2-bedroom bungalow · IV2 3BA
Under offerListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A wonderful opportunity to acquire a two bedroomed, mid-terraced bungalow ideally situated in a central Inverness location.
Property Positioned on the East side of Inverness, within easy walking distance of number of excellent amenities, 23 Argyle Street is a two bedroomed mid-terraced bungalow with rear garden and is fitted with single glazed windows and gas central heating.
The property requires a degree of modernisation throughout, but offers a fantastic development opportunity for those looking to create a charming home, or for investors looking for a property with excellent Airbnb potential given it’s close proximately to the city centre, and local attractions.
Internally, the entrance vestibule leads the way to the front facing lounge, which has a fireplace and alcove shelving, and the fitted kitchen.
This rooms overlooks the rear garden and comprises mounted cabinets, worktops and splashbacks.
There is an integrated gas hob with extractor fan above, an electric oven, along with a free standing washing machine and fridge-freezer that are included in the sale.
Further along the hall is the fully tiled shower room. This hosts a three piece suite comprising a WC, wash hand basin and cubicle with electric shower.
Both bedrooms have windows to the side elevation and complete the accommodation.
The garden is accessed from the inner hall and incorporates two patio areas, which would ultimately make a lovely seating area to enjoy the sunshine and outdoor entertaining.
Sited here is a garden shed, and the grounds are enclosed by timber fencing. On-street parking is to the front elevation and is by permit only.
Only by viewing can one recognize the potential this property has to offer.
Crown, a conservation area, is one of the most desirable residential areas of the city and has a wide range of amenities including a doctor and dental surgery, chemist, grocery store, delicatessen, bakers, newsagent/post office, hairdressers, cafes, and hotels, and are all within walking distance.
Excellent schooling is available at nearby Crown Primary School and nearby Millburn Academy, with the city centre also a short walk away and provides an extensive choice of shopping and leisure facilities.
Entrance Vestibule (approx 1.65m x 1.55m (approx 5'4" x 5'1")) Entrance Hall Lounge (approx 3.62m x 3.41m (approx 11'10" x 11'2")) Kitchen (approx 2.87m x 3.38m (approx 9'4" x 11'1")) Inner Hall Shower Room (approx 2.41m x 2.00m (approx 7'10" x 6'6")) Rear Hall Bedroom Two (approx 3.41m x 2.26m (approx 11'2" x 7'4")) Bedroom One (approx 3.07m x 3.08m (approx 10'0" x 10'1")) Services Mains water, gas, electricity and drainage.
Extras All carpets, fitted floor coverings, curtains and blinds. Heating Gas central heating. Council Tax Band B Viewing Strictly by appointment via Munro & Noble Property Shop - Telephone .
Entry By mutual agreement. Home Report Home Report Valuation - £165,000 A full Home Report is available via Munro & Noble website.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 23, Argyle Street, Inverness
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