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31 Murchison Street, Wick

Scotland

£80,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached three-bedroom villa presents a promising opportunity for renovation, situated in the established residential area of Wick. The property is well-sized and offers a flexible layout that would be appealing to first-time buyers, growing families, or investors looking for a buy-to-let project. While it currently requires some modern updates, it features double-glazed windows and gas central heating, which are advantageous for energy efficiency. The ground floor layout includes an entrance hall leading into a spacious lounge, a bedroom with fitted storage, and a kitchen/breakfast room equipped with essential fixtures. The first floor comprises two further double bedrooms with storage options and a family bathroom that includes basic facilities but shows signs of age. Externally, the property benefits from landscaped gardens alongside a paved driveway capable of accommodating multiple vehicles. The location is conveniently close to local amenities such as supermarkets, schools, and recreational facilities, making it an ideal base for family life or rental opportunities once renovated.

Investment Analysis

(KW1 area)
Area Average
£109/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (KW1)

Area prices are rising by +6.6% over the last 12 months
3 year growth: 16.4%
5 year growth: 23.1%
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

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£293
Based on a loan of £60,000 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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