4-bedroom flat · AB30 1AH
For saleListed 36 daysAuction 28 Oct · in 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Four bedroom maisonette with opportunity to add value.
We are delighted to bring to auction this superb opportunity to acquire this four-bedroom maisonette on High Street, Laurencekirk close to amenities, schools and transport links.
The accommodation is accessed from the ground floor, and main living accommodation is on the first floor comprising a front facing lounge with original cornicing, dining room with kitchen off, two spacious double bedrooms and bathroom.
On the second floor there is a further bedroom with two smaller rooms. The property requires a programme of refurbishment throughout which will allow an excellent opportunity to add value.
There is a range of potential end uses including for an owner occupier, buy to let investor an estimated rental amount would be £14958 per annum as per the lha value or for serviced accommodation similar sized properties are achieving £200-£225 per night.
To ensure you do not miss out on this opportunity early viewing is highly recommended. Council Tax Band E.
Laurencekirk is a small town in the historic county of Kincardineshire, part of Aberdeenshire and is the largest settlement in the Howe o' the Mearns area.
Laurencekirk is in the valley between the Hill of Garvock and the Cairn O’ Mount. The famous landmark of the Johnston Tower can be seen on the peak of the Garvock.
Laurencekirk Primary school was built in 1999 and Mearns Academy, the senior school, opened a new building in August 2014.
The Community Centre, Library, Fitness Suite and Police Station are housed within the Mearns Campus.
There are two public parks, both with children's play areas, and in addition the memorial park houses a bowling green and a skate-board facility The town offers a range of traditional retailing shops and two supermarkets Laurencekirk is in easy reach of the A90 Aberdeen/Dundee dual carriageway with three points of entry.
Aberdeen and Dundee are both approximately 40 minutes’ drive, and Montrose around 20 minutes.
A train station located in the town with regular trains towards Aberdeen and Dundee, taking roughly 30 minutes to each location makes this town an ideal base for commuters.
There are also buses taking you to the Angus and Aberdeenshire towns nearby Surrounded by some spectacular countryside leading to the Cairngorms and The Glens there are plenty of lovely walks nearby.
Purchasers notes Please note that these particulars have been prepared by us on the basis of information provided by our client.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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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 starting price
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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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About 15 High Street, Laurencekirk
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