2-bedroom flat · KW1 4NS
Listing removedListed 71 days
Opportunity summary
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About
A two bedroomed, first floor flat which benefits from a sizeable garden, electric heating and double glazed windows.
Property Located in the town of Wick just a short walk from the town centre, 58 Louisburgh Street is a pleasing, two bedroomed first floor flat with excellent garden grounds, and will suit a variety of potential purchasers including first time buyers, young professionals or those looking for a property with great rental potential.
Offering comfortable and spacious accommodation that boasts electric heating, double glazed windows, and good storage, early viewing is highly recommended to fully appreciate the location and the size of the residence within.
The property boasts it’s own independent access and comprises an entrance stairwell that leads to the first floor accommodation and opens onto the hallway.
From here, there two double bedrooms, a bright and spacious lounge with feature open fire set within a tiled surround, a bathroom and a kitchen.
The kitchen is fitted with wall and base mounted units with worktops and tiled splashbacks, and has a sink with mixer tap and drainer.
There is space for a small fridge-freezer, a useful storage cupboard, and included in the sale is the washing machine and an electric cooker.
Completing the home is the family bathroom, which is fitted with a wash hand basin, WC and a bath with tiling.
Storage is provided by a large cupboard in the hallway, and in the principal bedroom Externally, the property has its own well-kept gardens with the front being laid to lawn, and having a decorative flower border.
The side and rear elevation is fully enclosed by walling, fencing and mature trees, is predominantly laid to lawn with section gravel, and raised flower beds, which add a pop of colour to an already attractive garden.
There is also a well positioned decking area to enjoy a spot of al-fresco dining and sunshine while enjoying the pleasant outlook. Sited here and included in the sale are three timber sheds.
The Royal Burgh of Wick is the most northerly town on the East Coast of Caithness and is on 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 Stairwell Hallway Bedroom Two (approx 3.18m x 3.21m (approx 10'5" x 10'6")) Bathroom (approx 1.82m x 2.45m (at widest point) (approx 5'1) Kitchen (approx 3.12m x 3.29m (approx 10'2" x 10'9")) Lounge (approx 3.72m x 4.36m (at widest point) (approx 12') Bedroom One (approx 3.18m x 3.21m (approx 10'5" x 10'6")) Services Mains electricity, water, and drainage.
Extras All carpets, fitted floor coverings, curtains and blinds. An electric cooker and a washing machine. Heating Electric heating. Glazing Double glazed windows throughout.
Council Tax Band A Viewing Strictly by appointment via Munro & Noble Property Shop Entry By mutual agreement.
Home Report Home Report Valuation - £62,000 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.
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FAQ
About 58, Louisburgh Street, Wick
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