2-bedroom flat · IV30 1DJ
Sold STCListed 1217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With a sitting tenant, this two bedroom top floor flat enjoys a convenient location right in the heart of Elgin, within easy walking distance of local amenities, and would make an ideal investment purchase.
This two bedroom flat is situated on the second floor of a Category C Listed mid-terraced building right in the heart of Elgin, within easy walking distance of transport links and all local amenities.
The accommodation comprises: Shared entrance and stairs, landing and private door to hallway, living room, fitted kitchen, two double bedrooms and bathroom.
The property benefits from newly installed high heat retention electric heating and double glazing.
With a sitting tenant, this property achieves a current rent of £700 pcm, giving a return on investment of over 9% at the listed price.
The property complies with current legislation for letting, with the relevant safety certificates in place. This would make an ideal investment purchase and we highly recommend a viewing.
Kitchen 4.39m x 2.33m Lounge 4.02m x 3.68m Bedroom 1 3.97m x 3.01m Bathroom 3.00m x 2.72m Bedroom 2 3.98m x 3.62m
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.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 advisors 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.
Area
Agent & docs
FAQ
About 2, High Street, Elgin
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