2-bedroom flat · IV30 1JD
Sold STCReduced £5k (−2.9%) on 14 JulListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accessed via a shared entrance and well‐maintained stairwell, the apartment opens into a welcoming hallway leading to all main rooms.
The heart of the home is the bright open‐plan lounge and kitchen, flooded with natural light from full‐height glazed doors with Juliet balcony, creating a pleasant outlook and an excellent space for both relaxing and entertaining.
The contemporary fitted kitchen is finished with ample wall and base units, wood‐effect worktops, and includes integrated appliances, providing a practical and stylish cooking area with defined flooring.
There are two generous double bedrooms. The principal bedroom benefits from fitted double wardrobes, a separate dressing room, and a modern en‐suite shower room.
The second double bedroom also features a fitted double wardrobe, making it ideal for guests, family, or home working.
A well‐appointed family bathroom with bath and shower completes the internal accommodation. Externally, the property enjoys designated residents’ parking, along with additional visitor parking.
The development itself is attractively maintained and well positioned for access to local amenities, public transport links, and Elgin town centre Shared Entrance The property is a purpose-built flat situated on the 2nd floor of a four storey block containing 14 flats Apartment Hallway (4.51 x 1.23) A welcoming hallway providing access to all accommodation, with a clean, neutral finish and practical storage potential Lounge And Kitchen (4.52 x 4.56 & 1.90 x 3.54) A bright and spacious open‐plan living area featuring full‐height glazed doors with Juliet balcony, offering excellent natural light and an ideal space for relaxing or entertaining.
The modern fitted kitchen includes ample wall and base units, wood‐effect worktops, and integrated appliances, with defined flooring separating kitchen and living areas Bedroom 1 (3.41 x 3.42) Generous double bedroom benefiting from fitted double wardrobes, a separate dressing room, and a modern en‐suite shower room, creating a comfortable and well‐designed principal suite Dressing Room (1.99 x 2.02) A useful separate dressing area with hanging and storage space, enhancing the functionality of the principal bedroom En Suite Shower Room (1.82 x 1.73) A contemporary en‐suite fitted with a shower enclosure, WC, and wash hand basin, finished in modern tiling Bedroom 2 (2.99 x 3.40) A well‐proportioned double bedroom with fitted double wardrobe, suitable for guests, home working, or additional family use Bathroom (1.92 x 2.29) A stylish family bathroom comprising a bath with shower over, WC, and wash hand basin, finished with modern sanitary ware and tiling Outside Designated parking space plus share of visitor parking.
Also access to recycling bins
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.
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 Flat 6, 115 South Street, Elgin IV30 1JD
Explore nearby