1-bedroom flat · IV2 7WY
Listing removedReduced £5k (−5.6%) on 20 JunListed 448 days
Opportunity summary
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About
***£5,000 below valuation*** An excellent opportunity to purchase a ground floor, one-bedroom flat in the established Smithton area on the East side of Inverness offering a fantastic first-time buy or investment opportunity with well-proportioned rooms and a convenient location.
With its own private entrance which leads to the accommodation comprising the entrance vestibule, comfortable lounge, kitchen, one double bedroom and the bathroom completes the accommodation.
This property also benefits from electric storage heating and double glazing throughout.
There is a private outdoor space directly outside the external door of the property with communal grassy surroundings as well as one allocated parking space within a large car park with ample space for residents and visitors.
Although in need of upgrading and modernisation, this property will appeal to a range of potential purchasers and early viewing is advised.
Accommodation Entrance Vestibule (1.72 x 0.90 (5'7" x 2'11")) External door, storage cupboard housing fuse box and access to lounge.
Lounge (5.95 to 4.02 x 2.93 (19'6" to 13'2" x 9'7")) Bright and comfortable lounge with rear window and access to kitchen, bedroom and bathroom.
Kitchen (2.90 x 1.84 (9'6" x 6'0")) Wall and base mounted cabinets, worktop space with tiled splash back and stainless steel sink and draining board.
Space for white goods and integrated electric hob, oven & grill and extractor fan. Water heater controls.
Bedroom (2.91 x 3.01 to 2.67 (9'6" x 9'10" to 8'9")) Double bedroom with fitted double wardrobe and side facing window.
Bathroom (2.82 x 1.69 (9'3" x 5'6")) Shower over bath, wash hand basin, WC, extractor fan and storage cupboard housing water tank.
Entrance/Common Green Flat Outline Parking Large carpark with allocated parking space as well as ample visitor parking.
Extras Fitted floor coverings, light fittings, integrated appliances and white goods are to be included in the sales price. Services The subjects benefit from mains electricity and water.
Drainage is by way of public sewer. Phone line and broadband connectivity available. Epc Band EPC Band C. Council Tax Band The current council tax is Band B.
Please be aware that this may be subject to change upon sale. Viewings By arrangement through the South Forrest Property department on or . Hspc Reference 61567.
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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About 124, Murray Terrace, Smithton
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