3-bedroom flat · PA31 8JS
For saleListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lochgilphead sits at the head of Loch Gilp and is on the banks of the Crinan Canal, in the heart of Argyll.
The town has a good range of local facilities including a hospital, modern high school, swimming pool and excellent shopping with many small independent retailers, together with Tesco and Co-op Supermarkets.
The town is also the headquarters for Argyll & Bute Council.
The area abounds in opportunities for outdoor enthusiasts, with hill walking, sailing and fishing just a few of the recreational sports that can be enjoyed close by.
Offering an excellent opportunity for a first time buyer or as a letting property, this bright and airy three bedroomed top floor flat is conveniently situated close to the town centre and enjoys far reaching views towards the loch and countryside beyond.
The property forms part of a substantial stone building with access to the rear through a communal entrance and stairwell.
The accommodation, whilst in need of some redecoration, does benefits from electric heating and a modern shower room and kitchen. In addition, there is a shared garden and parking to the rear.
Details of accommodation Hall with large storage cupboard housing hot water tank, recess with coat hooks, electric heater, hatch to roof space, 3 ceiling light fittings.
Sitting Room: 4.64m x 3.46m, windows to front, electric heater, 2 ceiling light fittings, wood effect laminate flooring.
Kitchen: 3.32m x 2.38m, window to rear, fitted with a range of wall mounted and floor standing units with work tops, stainless steel sink with drainer, oven, hob with extractor over, plumbing for washing machine, fitted cupboard, panel heater, ceiling light fitting, wood effect laminate flooring.
Bedroom 1: 4.65m x 2.21m, coombed (sloping) ceiling, windows to front, fitted cupboards, electric heater, ceiling light fitting, fitted carpet.
Bedroom 2: 4.29m x 2.01m, coombed ceiling, windows to front, fitted cupboards, electric heater, ceiling light fitting, fitted carpet.
Bedroom 3: 2.67m x 2.44m, coombed ceiling, window to rear, electric heater, ceiling light fitting, fitted carpet.
Shower Room: 2.12m x 1.55m, coombed ceiling, Velux roof light window to rear, shower enclosure with waterproof wall panelling and folding door, whb, wc, heated towel rail, wall mounted fan heater, wall tiling, ceiling light fitting, vinyl flooring.
General information Services: Mains water, electricity and drainage. Council Tax: Band C. EPC Rating: E53. Home Report: Available from the Selling Agents.
Guide Price: Ninety Thousand Pounds (£90,000). Offers are invited and should be submitted to the Selling Agents. Viewing: Strictly by prior arrangement with the Selling Agents.
Entry: By mutual agreement Under Money Laundering Regulations we are required to carry out due diligence on purchasers to allow the transaction to proceed.
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
Agent & docs
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FAQ
About 9, Union Street, Lochgilphead
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