Property · IV30 4JN
For saleListed 259 days
Opportunity summary
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About
The subjects comprise a modern two storey student residence of modern construction.
Internally, the accommodation is finished to a high standard and is fitted out as 40 student bedrooms split into 6 main flats with ancillary accommodation.
Each bedroom has a dedicated En-Suite WC/Shower Room and there is a communal Kitchen/Living Room for each cluster of flats.
The studio rooms have their own dedicated Kitchen units incorporating cooking equipment.
Externally, there is a dedicated parking area to the front of the building which is surfaced and has capacity for 12 vehicles. Floor plans are available on request from marketing agents.
Elgin is the capital and administrative centre for the Council region of Moray. The town has a population of circa 20,000 and a wider regional catchment of around 50,000.
The town is also home to headquarters of Moray Council and benefits from a railway station on the Inverness to Aberdeen line. There are also regular bus services to the surrounding areas.
The town is an important regional centre of education, tourism, agricultural and distilling industries and also general retail.
The property is located in a primarily residential area in the Bishopmill area of the town around one mile to the north of the town centre.
The residence is located on the north side of Alba Place within a recently completed affordable housing development immediately adjacent.
There is a children's care home located to the immediate south of the property Total Gross Area - 990.20 sq. m / 10,755 sq.
ft Ground and First Floor Accommodation 40 Bedrooms Guide Price : On Application For Sale - Student Accommodation / Residential Development Opportunity (Subject to Planning)
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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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 starting price
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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
FAQ
About Alba Place, Bishopmill, Elgin, IV30 4JN
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