2-bedroom flat · IV30 1PU
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Benefiting from a central location in Elgin is this recently refurbished 2 Bedroom Top Floor Flat.
The current owner has modernised the property to include re-decoration, a newly fitted Kitchen, internal doors and a Gas Central Heating Boiler.
Accommodation comprises a Hallway, Lounge / Kitchen, 2 Double Bedrooms and a Bathroom. Entrance to the property is via a communal entrance door and hallway.
A staircase leads up to the property which is located on the top floor.
A private entrance door then gives access into the flat Hallway Ceiling light fitting Built-in utility storage cupboard which provides space and plumbing within for a washing machine Laminate flooring ‘L’ shaped Lounge / Kitchen – 16’8” (5.08) max x 13’7” (4.13) max An open plan design Lounge and Kitchen Comprising recessed ceiling lighting Double glazed window to the rear Double radiator A modern range of fitted cupboards and base units Space to accommodate an electric cooker and a fridge/freezer (the cooker is included within the sale) Integrated dishwasher Single sink with drainer unit and mixer tap A modern Glow worm gas boiler Laminate flooring Bedroom One – 11’5” (3.47) max into the door recess area x 9’8” (2.94) Pendant light fitting Double glazed window to the front Double radiator Built-in double wardrobe with sliding mirrored doors Laminate flooring Bedroom Two – 11’9” (3.57) max x 9’2” (2.79) narrowing to 8’10” (2.69) x 11’4” (3.45) max into the door recess area Pendant light fitting 2 double glazed windows to the front Double radiator Recessed alcove with cupboard space Laminate flooring Bathroom – 7’ (2.13) x 6’4” (1.92) Ceiling light fitting Heated chrome style towel rail Bath with an electric Mira shower and ‘wet wall’ finish to the bath area Pedestal wash basin and a press flush W.C Vinyl flooring Internal Storage Cupboard In the communal stairwell, there is a private storage cupboard which belongs to the property.
It's ideal for storing items such as bikes etc Note 1 All light fittings, floor coverings, the cooker and washing machine are to remain.
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
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FAQ
About 5a Lossie Wynd, Elgin
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