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Elgin Place, Coatbridge, ML5

Scotland

£90,000

Listed on 24/08/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
678 sqft

Description

3 Elgin Place is a spacious two-bedroom mid-terraced home, presenting an excellent opportunity for buyers looking to refurbish and modernise a property according to their preferences. The well-proportioned accommodation includes generous private garden space at both the front and rear, along with nearby residents’ off-road parking. Entering through steps from the front garden, the reception hall grants access to the principal ground floor areas. The lounge is particularly spacious, extending approximately 18'1" in length, with windows that provide natural light from multiple aspects and ample room for various freestanding furniture. The kitchen, located at the rear, measures about 11'6" x 7'9". Although it requires upgrading, it offers a good-sized footprint for a modern fitted kitchen and direct access to the rear garden. On the first floor, there are two well-sized double bedrooms. Bedroom one extends to approximately 15'6" in length, while the second bedroom measures around 12'3" x 9'3". A bathroom and additional storage complete the upper level. This property requires a programme of refurbishment and upgrading, providing clear potential for the new owner to enhance the accommodation and add value. The existing proportions and straightforward two-storey layout offer a practical foundation for creating a comfortable modern home. Externally, one of the standout features is the substantial outdoor space available. The private gardens at both the front and rear are predominantly laid to lawn, allowing for landscaping, seating, or other improvements. Residents’ off-road parking is also accessible within the development. Located in an established residential area of Coatbridge, Elgin Place is convenient for everyday amenities, schools, and public transport. Whifflet railway station is approximately half a mile away, providing an excellent option for commuters. A variety of supermarkets, shops, and other facilities are available throughout Coatbridge. The location is also well-situated for road travel across the Central Belt, with the A725 offering connections to the M8 and M73 motorway network, making Glasgow and surrounding Lanarkshire towns easily accessible by car. Overall, 3 Elgin Place represents an attractive opportunity for first-time buyers, investors, or those seeking a refurbishment project, combining generous accommodation and substantial garden space with a well-connected location in Coatbridge.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

51out of 100
Grade DWeak opportunity

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.

Key opportunities

  • Generous garden space with potential for landscaping and outdoor improvements.
  • Well-proportioned rooms provide a good foundation for modernisation.
  • Opportunity to create a comfortable home to personal specifications.

Key risks

  • Overall costs, including renovations, could exceed local value benchmarks, leading to a stretched budget.
  • Factor in roughly £150,000 all-in — £60,000 of works on top of the asking price — roughly 21% above what comparable floor area achieves locally in current condition; we have not assumed a post-renovation resale figure.

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Map

Location

Elgin Place, Coatbridge, ML5
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% 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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