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Elgin Road, Lossiemouth IV31

Scotland

£240,000

Listed on 05/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1109 sqft

Description

This detached three-bedroom bungalow presents a unique opportunity for renovation in the sought-after coastal town of Lossiemouth. Nestled in a well-established residential area, the property is conveniently located within walking distance to local schools, shops, and beautiful beaches. Its generous layout accommodates family living or single-level comfort, making it ideal for a range of buyers. While the interior requires modernisation, the spacious rooms offer an excellent canvas to create your dream home tailored to personal preferences. The substantial gardens both at the front and rear provide ample space for landscaping or outdoor activities, complemented by practical features such as a private driveway and a double garage. With its prime location and significant potential for enhancement, this property stands out as a valuable investment in one of Moray's most desirable communities.

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Investment analysis

(IV31 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£216/sq ft
Area Average
£189/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£230,500
10% above area average per sq ft
Potential ROI
-20.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (IV31)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +8.4%
5 year growth: +22.4%
Investment Disclaimer: Analysis based on IV31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Elgin Road, Lossiemouth IV31
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 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.

Stamp duty calculator

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