2-bedroom flat · KW1 5BH
Under offerReduced £2k (−3.8%) on 29 JulListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroomed, first floor flat which requires modernisation, but benefits from a garden and gas central heating and shared parking.
Property A great opportunity to purchase a two bedroomed, first floor flat located in Wick a Royal Burgh in Caithness, and benefits from gas central heating, double glazed windows, and views over the town itself.
Inside requires a degree of modernisation, but once complete will suit a variety of potential purchasers including first time buyers, young professionals, or as an excellent investment opportunity and viewing is recommended to recognise the potential within.
The accommodation is accessed from the side elevation, and inside comprises an entrance stairway and a landing, off which is two double bedrooms with the principle bedroom having a cupboard, a bright, front facing lounge with feature electric fire and alcove shelving, and kitchen.
The room is fitted with wall and base mounted units with worktops, a stainless steel sink with taps and drainer and included in the sale is the washing machine.
A shower room fitted with a WC, a wash hand basin and a shower enclosure with electric shower completes the accommodation. Access to the loft can be found in hallway, and offers additional storage.
Externally, the rear garden is laid to lawn with shrubs, mature trees, and is enclosed by walling. There is shared parking to the front elevation which is laid to tarmac and lock-block.
The Royal Burgh of Wick is the most northerly town on the East Coast of Caithness and is on the very the famous North Coast 500 (NC500) tourist route.
The vibrant town offers good shopping, with a number of stores including a Tesco Supermarket, Boots Chemist, Argos, Pets at Home, B&M, Screwfix and Lidl.
There are many leisure opportunities including a golf course and squash club, plus a public swimming pool/gymnasium.
The property is within commuting distance of all amenities, including both Primary and Secondary Schooling, Caithness General Hospital and Doctors Surgery.
The town also boasts a banking hub, a post office, and an airport.
Entrance Hall Bedroom One (approx 3.61m x 3.27m (approx 11'10" x 10'8")) Lounge (approx 4.35m x 3.44m (approx 14'3" x 11'3")) Kitchen (approx 3.33m x 3.16m (approx 10'11" x 10'4")) Shower Room (approx 2.05m x 1.76m (approx 6'8" x 5'9")) Bedroom Two (approx 3.18m x 3.14m (approx 10'5" x 10'3")) Services Mains electricity, gas, water, and drainage.
Extras All carpets, fitted floor coverings, curtains and blinds Heating Gas central heating. Glazing Double glazed windows throughout.
Council Tax Band A Viewing Strictly by appointment via Munro & Noble Property Shop - Telephone . Entry By mutual agreement.
Home Report Home Report Valuation - £53,000 A full Home Report is available via Munro & Noble website.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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.
Area
Agent & docs
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FAQ
About 11, Oldwick Road, Wick
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