3-bedroom house · KW15 1PW
Listing removedListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 George Street is a three bedroom semi detached bungalow offering an excellent opportunity for buyers seeking a home they can modernise and make their own.
Set within mature front and rear gardens, the property benefits from a private driveway, a detached garage with electric up and over door, and a separate garden shed with workbench.
The accommodation is arranged over one level and includes a bright entrance porch, a generously sized living room, a kitchen with rear porch access, three well proportioned bedrooms, and a family bathroom.
The property features uPVC double glazed windows and exterior doors and is heated via electric storage heating.
A particular advantage of the home is the attic space, complete with a Velux window and accessed by a Ramsay ladder, ideal for storage or potential future development (subject to necessary consents).
Externally, the property enjoys ample outdoor space, including a well maintained rear lawn and planting borders.
The driveway offers off street parking leading to the garage, and the additional shed provides valuable storage or hobby space.
Requiring modernisation throughout, 2 George Street presents an exciting prospect for those looking to add value in a sought after Kirkwall location, just a short walk from local shops, amenities, and transport links.
Key features 3 well proportioned sized bedrooms uPVC double glazed windows Electric storage heaters Requires modernisation Private driveway and garage with electric door Front and rear garden including shed with workbench Attic space with Velux window for potential future development (subject to necessary consents) School catchment area for Papdale Primary and Kirkwall Grammar School Extras Floor and window coverings, washing machine and shed are included in the sale price.
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
FAQ
About 2,, George Street, Kirkwall
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