We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · IV30 4JL
Listing removedListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a spacious two-bedroom home with private garden space and designated parking, perfectly suited to first-time buyers, downsizers or investors alike.
Situated within a popular residential area of Elgin, the property offers well-proportioned accommodation, outdoor space and excellent long term potential.
Accessed via a communal entrance, the property opens into a bright and spacious lounge providing an excellent everyday living and entertaining space.
A particular highlight is the direct access from the lounge to the private enclosed rear garden, creating an attractive connection between indoor and outdoor living.
The accommodation further comprises a separate kitchen, a bathroom fitted with a bath suite and overhead shower, and two good-sized bedrooms offering comfortable and flexible living arrangements.
Externally, the property benefits from a private enclosed garden providing a low-maintenance outdoor area ideal for relaxing or entertaining.
In addition, there is a designated parking space offering everyday convenience.
Key Features • Spacious lounge with garden access • Separate kitchen • Bathroom with bath and overhead shower • Two well-proportioned bedrooms • Private enclosed garden • Designated parking space • Excellent first home or investment opportunity Combining space, practicality and affordability, 18 Lesmurdie Court represents an ideal first step onto the property ladder or a strong addition to a rental portfolio within an established and convenient location.
Early viewing is highly recommended to fully appreciate the accommodation and potential on offer.
Electricity Supply: Scottish and Southern Electricity Networks Water Supply: Scottish Water Sewerage: Scottish Water Broadband / Mobile Coverage: Limited 3G, 4G and 5G.
By appointment through McEwan Fraser Legal on Moray McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
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.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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
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FAQ
About Lesmurdie Court, Elgin
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