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See how verdicts work2-bedroom flat · IV30 1LY
Listing removedReduced £10k (−8.3%) on 29 MayListed 276 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of Elgin, this top-floor flat offers modern, low-maintenance living with the added benefit of a private balcony, making it an excellent opportunity for first-time buyers, downsizers, or investors.
The accommodation is neutrally decorated throughout and centres around a bright open-plan living space, seamlessly incorporating a modern fitted kitchen with breakfast bar, ideal for both everyday use and casual entertaining.
Patio doors lead directly to a small balcony, providing a little outdoor space.
There are two bedrooms, including a principal double bedroom with built-in wardrobe and a second single bedroom, suitable for guests, a home office, or additional storage.
The partially tiled bathroom is fitted with a modern suite and includes an over-bath shower.
Further features include gas central heating, double glazing, and a communal secure entrance with intercom system.
Parking permits are available via the local council, adding further convenience for city-centre living.
Situated on Batchen Lane, the property enjoys immediate access to Elgin’s wide range of shops, cafés, restaurants, leisure facilities, and transport links, all within easy walking distance.
A well-presented property in a prime central location—early viewing is recommended.
Certain images within this marketing material have been virtually staged to demonstrate the potential use and presentation of rooms.
These images are for illustrative purposes only and do not represent the property’s current furnishings, fixtures, or condition.
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.
ELG260018/2 Hallway The entrance hallway within the property leads into the lounge/kitchen, bathroom, two bedrooms, a walk-in storage cupboard and a smaller storage cupboard.
Lounge 5.61m x 4.11m A bright open-plan living space seamlessly connecting to the kitchen with French doors leading out onto a private balcony.
Kitchen 5.61m x 4.11m The modern fitted kitchen is a U-shape design providing ample worktop space, cupboard storage and a breakfast bar area.
Integrated appliances are also included - these consist of; an oven, hob, dishwasher, washing machine and dishwasher.
Bathroom 1.66m x 2.94m The partially tiled bathroom contains a three piece white suite including a WC, wash hand basin and bath with shower above.
Bedroom 1 2.85m x 3.5m There's a generously sized main bedroom providing plenty of furnishing space whilst benefitting from a double fitted wardrobe with a fitted cupboard above.
Additionally from this room, views of Ladyhill and Elgin town centre can be appreciated.
Bedroom 2 1.83m x 2.96m The second bedroom is a single room which would be ideally suited for guests, a home office, a child's bedroom or for more storage.
Additional The accommodation is set within a building of four stories with a secure intercom entry system.
Further features include gas central heating, double glazing and neutral décor throughout - easy for a new owner to implement their own style.
Parking permits are available via the local council, adding further convenient to city centre living.
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
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FAQ
About Batchen Lane, Elgin, Moray, IV30
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