Glasgow · 3-bed
Plot 2 Brocketsbrae Road, Lesmahagow, Lanark
© OpenStreetMap · click to open in maps
Asking price
£295,000
£249/sqft
Verdict
Overpriced by £73,173 vs 3-bed homes nearby
What you could do with it
Estimated gross yields from current rental comps. Numbers are pre-cost — service, voids, mortgage, management still come off these.
Standard BTL
£770/mo
3.1% gross yield
Open-market tenant on a 12-month AST.
LHA / Section 8
Best fit£947/mo
3.9% gross yield
Council-paid tenant. Stable rent, longer tenancies, slight discount to market.
Council lease
£805/mo
3.3% gross yield
3–5 yr guaranteed-rent lease to a housing association. Hands-off.
Who is this for?
Quick read across the buyer personas. ✅ = good fit · ⚠ = workable with caveats · ❌ = look elsewhere.
Family home
3-bed but EPC unknown — factor retrofit cost or budget for it.
Standard BTL
3.1% gross — won't cover costs at current rates.
Buy + rent later
Rent wouldn't cover mortgage — selling to exit may be your only option.
The numbers
England (SDLT) · 75% LTV mortgage at 5.5% over 25 years (capital repayment).
Stamp duty
First-time buyer
£0
Home mover
£2,250
2nd home / BTL
£17,000
Mortgage @ 75% LTV
- Loan
- £221,250
- Deposit
- £73,750
- Per month
- £1,359
Cash you'd need to walk in (deposit + investor SDLT, before legal/survey): £90,750
Should you pay this?
Asking price is roughly £73,173 above what 3-bed homes typically go for here.
You're paying £295,000. Comparable 3-bed homes in this area suggest a market price of around £221,827.
Contains HM Land Registry data © Crown copyright and database right.
What it'd rent for
£770/month3.13% gross yield
Based on 1,422 live rentals in Glasgow · 3-bed homes here average £1,654/mo.
Most landlords need 5%+ gross to break even after costs in this area, so this is tight as a fallback — worth running the numbers carefully.
Property features
- []
Loading nearby sold…
Crime risk
Flood risk
Schools & Ofsted
No schools indexed yet for this postcode sector. The official sources below cover every UK postcode.
Catchments aren't published nationally; many schools use distance-from-school as the deciding factor. The links above give you the official data — only the local authority can confirm a specific year's catchment boundary.
Contains public sector information licensed under the Open Government Licence v3.0.
Area pulse
- 9,631 new listings here in the last month — good comparable supply.
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