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See how verdicts work5-bedroom detached house · KW16 3BU
For saleListed 318 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
118 Victoria Street is an impressive 5 bedroom, 3 storey townhouse in the heart of Stromness.
This 'B' listed, traditional stone-built property includes a shop on the ground floor, a cellar and garage as well as off street parking.
There are stunning views from the living spaces out to the harbour and the Holms. This home features many original features including cornices and fire places.
Accommodation on the ground floor comprises of a comfortable, dual aspect sitting room with open fire, kitchen, untility room and shower room.
There is an additional bathroom accessed from the landing and on the first floor there is a spacious sitting room with 3 large windows taking advantage of the views and an open fire and 2 generous bedrooms.
On the top floor, there are 3 further bedrooms and a dressing room. The shop premesis is accessed from the main street and features an impressive cornice.
Stromness is a charming, traditional ferry port town shaped by the sea.
The winding streets host a good selection of independent shops including coffee shops, delicatessen, hardware shop, furniture shop, galleries, supermarket and bakery.
There is a vibrant primary school, secondary school, library, sailing club, golf club and swimming pool.
Electricity: Mains Water: Mains Drainage: Mains Heating: 2 open fires 'B' Listed as per Historic Scotland website BEST ESTATE AGENT GUIDE When you choose to work with us, you are officially working with one of the UK's Best Estate Agents.
We first received this award in 2023 for sales and are delighted to have been invited back to London every year since.
The very best agents are listed in The Best Estate Agent Guide – a website for sellers to help them choose who the best agents are in their area.
If you want to achieve the best results for your property sale, combined with receiving the best customer service, we would love to help.
VIEWINGS By appointment only, arranged through K Allan Properties.
Call or email OFFERS K Allan Properties Watergate Kirkwall KW15 1PD OR VIA EMAIL WHICH CAN BE FOUND ON OUR WEBSITE DISCLAIMER Whilst we endeavour to make these particulars accurate, they do not offer/form any part of a contract on offer and are not guaranteed.
Measurements are approximate. We have not tested electricity, gas or water services or any appliances. Photographs may have been taken with a wide angle lens.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 118 Victoria Street, Stromness, Orkney, KW16 3BU
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