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5 Lennox Place, Portgordon, Buckie, AB56 5RY

Scotland

£174,995
Listed on 15/02/2024

Property Details

Bedrooms
6
Type
Semi-detached house
Area
3025 sqft

Description

Number 5 Lennox Place, formerly known as 'The Lennox Pub,' presents a unique investment opportunity situated on the picturesque Moray Coast. Once a lively hub for locals and visitors alike, this property is now available for cash buyers looking to breathe new life into a well-positioned establishment. The two-storey building features substantial living spaces, including six bedrooms, a lounge area, and a spacious dining kitchen, alongside essential washroom facilities. While the interiors require modernization and upgrades, the existing layout holds significant potential for transformation. The premises include a traditional public bar with ample seating along with an extensive lounge bar that could easily accommodate various leisure activities such as dancing and games. With appropriate licensing and renovations, this space could resume its original function as a pub or be repurposed into a thriving bed and breakfast, capitalizing on the increasing property demand along the Moray Coast. Additionally, the south-facing courtyard offers outdoor space that could enhance guest experiences. Overall, this property stands out not only for its historical significance but also for its development potential in a sought-after seaside location.

Investment Analysis

(AB56 area)

Below Market Value

This property is priced -63.9% below area average per sq ft

-63.9%
Potential saving
This Property
£58/sq ft
Area Average
£160/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£533,565
10% above area average per sq ft
Potential ROI
+101.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
94%
Properties sold annually

Local Market Trend (AB56)

Area prices are rising by +6.8% over the last 12 months
3 year growth: +6.8%
5 year growth: +20.8%
Investment Disclaimer: Analysis based on AB56 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

5 Lennox Place, Portgordon, Buckie, AB56 5RY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£631
Based on a loan of £131,246 over 30 years at 4.06% 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.

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