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See how verdicts work6-bedroom house · IV30 1NY
For saleListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This detached, Grade B Listed, three storey period property is located in Elgin’s sought after West End and represents an ideal development opportunity for conversion to a substantial family home.
Built in 1827, this detached three storey house is Grade B Listed and enjoys a desirable location in the sought-after West End of Elgin, representing an ideal opportunity to acquire a substantial property as a development opportunity for conversion to a family home.
Currently designated as commercial premises, an application has been submitted to the Moray Council for change of use to a residential dwelling.
Proposed plans for the interior conversion have been drawn up by CM Design and can be viewed at our Elgin office.
Following the internal alterations, the accommodation would comprise to the ground floor: Entrance vestibule, hallway, lounge with fireplace, family room/dining room with archway through to kitchen and access to an outside decked area, pantry, WC, and a bedroom with en suite shower room.
To the first floor would be two bedrooms with en suite facilities and a large study.
The lower ground floor would consist of two bedrooms, a utility/laundry, accessible bathroom, a reception room and a further bedroom with en suite.
The front garden is bounded by a stone wall and hedge and contains mature trees and shrubs, with stone steps leading to the front door, lending a feeling of grandeur.
At the rear there is a further garden area which could be extended to the boundary wall, and off-street parking for several cars, with vehicular access from South Street shared with the neighbouring property.
The perfect combination of well-proportioned accommodation and an enviable location just a stone’s throw from Elgin town centre, amenities and transport links, we highly recommend a viewing to fully appreciate the development potential this property has to offer.
Existing layout: Ground Floor Hallway 2.62m x 3.41m Reception Room 6.42m x 4.86m Lounge/Diner 6.32m x 4.86m Bedroom 4 4.30m x 4.10m Bedroom 5 4.24m x 4.02m WC 1.86m x 2.75m Utility 1.93m x 2.79m Lower Ground Floor Reception Room 6.65m x 4.65m Dining Room 3.52m x 4.05m Kitchen 2.32m x 2.67m Lounge 4.02m x 3.98m Reception Room 3.55m x 4.79m Study 2.70m x 3.54m WC 1.73m x 1.96m First Floor Bedroom 1 4.18m x 5.42m Utility 1.93m x 2.16m Bedroom 2 4.11m x 5.32m WC 4.11m x 5.32m Bedroom 3 6.88m x 3.15m
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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 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
Agent & docs
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FAQ
About 7, Mayne Road, Elgin
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