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See how verdicts work3-bedroom detached house · IV30 1HU
Listing removedReduced £5k (−2.1%) on 20 JunListed 481 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** motivated seller - price drop of £5,000 below home report valuation ** Property description Grigor & Young are delighted to present Tregarne, King Street, Elgin to the market.
A unique property built in circa 1850 with a later extension, offering very comfortable accommodation, delightful enclosed garden grounds, 2 x garages and driveway.
Accommodation consisting of on the ground floor: - entrance vestibule, hallway, lounge, kitchen, dining room, and shower room. First floor consists of landing and all bedrooms.
Externally, the property boasts a fabulous enclosed private garden, greenhouse, driveway and two garages. Further benefitting from, gas central heating and interlinked heat and smoke detectors.
Situated in a central location, near Elgin Cathedral, this property is likely to appeal to a wide range of prospective purchasers and viewing quickly is recommended.
Entrance hallway / basement / upper hallways Solid wooden arched doorway leading into the entrance vestibule; window to the side aspect; built-in storage cupboard with coat hooks and space for larger items; internal glazed door to lower hallway; doors to lounge, kitchen and dining room; understairs’ storage cupboard; carpeted stairs to the first floor; Velux window on stairs; large storage cupboard on the top landing with space for larger items.
Lounge (4.73m x 3.54m) Warm and homely lounge; space for a range of furniture; bay window to the front aspect with secondary glazing and venetian blinds; dual-aspect windows, either side of the room; painted brick fire surround with a tiled hearth; wall-mounted television bracket – included; built-in feature shelving; 2 x small storage cupboards; carpeted flooring.
Kitchen (2.73m x 2.65m) This room would benefit from some modernisation; selection of wall-mounted and base units; laminate work surfaces; stainless steel sink with a mixer tap; space available for a cooker, washing machine and under-counter appliance; wall-mounted gas boiler; window to the rear aspect fitted with a roller blind and secondary glazing; vinyl flooring; doors to lower hallway and rear vestibule.
Dining room (4.08m x 2.97m) Versatile room, would make an ideal extra bedroom; newly laid carpeted flooring; space for a range of furniture; dual-aspect windows to the front and rear, fitted with venetian blinds and secondary glazing; wall-mounted television bracket – included.
Shower room (3.49m x 1.31m) Located on the ground floor, wet room consists of: - walk-in shower enclosure with an electric shower; WC; pedestal wash hand basin; heated towel rail; fully wet walled; built-in shelving; non-slip vinyl; extractor; built-in shelved linen cupboard – water tank within; translucent window to the rear aspect.
Rear vestibule Located between the rear external wooden door, kitchen and shower room.
Bedroom 1 (3.64m x 3.54m) Double bedroom; carpeted flooring; space for a range of furniture; feature window to the front aspect, fitted with secondary glazing and a fabulous view of the cathedral; built-in wardrobe with shelving and clothes rai; small built-in storage cupboard.
Bedroom 2 (3.40m x 2.99m) Double bedroom; carpeted flooring; space for furniture; access to the attic space; window to the rear access fitted with secondary glazing; built-in wardrobe with shelving and clothes rail.
Bedroom 3 (3.48m x 2.67m) L shaped single bedroom; space for furniture; purpose-built wardrobe – included; window to the rear aspect fitted with secondary glazing.
Garden, 2 x garages, driveway Shared gravel driveway to the front and side of property; Garage 1 (4.48m x 4.22m), is linked to the property and is fitted with sockets and lighting; manual door; external door leading into the courtyard area of the garden; fully enclosed and predominantly paved; outdoor tap; selection of planted shrubs and flowers; gate to the driveway.
External store with a gate leading into a magnificent enclosed and private garden to the side aspect of the property; mainly laid to lawn with a wonderful selection of well-maintained flowers, trees and shrubs, including lilies and rose bushes; greenhouse; clothes line; private gravel drive leading to Garage 2 (detached), tucked away to the rear of garden.
Council tax: D energy efficiency rating: E note 1: Included in the asking price will be all floor coverings, selected blinds, light fittings, lounge curtain fittings.
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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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 Tregarne, King Street, Elgin
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