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 work3-bedroom bungalow · IV30 6EE
Listing removedListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property description Grigor & Young are delighted to present to the market, 1 Birnie Place, which is located in a sought-after and tranquil area of New Elgin.
Detached bungalow offering comfortable living space in a quiet residential setting, ideal for families, couples, or first-time buyers.
Fully double glazed with gas central heating (boiler replaced in 2022), the property benefits from a bright and spacious living area, kitchen, 2nd reception room, accessible shower room and three well-proportioned bedrooms.
A large private garden offers a lovely outdoor space, selection of outbuildings, external store/utility, driveway and detached garage.
Positioned in a quiet cul-de-sac, the home enjoys minimal traffic and a strong sense of community.
It is within easy reach of local schools, shops, and transport links, making it a practical choice without sacrificing peace and quiet.
This is a fantastic opportunity to own a delightful home in one of New Elgin’s desirable neighbourhoods.
Entrance hallway UPVC door with translucent panel; laminate flooring; two windows to the front aspect; doors to lounge, 2nd reception room, two bedrooms and shower room; two shelved storage cupboards; wall-mounted coat hooks; access to the partially floored and insulated attic space.
Lounge (4.87m x 3.32m) A spacious, bright and welcoming room; space for a range of furniture; laminate flooring; dual-aspect windows to the front and side; electric fire set within a tiled and wood surround; electricity meter and consumer unit located within a purpose-built cupboard; shelved built-in cupboard; archway leading into the kitchen.
Kitchen (3.84m x 1.94m) Selection of base, wall-mounted units and shelving; laminate work surfaces with sink and mixer tap, set within; tiled around work surfaces; integrated gas hob and extractor; space for an integrated oven, free-standing under-counter fridge and dishwasher; laminate flooring; window to the rear aspect, fitted with a roller blind; rear external uPVC partially-glazed rear door.
2nd reception room (4.87m x 3.03m) Ideal 2nd reception / family room, leading through to Bedroom 3; carpeted flooring; window to the front aspect, fitted with vertical blinds; gas fire set within a tiled surround; space for a range of furniture.
Shower room (1.97m x 1.94m) Accessible shower room; non-slip vinyl flooring; shower enclosure with an electric shower unit, bi-fold half-height shower screen; WC; fixtures and fittings; pedestal wash hand basin; wall-mounted mirrored cabinet; extractor; translucent window to the rear aspect.
Bedroom 1 (3.69m x 2.41m) Double bedroom; carpeted flooring; free-standing wardrobe – included; space to accommodate free-standing furniture; window to the rear aspect.
Bedroom 2 (3.71m x 2.93m) Double bedroom with space for free-standing furniture; carpeted flooring; window to the rear aspect; fitted triple wardrobe with sliding doors, shelving and clothes rails.
Bedroom 3 (3.34m x 3.21m) Double bedroom, located to the rear of the 2nd reception room; dual-aspect windows to the rear aspect with a delightful view of the garden – roller blind fitted to side window; carpeted flooring.
External store / utility Located to the rear of the property; selection of wall-mounted and base units; plumbing within - washing machine included; chest freezer – included; window to the front aspect; external tap.
Garage, driveway, outbuildings & garden Single detached brick-built garage with double, wooden manual doors, lighting and power within; windows to the rear and side aspects; work bench and storage cupboards – included; side door.
Enclosed front garden; paved pathways; selection of plants and shrubs throughout, designed to easily maintain. Lock block driveway with space for multiple vehicles.
Large rear garden with a large area laid to lawn; 2 potting sheds, suitable for multiple uses; wooden summerhouse; greenhouse; paved patio area, discreetly positioned for complete privacy; selection of plants, trees and shrubs throughout.
Viewing required to fully appreciate.
Council tax: A energy efficiency rating: D note 1: Included in the asking price will be all floor coverings, blinds & curtains, light fittings, integrated gas hob, free-standing chest freezer & washing machine, and Bedroom 1 free-standing wardrobe.
Note 2: The mention of any appliances and/or services in these details have not been tested, or checked that they are connected, and does not imply that these are in full and efficient working order.
Note 3: Measurements are approximate and for guidance only. Offers: - Sellers reserve the right to accept an offer at any time during the marketing process.
Formal Offers must be submitted by a Scottish solicitor in writing. A Closing Date, by which date and time offers must be submitted via a Scottish solicitor, may be arranged.
All parties who have formally noted interest via a solicitor will be notified of any Closing Date.
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
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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.
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FAQ
About 1, Birnie Place, Elgin
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