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See how verdicts work3-bedroom flat · IV14 9BW
For saleListed 485 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION This excellent investment opportunity comes complete with known tenants in place. Flats 3 and 4 are built onto the rear of Ravencroft House, a lovely traditional detached property.
The flats were sympathetically developed a number years ago while the building was still being used as a care home.
The building is constructed of a timber kit with stone harled rendered blockwork wall and a slate roof. The windows are double glazed with timber frames. Internally the property is in good condition.
The property is located on a quiet lane close to the centre of Strathpeffer. The area is peaceful, overlooking fields with the ?Cat?s back? to the south.
As a very desirable place to live this offers property that is very easy to rent out. REASON FOR SALE The present owners bought the flats in 2006 providing an enjoyable lifestyle to date.
It is due to family circumstances this excellent opportunity is being presented to the market. TRADE The property is being sold with tenants in place.
LOCATION The delightful town of Strathpeffer is located 4 miles (6 km) west of Dingwall in the strath of River Peffer in the beautiful rural setting of Easter Ross-shire.
In the Victorian era, Strathpeffer became popular as a spa resort, owing to the discovery of sulphurous springs in the 18th century. The pump-room in the middle of the village dates from 1819.
Soon after that, a hospital and a hotel were also built. In 1942 the Spa hospital was destroyed by fire.
The Strathpeffer Pavilion dates from 1880, and was built to provide a venue for entertainment of the visitors.
It was commissioned by the Countess of Cromartie and is based on the casino at Baden Baden, which in turn was based on the Festspielhaus at Bayreuth.
It fell into disuse and disrepair towards the end of the last century, but has now been restored as a new venue for the arts, weddings, and events of all kinds Strathpeffer has a population of circa 1,000 and enjoys the benefit of a much higher population within the local area.
The wider area benefits from thriving agricultural, engineering, tourism and port related businesses.
Due to its location Strathpeffer acts as a dormitory town to Inverness and other larger villages in the surrounding area.
This attractive town has a long and established history and the wider area has a great many attractions such as castles, distilleries and golf courses.
However, many visitors just come to enjoy the beautiful countryside and hill walking.
For those interested in field sports and fishing rural Ross-shire offers unparalleled experiences with some outstanding salmon and trout fishing.
The Cromarty Firth and Moray Firth are popular venues for adventurous water sports with the many fresh water lochs in the region providing an outlet for a wide range of activities.
The Moray Firth also attracts visitors because of the presence of dolphins and minke whales.
Strathpeffer is approximately 18 miles from Inverness, a vibrant centre of tourism and commerce with excellent communication links.
SERVICES There is a single point of connection for mains electricity, phone line, water and drainage. Electric heating is provided throughout. The property has Wi-Fi.
EPC RATING Both flats 3 and 4 have an Energy Performance Rating of ?E? and both can be improved considerably as outlined in the EPC report.
ACCOUNTS The business currently trades to a highly profitable level. Full accounting information will be made available to seriously interested parties subsequent to formal viewing.
TITLE NUMBER The property has a title number of ROS7802. PRICE Offers over £265,000 (Freehold) are invited for the heritable property.
OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date, should one be set.
GROUNDS Parking is provided on a private tarred area to the rear of the property, one space per flat and one communal space for visitors shared by all flats.
The parking is accessed off a quiet lane with no through traffic.
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
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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.
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About Ravenscroft, Strathpeffer, Highland, IV14 9BW
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