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See how verdicts work3-bedroom terraced house · ZE1 0QT
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reference – KA0673 Welcome to 40 Russell Crescent Introducing 40 Russell Crescent, an excellently presented three-bedroom end-terraced house in Lerwick.
The open-plan living areas are stylishly decorated and finished to a high standard. The home features three double bedrooms, two of which boast built-in wardrobes.
The interior is complete with two bathrooms, a study, a front porch, a practical utility room and a substantial loft room.
The home is equipped with a combination of timber-framed and PVCu windows throughout.
The exterior includes a large private driveway, a substantial semi-detached garage, an enclosed rear garden and on-street parking.
Location The home is situated on Russell Crescent, in a central residential area of Lerwick. There is a bus stop situated a few minutes' walk from the home, providing a convenient transport link.
Bells Brae Primary School and Anderson High School are within easy walking distance of the home, as are other local amenities, including Tesco, Fjara Café and Bar, Clickimin Leisure Centre and Lerwick Health Centre.
Accommodation The home begins with a welcoming entrance porch that leads through a glass-panelled door into a hallway connecting the main body of the home, with the open-plan living areas situated straight ahead.
The lounge has been tastefully finished, featuring a wood-burning stove with an oak mantel, oak wall shelves and sufficient floor space to accommodate a range of furnishings.
The kitchen is modernly fitted with a range of wall- and base-mounted units, stylish doors and generous wooden countertop space.
The space is enhanced by built-in storage and sufficient floor space to accommodate a large dining table.
The bathroom is well finished and fitted with a jacuzzi bath with an overhead shower, excellently presented tiling, a W.C., a hand basin and additional storage.
The ground floor is complete with a study, a practical utility porch and excellent storage situated in the corridor.
The first floor hosts three well-decorated double bedrooms, including a substantial principal bedroom with built-in storage and large windows that allow natural light to flood the room.
This level is complemented by a first-floor bathroom, fitted with a walk-in shower, a W.C., a hand basin and additional storage.
The home also features a substantial loft room, providing excellent floor space and fitted with a Velux window. A combination of PVCu and timber-framed windows is fitted throughout the home.
External Features Externally, the front of the property features a driveway with room to accommodate multiple cars.
At the rear, there is a large semi-detached garage, which has been extensively upgraded in recent years, along with additional parking available in front.
A small, south-facing paved garden provides a sunny, low-maintenance outdoor space. Additional on-street parking is also available. Early viewing is highly recommended.
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 40, Russell Crescent, Shetland
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