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See how verdicts work2-bedroom flat · IV30 1EA
Listing removedListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** £10,000 below home report *** Property description A fantastic opportunity has arisen to acquire this beautifully presented two-bedroom second-floor apartment, ideally located in the very heart of Elgin city centre.
Offering an exceptional blend of contemporary living and traditional character, the property has been fully renovated to a high standard while carefully retaining its original features and style, resulting in a home that is both elegant and inviting.
The interior has been thoughtfully upgraded throughout, with all appliances fully integrated to create a sleek and modern kitchen space.
The property further benefits from new floor coverings, an updated heating system, and fresh, tasteful décor, all finished with a keen attention to detail.
The result is a truly turnkey property, ready for immediate occupation without the need for any further work.
The accommodation is bright and well-proportioned, providing comfortable and versatile living space ideally suited to modern lifestyles.
Its central location ensures convenient access to a wide range of local amenities, as well as excellent transport links, making it particularly appealing to first-time buyers, professionals, or buy-to-let investors.
Positioned within easy reach of a variety of primary and secondary schools, along with Moray College uhi, the apartment is also well suited to students and academic staff.
Residents can enjoy the benefits of nearby cycle paths, supermarkets, and an excellent selection of local shops, cafés, and restaurants, all just a short stroll from the property.
Combining the vibrancy and convenience of city centre living with high-quality accommodation and character, this outstanding apartment represents a superb lifestyle or investment opportunity.
Early viewing is highly recommended to fully appreciate the standard and location on offer.
Entrance hallway Shared entrance with a secured entrance door; spacious lower hallway; space for furniture; access to the shared basement (shared between apartments A & B) – large private space, ideal for storage of external items; easily maintained stairwell with vinyl flooring; storage cupboard beneath the window sill at property front door.
Oak internal front door, opening into the welcoming hallway; doors to all rooms; built-in storage cupboard with an additional storage cupboard above; carpeted flooring.
Lounge (4.85m x 3.94m) Delightfully bright and inviting lounge; space for a range of furniture; double tall windows with added safety measures, to the front aspect with a fabulous view over the town centre; carpeted flooring; Gazco electric fire set upon a slate hearth.
Dining kitchen (4.65m x 2.79m) Well equipped kitchen with cream gloss wall mounted & base units; laminate work surfaces; sink inset with mixer tap; splashback; integrated electric hob, double oven, extractor, washing machine & under-counter fridge; wall-mounted shelving; vertical radiator; space for a table & chairs; tall window to the front aspect with added safety measures for peace of mind; vinyl flooring; feature lighting beneath wall-mounted units and within kickboards.
Bedroom 1 (4.04m x 2.64m) Double bedroom with space for a range of furniture; carpeted flooring; window to the rear aspect; gas boiler, located within a built-in cupboard.
Bedroom 2 (4.39m x 2.68m) Double bedroom; built-in wardrobe with shelving & clothes rail; space for free-standing furniture; double windows to the side aspect; carpeted flooring.
Shower room (2.60m x 2.13m) Beautiful shower room consisting of: - walk-in shower enclosure with a mains’ shower; tiled around wet areas; inset shelving; WC; wash hand basin set within a storage unit; wall-mounted mirrored cabinet; vertical radiator; LED, anti-mist & Bluetooth mirror; tiled flooring; translucent window to the side aspect.
Council tax: B energy efficiency rating: C p note 1: Included in the asking price will be floor coverings, integrated double oven, electric hob, extractor, washing machine and under-counter fridge.
Note 2: The mention of any appliances and/or services in these details have not been tested, or checked that they are connected, and does not imply that these are in full and efficient working order.
Note 3: Measurements are approximate and for guidance only. Offers: - Sellers reserve the right to accept an offer at any time during the marketing process.
Formal Offers must be submitted by a Scottish solicitor in writing. A Closing Date, by which date and time offers must be submitted via a Scottish solicitor, may be arranged.
All parties who have formally noted interest via a solicitor will be notified of any Closing Date
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
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.
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FAQ
About 89B, High Street, Elgin
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