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31 Murchison Street, Wick

Scotland

£70,000

Listed on 16/07/2026

Property details

Bedrooms
3
Type
Semi Detached House
Area
1001 sqft

Description

This three-bedroom semi-detached villa offers a canvas for renovation and investment, presenting an ideal opportunity for first-time buyers, young families, or buy-to-let investors. While the home is equipped with gas central heating and double-glazed windows, it requires modernisation to unlock its full potential. The layout includes a welcoming entrance hall leading into a spacious lounge, a bedroom with fitted storage, and a kitchen/breakfast room that has space for modern appliances. The first floor features two further double bedrooms and a family bathroom, which is partially tiled and includes essential fittings. Outside, you will find gardens at the front and rear, along with a paved driveway that can accommodate multiple vehicles. Given the property's established location in Wick—known for its local amenities and leisure opportunities—this home could be transformed into a desirable residence with some thoughtful updates.

Investment analysis

(KW1 area)

Below Market Value

This property is priced -38.6% below area average per sq ft

-38.6%
Potential saving
This Property
£70/sq ft
Area Average
£114/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£125,360
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (KW1)

Area prices are stable by -0.9% over the last 12 months
3 year growth: +6.3%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on KW1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

31 Murchison Street, Wick
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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