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See how verdicts work2-bedroom flat · IV2 3AJ
Listing removedListed 111 days
Opportunity summary
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About
An excellent opportunity to purchase a spacious two bedroomed, ground floor flat situated in the desirable Crown area of Inverness.
Property Conveniently located to close a number of excellent amenities, 2 Reay Street is an attractive two bedroomed ground floor flat which benefits from its own independent access, a well placed sunroom, and off-street parking.
The property would make a ideal purchase for first time buyers, young professionals, or those looking for a property with excellent rental opportunity, and early viewing is encouraged.
Internally, a nicely proportioned entrance hall lends privacy before entering the front facing lounge which is light and airy due to it’s large bay windows, and allows space for a small table and chairs for dining.
From here, a door gives access to the inner hall, which has fitted storage facilities, and doors to the kitchen, a modern shower room with a three piece suite, and two double bedrooms.
Bedroom two has the advantage of built-in wardrobes with mirrored sliding doors, with the principal bedroom boasting a fully tiled en-suite shower with vanity wash hand basin, WC, and shower cubicle with feature lighting.
The kitchen is a light and airy room and is fitted with glossy wall and base mounted units.
There is a good amount of worktop space complemented by stylish tiling, plus a 11⁄2 stainless steel sink with mixer tap and drainer.
An induction hob with fan over, electric oven, fridge-freezer, washing machine and dishwasher completes the integral white goods.
A super feature of this flat is the sunroom, which is accessed from the kitchen.
This warm and well positioned room lies to the side elevation, and is a lovely spot to relax or dine throughout day and evening.
It also gives access to the rear elevation where there is a small gravel area and a useful shed.
Externally, the side garden, which is laid to gravel doubles as a driveway and allows off-street parking for one vehicle.
Crown is a conservation area and one of the most desirable residential areas of Inverness, with a wide range of local amenities including a newsagent with post office, pharmacy, coffee shops, delicatessen, bakers, hairdressers, barbers and two hotels with bars and restaurants.
There are both doctors and dental surgeries close by. Excellent schooling is available at Crown Primary School and nearby Millburn Academy.
The property is in an ideal location for easy access into Inverness city centre.
The city centre is a just a short walk away down the Market Brae steps and provides an extensive choice of shopping, leisure and recreational activities associated with city living.
Inverness City enjoys excellent communications by road and rail and is served by an international airport.
Entrance Hall Lounge/Diner (approx 5.75m x 4.12m (approx 18'10" x 13'6")) Inner Hall (approx 1.52m x 2.97m (at widest point) (approx 4'1) Bedroom Two (approx 2.56m x 3.99m (approx 8'4" x 13'1")) Bedroom One (approx 3.01m x 3.30m (approx 9'10" x 10'9")) Bedroom One En-Suite Shower Room (approx 3.24m x 1.50m (at widest point) (approx 10') Shower Room (approx 1.41m x 2.09m (approx 4'7" x 6'10")) Kitchen (approx 3.02m x 3.93m (approx 9'10" x 12'10")) Sunroom (approx 1.93m x 3.50m (approx 6'3" x 11'5" )) Services Mains water, gas, electricity, and drainage.
Extras All carpets, fitted floor coverings, curtains, blinds, TV and white goods. Some items of furniture are available by separate negotiation. Heating Gas central heating.
Glazing Double glazed windows throughout. Council Tax Band C Viewing Strictly by appointment via Munro & Noble Property Shop - Telephone Entry By mutual agreement.
Home Report Home Report Valuation - £210,000 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.
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FAQ
About 2, Reay Street, Inverness
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