We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · IV30 4BP
Listing removedListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Newmill Road in a well-established residential area of Elgin, this well-presented ground floor flat offers spacious, modern accommodation with the added benefit of private gardens to the front and rear.
The property comprises two well-proportioned double bedrooms, both fitted with built-in wardrobes, providing excellent storage without compromising on floor space.
The spacious lounge is bright and inviting, offering ample room for a range of furniture layouts and creating a comfortable setting for everyday living or entertaining guests.
The kitchen is practical and modern in design, fitted with an integrated oven and hob, and provides good workspace and storage.
Completing the interior is a contemporary shower room, featuring a double shower enclosure.
Externally, the property benefits from a front garden laid with contemporary-style slabs, making it attractive and low maintenance, while the rear garden offers additional outdoor space suitable for relaxing, gardening, or drying clothes.
Ideally positioned for access to local amenities, schools, public transport links, and Elgin town centre, this property represents an excellent opportunity for first-time buyers, downsizers, or buy-to-let investors alike.
Viewing is highly recommended to appreciate the space and location on offer.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
ELG260009/2 Hallway The entrance to this property is located to the front of the building. Upon entry is a welcoming hallway with access to the lounge, kitchen, a bedroom and shower room.
Lounge 3.64m x 4.31m The spacious lounge is bright and inviting, offering ample room for a range of furniture layouts and creating a comfortable setting for everyday living.
Kitchen 2.36m x 2.66m The kitchen is practical and modern in design fitted with an integrated oven and hob, and providing good workspace and storage.
Shower Room 1.69m x 1.47m Completing the interior is a contemporary shower room featuring a WC, wash hand basin and double shower enclosure.
Bedroom 1 2.99m x 3.16m The main bedroom is a generous sized room benefitting from a wall length fitted wardrobe and a second fitted wardrobe – providing ample storage space.
Bedroom 2 2.98m x 2.9m There’s a second double bedroom, accessed from the lounge, which also benefits a fitted wardrobe.
External At the front of this property is a paved garden space enclosed by a wall and hedge boundary with direct access the shared pathway to the side of the building.
To the rear, there is a good size garden space with a wooden fence boundary and a shed. Additional Further benefits to this home are double glazing and gas central heating.
On-street parking is available nearby.
Ideally positioned for access to local amenities, schools, public transport links, and Elgin town centre, this property represents an excellent opportunity for first-time buyers, downsizers, or buy-to-let investors alike.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About Newmill Road, Elgin, Moray, IV30
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