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Tregarne, King Street, Elgin, Moray, IV30 1HU - Image 1
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Tregarne, King Street, Elgin, Moray, IV30 1HU - Image 11

Tregarne, King Street, Elgin, Moray, IV30 1HU

Scotland

£235,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
915 sqft

Description

This property, built around 1850 and later extended, presents a compelling opportunity for renovation and investment in Elgin. The accommodation comprises three bedrooms and versatile living spaces that can easily adapt to modern needs. On the ground floor, you'll find an entrance vestibule leading to a hallway, spacious lounge, kitchen, dining room, and a convenient shower room. The lounge benefits from dual-aspect windows and a charming bay window that invites ample natural light. It features a painted brick fire surround and built-in shelving, adding character to the space. The adjoining kitchen is functional but could benefit from updates to fully realize its potential; it has room for essential appliances and is equipped with a gas boiler. The dining room offers flexibility as it can also serve as an additional bedroom or home office, depending on your needs. Upstairs, the three bedrooms provide comfortable accommodations, with one enjoying views of the nearby cathedral. Externally, the property boasts delightful enclosed garden grounds that include well-maintained flower beds and shrubs, as well as two garages and driveway access. This outdoor space not only enhances the property's appeal but also offers additional possibilities for landscaping or outdoor entertainment areas. Located centrally near Elgin Cathedral, this property is positioned within easy reach of local amenities while maintaining a sense of privacy. The potential for modernization throughout suggests that with thoughtful renovations, this home could significantly increase its value over time. Whether you are looking to invest or occupy, this property’s unique character combined with its scope for improvement makes it a noteworthy prospect in today’s market. Viewing is recommended to fully appreciate what this home has to offer.

Investment Analysis

(IV30 area)

Above Market Value

This property is priced +35.6% above area average per sq ft

+35.6%
This Property
£257/sq ft
Area Average
£189/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£190,581
10% above area average per sq ft
Potential ROI
-29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Tregarne, King Street, Elgin, Moray, IV30 1HU
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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
£861
Based on a loan of £176,250 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