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 semi-detached house · IV30 8UX
For saleListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 Moray Avenue A pleasant semi-detached, 2-bedroom house in need of some refurbishment, situated in a quiet cul-de-sac in the village of Alves.
Alves is approximately half-way between Forres and Elgin and has a popular primary school, as well as a café and good public transport links.
The property would be an ideal first-time-buy or buy-to-let and benefits from energy efficiency measures in the form of solar panels, battery storage and an air-source heat pump.
Accommodation Accommodation is across two floors, with the lounge and kitchen on the ground floor and two bedrooms plus the shower room on the upper floor.
Enter through the partially glazed front door into a small hallway leading to the staircase and into the lounge.
The good-sized, bright lounge has a large triple window looking over the front garden and the glass panelled doors connecting the lounge to the hallway and kitchen further facilitate the movement of natural light.
A lovely open fireplace is currently in use and provides cosy ambience.
The kitchen is accessed via the lounge and is a long galley-type containing ample upper and lower cabinets, free-standing white goods including cooker, washing machine and fridge freezer.
Two in-built cupboards provide additional storage space, and the layout also allows for a small breakfast table. On the upper floor, both double bedrooms benefit from in-bult storage.
One bedroom is spacious, has two windows overlooking the front garden and the other ample double has views to the rear garden.
The shower room contains a curved shower enclosure, a WC and basin inset to a handy storage cabinet.
Outside and Gardens To the front of the property, a gravelled driveway provides parking for multiple vehicles, and the front garden has also been laid to gravel to offer further parking if required.
The rear garden has a selection of mature plants and fruit trees, including apple and pear. Block-built storage shed to the rear. Location Approximately 5 miles west of Alves is Forres.
Forres is a thriving small town in the northeast of Scotland.
With an active high street offering butchers, bakers, cafes, gift shops, hairdressers, a tailor, post office and grocery shops, it continues to offer a wide selection of services.
The town boasts large parks and woodland walks, having been placed, or won, the relevant section of Britain in Bloom on multiple occasions.
Primary and secondary schooling is available in the town, and Gordonstoun private school a mere 11 miles away with transport available daily.
Transport links are excellent with a regular bus running between Aberdeen and Inverness, a train station also on the main line between Aberdeen and Inverness and airports in both Inverness and Aberdeen providing daily flights to domestic and international destinations.
Outdoor opportunities are incredible with the beautiful white sand beaches of Findhorn less than 5 miles away, offering sailing, paddleboarding and wild swimming, skiing is available in both The Lecht and Cairngorms, both less than an hour away, and endless opportunities for walking, biking, horse riding and hiking in the vast forests of Culbin and Newtyle.
Elgin is approximately 5 miles east of Alves and is the largest community and the administrative/commercial centre of Moray, conveniently connected by road, bus, and train to Inverness, Aberdeen and beyond.
The high street boasts classical architecture and is abuzz with coffee shops, independent shops and a variety of local services with a separate retail park home to many well-known, larger retailers.
Medical and dental services are available in Elgin and Dr Gray's hospital has an A&E unit.
Nestled in the world-famous whisky region, Elgin offers many pleasant characteristics, breathtaking scenery and a number of local distilleries including Glen Moray and Gordon & MacPhail, and Elgin is also home to the famous Walkers shortbread.
Elgin also has ample primary and secondary schooling opportunities.
Room Dimensions Lounge (4.0m x 4.3m) Kitchen (5.0m x 2.6m at widest) Bedroom 1 (4.0m x 3.7m at widest) Bedroom 2 (2.8m x 3.0m) Shower Room (1.7m x 2.0m) Please note that all measurements and distances are approximate and provided for guidance only.
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
.png)
FAQ
About 3, Moray Avenue, Alves
Explore nearby