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See how verdicts work3-bedroom bungalow · IV30 8PJ
Listing removedListed 116 days
Opportunity summary
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About
Rare opportunity to acquire a portfolio of three income-producing bungalows with an additional development plot in the heart of Elgin. Income and development portfolio.
An outstanding investment opportunity comprising three tenanted bungalows generating an immediate rental income of £13,200 per annum, together with a former commercial site offering exciting redevelopment potential (subject to the necessary consents).
Situated in the popular Moray town of Elgin, the portfolio benefits from established tenants, professional management and a realistic combined value of approximately £180,000, making this an attractive proposition for investors, developers and landlords alike.
The tenanted properties command an immediate rental income of £1,090 per month (£13,080 per year) and an additional development plot offering potential for additional income.
20 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000 1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year).
The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.
Property has recently been re-wired and upgraded.
22 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000 1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year).
The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.
Property has recently been re-wired and upgraded.
24 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000 1 Bedroom detached bungalow sold with settled long-term tenant paying £390 per month (£4,680 per year).
The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.
Property has recently been re-wired and upgraded. Included in the sale is an excellent development opportunity. A former commercial property offering the opportunity for full re-development.
The area is currently designated as garden ground but redevelopment will be encouraged by the local authority.
Potential for bungalow or for flats with new development strongly encouraged by the local authority (subject to necessary consents).
The historic town (and former city) Elgin is the largest town and administrative centre of the Moray region in Scotland's North East with a resident population of 25,000 and offers excellent access to the larger cities of Aberdeen and Inverness.
This lot will be sold under auction terms and conditions by Braveheart Auctions. Speak to one of our dedicated team today for more information or visit our website.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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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 starting price
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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 advisers before making any investment decisions.
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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 Portfolio Of Three Tenanted Properties, Park Road, Elgin
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