 bed flat for sale

297A Bank Street, Coatbridge ML5

• Prime Property Auctions is excited to bring to market this Amazing 1-bedroom flat with a study located within a prime location in Coatbridge. ***Home Report £55,000***

• ***216, Bank Street, Coatbridge, Lanarkshire ML5 1EG, Previously sold for £75,000.197a, Bank Street, Coatbridge, Lan ML5 1HQ Previously sold for £65,000. 4, Drumpellier Crescent, Coatbridge, Lan ML5 1ED Previously sold for £94,000.***

• Based on similar properties nearby, if utilised as a serviced accommodation, based on stair Airbnb, it could achieve £75-£85 per night. This would produce £19,162 - £21,717 based on a 70% occupancy, subject to gaining the necessary licencing and information.

• The property could achieve £500-£550 pcm (£6,000-£6,600 P/A) this would achieve an amazing rental yield of 13%-15% if bought for the Guide price.

• The property is walk-in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. The property has outstanding local amenities and exceptional transport links.

Prime Property Auctions is excited to bring to market this Amazing 1-bedroom flat with a study located within a prime location in Coatbridge. ***Home Report £55,000***

The accommodation comprises of: Entrance hall, living room, kitchen, one bedroom, study and bathroom.

The property is walk in condition, featuring a contemporary design with significant potential for personal customisation and finishing touches. The property has outstanding local amenities and exceptional transport links.

Based on similar properties nearby, if utilised as a serviced accommodation, based on stair Airbnb, it could achieve £75-£85 per night. This would produce £19,162 - £21,717 based on a 70% occupancy, subject to gaining the necessary licencing and information.

The property could achieve £500-£550 pcm (£6,000-£6,600 P/A) this would achieve an amazing rental yield of 13%-15% if bought for the Guide price.

An excellent opportunity for a loving family to secure a move-in ready property with a fantastic homely feel in a safe and sought-after area. Recent strong sales in the local market demonstrate the high demand for homes in this desirable location.

***216, Bank Street, Coatbridge, Lanarkshire ML5 1EG, Previously sold for £75,000.197a, Bank Street, Coatbridge, Lan ML5 1HQ Previously sold for £65,000. 4, Drumpellier Crescent, Coatbridge, Lan ML5 1ED Previously sold for £94,000.***

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Coatbridge, located in North Lanarkshire, is a well-connected town just east of Glasgow, known for its industrial heritage and strong commuter links. Key attractions include the Summerlee Museum of Scottish Industrial Life, which celebrates the area's engineering past, and Drumpellier Country Park, offering scenic walking trails, lochs, and woodlands. The town provides a range of amenities including retail parks, supermarkets, leisure centres, and schools, catering well to families and professionals alike.

Coatbridge is ideally positioned for commuting into Glasgow, with frequent rail services from Coatbridge Sunnyside and Coatdyke stations taking around 15-20 minutes to Glasgow Queen Street. Road connectivity is excellent, with the M8 motorway nearby offering direct access to Glasgow (to the west) and Edinburgh (to the east). Additionally, the A725 and A8 provide easy local routes and link directly to the M74, which runs south towards Hamilton and beyond. This strategic location makes Coatbridge a convenient and attractive option for those working in or visiting Glasgow.

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