2-bedroom flat · IV30 1PN
Listing removedListed 48 days
Opportunity summary
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About
Located within the West End area of Elgin and within walking distance of Elgin’s thriving High Street is this 2-Bedroom Ground Floor Flat.
The property benefits from its own Private Front Entrance Door, a lovely Rear Garden with Summer House and a Shared Driveway to a Single Garage at the Rear.
Accommodation comprises a Hallway, Lounge, a spacious Kitchen / Diner, 2 Bedrooms and a Shower Room.
Hallway Recessed ceiling light Single radiator Wood flooring Lounge – 16’ (4.88) plus a door recess x 11’9” (3.57) Ceiling light fitting Double glazed window to the front Double radiator Gas fire but isn’t operational Wood flooring Kitchen / Diner – 14’9” (4.49) max x 12’8” (3.86) max Located at the rear of the property, the kitchen benefits from a view looking onto the rear garden Recessed ceiling lighting Double glazed window to the side Double radiator Wall mounted cupboards and base units with solid wood work tops Single sink with drainer unit Integrated gas hob with electric double oven Space to accommodate a fridge/freezer, dishwasher and washing machine (these items are to remain) Built-in storage cupboard which houses the Vailliant gas boiler Wood flooring Double glazed double doors are to the rear which open out onto the rear garden Bedroom One – 13’3” (4.03) plus wardrobe space x 9’5” (2.86) plus wardrobe space and a door recess Pendant light fitting Double glazed window to the front Double radiator 2 Built-in double wardrobes are to the end wall and there is a 2nd set of built-in wardrobes to the right of the room.
Fitted carpet Bedroom Two – 11’2” (3.40) x 7’9” (2.35) Pendant light fitting Double glazed window to the rear Double radiator Fitted carpet Shower Room – 11’3” (3.42) max into the door recess x 7’4” (2.23) max reducing to 3’1” (0.93) Recessed ceiling lighting A tall, heated towel rail Walk-in design shower cubicle with a mains twin head shower, a recessed alcove for toiletries and an integrated shower seat Fitted vanity unit providing storage with a recessed wash basin and a press flush W.C Built-in storage cupboard for towels and linen Tiled flooring Garden The property benefits from its own private rear gardens which commences with a paved area and pathway With the remainder of the garden laid to lawn, there is a timber-built summer house at the rear of the garden A side entry gate leads to the shared driveway, and the right-hand single garage belongs to the property Garage There is a driveway which is shared between flats 12 and 14, which leads to 2 single garages.
The right hand side garage belongs to the property. Notes 1 The floor covering, light fittings, fridge/freezer, dishwasher, and washing machine are to remain.
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.
Area
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FAQ
About 12 Forteath Street, Elgin
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