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Scotland
£90,000
Listed on 24/08/2026
Listed on 24/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
3 Elgin Place offers a spacious two-bedroom terraced house that presents a solid opportunity for anyone looking to refurbish and modernise. The asking price of £90,000 is notably cheap at £133/sqf compared to the local average of £174/sqf, making it an attractive acquisition for buyers willing to invest in improvements. The property boasts well-proportioned rooms, including a generous lounge and two decent-sized bedrooms, as well as substantial garden space that could be transformed into an inviting outdoor area.
However, while the price is appealing, the economics are less favourable. With an estimated all-in cost of £150,000 when factoring in the renovation range of £40,000 to £80,000, the total investment would exceed the implied local average value of £117,769, resulting in a stretched margin. This is an important consideration for potential buyers as the renovation budget will need to be carefully managed to ensure a viable return on investment. Nonetheless, the property’s location in a convenient residential area of Coatbridge, along with its potential for aesthetic enhancement, offers a canvas for the right buyer to create a comfortable, modern home.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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