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King Street, Elgin IV30

Scotland

£240,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
915 sqft

Description

This property, built around 1850 with a later extension, presents an intriguing opportunity for renovation and investment. Featuring three bedrooms and spacious living areas, it combines historical charm with potential for modernization. Upon entering, the solid wooden arched doorway leads into a welcoming vestibule that transitions into a hallway. The ground floor is designed for comfortable living, comprising a lounge, kitchen, dining room, and a convenient shower room. The lounge is particularly inviting, boasting dual-aspect windows that invite ample natural light and offer lovely views of the front garden; it retains original features like a painted brick fireplace. The kitchen is functional but could benefit from updates to maximize its use of space. With existing wall-mounted and base units alongside opportunities for new appliances, it provides a blank canvas for customization. Adjacent to the kitchen is the dining room—a versatile space that could easily serve as an additional bedroom if required. On the upper floor, three bedrooms provide sleeping quarters with varying dimensions suitable for both families and guests. Each room offers built-in storage options and views through secondary-glazed windows. Outside, the property includes extensive enclosed garden grounds that form an inviting outdoor sanctuary. The gardens are predominantly laid to lawn with mature flower beds and shrubs, providing potential for further landscaping or gardening projects. There are two garages on-site—one attached to the house and another detached at the rear—offering ample storage or workshop possibilities. Located centrally near Elgin Cathedral, this property benefits from easy access to local amenities while still providing a sense of privacy within its garden confines. Given the renovation potential throughout both inside and outside spaces, this home is likely to attract buyers looking to create something truly unique in a sought-after location.

Investment Analysis

(IV30 area)

Above Market Value

This property is priced +40.4% above area average per sq ft

+40.4%
This Property
£262/sq ft
Area Average
£187/sq ft

Renovation Potential

Est. Renovation Cost
£24,000 - £60,000
10-25% of property value
Target Value
£188,014
10% above area average per sq ft
Potential ROI
-37.3%
After renovation
Monthly Sales
60
Average per month
Market Turnover
88%
Properties sold annually

Local Market Trend (IV30)

Area prices are rising by +5.4% over the last 12 months
3 year growth: 15.8%
5 year growth: 23.9%
Investment Disclaimer: Analysis based on IV30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

King Street, Elgin IV30
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