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See how verdicts work2-bedroom bungalow · IV30 6XX
Listing removedListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within close proximity to Elgin’s local amenities is this well presented 2 Bedroom Semi-Detached Bungalow which benefits from a Sun Room, its Own Driveway which leads to a Detached Garage with Electric Door.
Accommodation comprises a Sun Room, Hallway, Lounge, Kitchen, 2 Double Bedrooms and a Shower Room.
Entrance to the property is via the Sun Room Sun Room – 14’7” (4.44) x 5’6” (1.67) Entrance into the sun room can either be via the front or the rear 2 wall mounted light fittings Double glazed windows to all aspects of the room Vinyl flooring Hallway Loft access hatch with loft ladder leads to a floored loft space fitted with lighting Single radiator 2 built-in storage cupboards, one of which houses the Worcester gas boiler A high gloss finish laminate flooring Lounge – 14’ (4.27) x 12’9” (3.88) reducing to 10’6” (3.20) Ceiling light fitting Double glazed window to the front Double radiator A newly fitted carpet Kitchen – 10’6” (3.20) x 10’4” (3.15) Recessed ceiling lighting Double glazed window to the front Double radiator A range of wall mounted cupboards, display cabinets and fitted base units Integrated gas hob and electric oven Single sink with drainer unit and mixer tap Integrated dishwasher and fridge/freezer Space to accommodate a washing machine (to remain) Tile effect flooring Bedroom One – 10’9” (3.27) plus wardrobe space reducing to 9’9” (2.96) x 9’ (2.74) Pendant light fitting Double glazed window to the rear Single radiator Built-in double wardrobe Newly fitted carpet Bedroom Two – 9’2” (2.79) plus wardrobe space x 8’3”(2.51) Pendant light fitting Double glazed window to the rear Single radiator Built-in double wardrobe Fitted carpet Shower Room – 6’8” (2.02) x 5’6” (1.67) Recessed ceiling lighting Double glazed window to the rear Single radiator A quadrant shower cubicle with mains shower and wet wall finish within A fitted vanity unit which features good storage cupboard space with a recessed wash basin and a press flush W.C Wood styled flooring Garden A low maintenance and enclosed rear garden which is paved with 2 gravelled beds featuring some young trees Driveway and Garage (18’7” x 9’11”) The property has its own driveway and can provide parking for 2-3 vehicles, this leads to a detached garage which is fitted with power lighting and an electric remotely operated up and over door to the front There is a single glazed window and a side entry door Note 1 All light fittings & floor coverings 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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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.
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FAQ
About 12 Springfield Gardens, Elgin
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