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1 Nederdale, Lerwick, Shetland, ZE1 0SA - Image 1
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1 Nederdale, Lerwick, Shetland, ZE1 0SA

Scotland

£105,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
969 sqft

Description

This semi-detached three-bedroom property in Nederdale, Lerwick, offers a promising canvas for renovation enthusiasts or investors. The ground floor features an open-plan lounge/diner that provides a versatile space, complemented by a functional kitchen and a bathroom. Upstairs, you'll find three well-sized bedrooms with built-in storage options, alongside an additional bathroom. This home benefits from ample natural light through large windows and includes double-glazed units throughout. The outdoor areas comprise generous front and rear gardens, perfect for landscaping or extending the property. With its solid structure and favourable layout, 1 Nederdale stands as an attractive investment opportunity ripe for modernisation.

Investment Analysis

(ZE1 area)

Below Market Value

This property is priced -49.2% below area average per sq ft

-49.2%
Potential saving
This Property
£108/sq ft
Area Average
£213/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£227,143
10% above area average per sq ft
Potential ROI
+56.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
133%
Properties sold annually

Local Market Trend (ZE1)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 1.1%
5 year growth: 25.8%
Investment Disclaimer: Analysis based on ZE1 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

1 Nederdale, Lerwick, Shetland, ZE1 0SA
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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
£385
Based on a loan of £78,750 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