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27 King Street, New Elgin

Scotland

£98,000
Listed on 14/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
742 sqft

Description

This two-bedroom terraced house offers a blend of charm and potential in a well-established neighborhood of New Elgin. Set back from the street, it features a welcoming porch that leads into an entry hallway, connecting you to the lounge and inviting spaces for relaxation or entertaining. The ground floor includes a functional kitchen and a shower room, though both areas present opportunities for enhancement and modernization. With thoughtful updates, these spaces could be transformed to better suit contemporary living standards. The property's location is notable, situated within a friendly community that provides easy access to local amenities such as shops, schools, and parks. This accessibility contributes to everyday convenience, making it an appealing option for families or individuals who value their surroundings. While the home is currently in need of some renovation, this presents an ideal opportunity for personal customization and investment. Whether you're looking to create your dream first home or seeking a project with great potential for future value growth, this property stands out. The upper level hosts two bedrooms, both offering cozy accommodations with ample natural light. The larger bedroom features built-in storage solutions, while the second bedroom benefits from additional loft space accessibility. Outside, the property offers sizeable garden grounds with established shrubs and paved areas perfect for outdoor gatherings. There's also potential for off-street parking subject to some landscaping adjustments. In summary, this terraced house not only provides comfortable living but also serves as an excellent canvas for renovation and investment opportunities in a desirable area of New Elgin.

Investment Analysis

(IV30 area)

Below Market Value

This property is priced -30.2% below area average per sq ft

-30.2%
Potential saving
This Property
£132/sq ft
Area Average
£189/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£154,547
10% above area average per sq ft
Potential ROI
+20.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (IV30)

Area prices are rising by +7.4% over the last 12 months
3 year growth: 19.7%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on IV30 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

27 King Street, New Elgin
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£359
Based on a loan of £73,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE