Myrtle Crescent, Kirkcaldy, KY2
Scotland
£64,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
2Type
FlatArea
775 sqftFeatures
- Garden
Description
This two-bedroom flat in Kirkcaldy offers approximately 775 sq ft of accommodation arranged around an entrance vestibule and hallway, with built-in storage, a rear-facing lounge, kitchen, bathroom and two well-proportioned bedrooms. The lounge includes a wall-mounted gas fire and additional storage, while the kitchen has existing base and wall units, a sink and space for freestanding appliances.
The property requires modernisation, including replacement of the kitchen and a full bathroom update, as well as redecoration and upgrading to the other rooms. Its existing layout and room sizes provide scope to plan a refurbishment to suit the next owner's requirements. Grassed garden grounds provide outdoor space. The property has an EPC rating of E.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
72out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £64,000, this two-bedroom flat is a notably cheap entry point: its £83/sqf asking price is well below the local £178/sqf average. The rear-facing lounge, generous bedrooms and grassed garden give the project a useful foundation, while the worn finishes and stripped, patchy wall surfaces create scope to reshape and refresh the interiors. The kitchen needs full modernisation and the bathroom is also due for replacement, so there is room to make the home your own. The exterior appears generally intact, with no obvious major structural failure in the photographs.
The £30,000–£55,000 renovation range points to a substantial project rather than a cosmetic update. The calculated purchase-plus-midpoint-works figure is £106,500 against an implied current local average of £138,221; that comparison is not a renovated GDV and excludes fees and stamp duty.
Key opportunities
- Use the spacious two-bedroom layout and rear-facing lounge as a blank canvas for a coherent modern interior.
- Replace the dated kitchen and bathroom with finishes and fittings tailored to the next owner.
- Make use of the grassed garden, established shrubs and timber shed as useful outdoor space.
Key risks
- Stripped and damaged wall finishes, worn or absent flooring, and full kitchen and bathroom modernisation make this a substantial programme; allow for the £30,000–£55,000 works range rather than budgeting for a cosmetic refresh.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£242
Based on a loan of £48,000 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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