Located on one of the most prestigious streets in St Andrews, this substantial property presents an exceptional opportunity for both investment and redevelopment. With a rich history as the birthplace of golf's influential figure, Old Tom Morris, this home not only offers a prime location but also unique heritage. Currently configured as a five-bedroom House in Multiple Occupation (HMO), it is well-maintained yet possesses ample potential for refurbishment to either enhance its current rental capabilities or convert to a comfortable family residence.
The ground floor features a generously sized living room and an inviting kitchen/dining area that serves as the heart of the home, alongside a bedroom that can be transformed according to your needs. A utility room and shower room complement the space for practical shared living.
Upstairs, four naturally bright bedrooms are accompanied by another shower room, ensuring functional layouts throughout. While currently utilized as student accommodation with an annual yield approximating £40,500, there remains significant room for rental increase with strategic enhancements.
A notable asset is the expansive garden at the rear of the property, which provides additional outdoor space in such a central locale. Past discussions regarding development opportunities indicate potential for building a new dwelling in the garden area, subject to local authority permissions.
This property's central position in St Andrews ensures access to vital amenities including the University of St Andrews and vibrant local shops and eateries. Given its desirable characteristics and ongoing demand for housing in this historic town, it stands out as an attractive investment prospect.
