We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · ZE1 0JT
Listing removedListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reference - KA0673 Welcome to 8b St Magnus Street Introducing 8b St Magnus Street, a well-presented two-bedroom first-floor flat situated in Lerwick.
This comfortable, well-kept flat benefits from its own private access and occupies a sought-after location in Shetland’s capital.
The accommodation comprises a well-proportioned open-plan kitchen/lounge, two bedrooms, a shower room, a private stairwell, a large storage cupboard beneath the stairs and double-glazed windows throughout.
Externally, the flat includes shared drying green to the rear, a generously sized chipped garden with mature shrubbery in front of the dwelling and on-street parking.
8b St Magnus Street offers a perfect opportunity for first time buyers and investors. Location The home is ideally situated on St Magnus Street, a historic area in central Lerwick.
St Magnus Street is just a short walk from the Viking Bus Station, providing transport links across Shetland.
Local schools are within easy reach, including Bell’s Brae Primary School and Anderson High School.
The property is also close to amenities such as Mareel, the Toll Clock Shopping Centre, Clickimin Leisure Complex and Tesco.
Accommodation Upon entering the accommodation through the flat’s private entrance and ascending the stairwell, the open-plan kitchen/lounge is situated to the left.
The lounge provides ample floor space to accommodate furnishings and features built-in wall shelving, wall-mounted lighting and a coffered ceiling.
The kitchen is fitted with a range of wall- and base-mounted units, a practical worktop and appliances, including an oven and washing machine.
The home provides two well-presented bedrooms, both featuring excellently proportioned windows that allow plenty of natural light to enter.
The flat is complete with a well-equipped shower room featuring a shower cubicle, W.C. Hand basin and a velux window, generous additional storage and double-glazed windows throughout.
External Features Externally, the flat includes a generously sized chipped garden with mature shrubbery in front of the dwelling, a shared drying green to the rear.
Early viewing is highly recommended.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About 8b, St. Magnus Street, Lerwick
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