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Nicol Street, Elgin IV30

Scotland

£170,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
Detached

Description

This three-bedroom detached house situated in the desirable New Elgin area presents a significant opportunity for renovation and investment. The property features two reception rooms, a kitchen, utility room, and shower room, along with a spacious garden that includes various outbuildings and a garage. While the interior requires comprehensive upgrades throughout, the layout offers excellent potential to create a comfortable family home tailored to modern living. New Elgin is renowned for its tranquil residential setting while being conveniently located just minutes from Elgin's city centre. The area boasts essential amenities such as healthcare facilities, childcare options, shopping venues, and access to educational institutions including Moray College. The town itself is the administrative hub of Moray with rich local culture and community facilities. The property consists of accommodation spread over two floors. Key features include double glazing and gas central heating. Early viewing is advisable to truly appreciate the size and potential this home offers. Internally, the entrance hallway opens to a staircase leading to upper levels with storage options underfoot. The main living areas include a front-facing living room with a tiled fireplace and a versatile rear room that can function as either an additional reception space or bedroom. Upstairs are two double bedrooms featuring coombed ceilings that can be redecorated to create inviting private spaces. The utility room provides direct access to the expansive yet overgrown garden which holds potential for landscaping or development – whether it be enhancing existing features or perhaps extending the house itself into what could become an attractive outdoor lifestyle space. With its combination of location and renovation potential, this property stands out as an enticing prospect for buyers looking to invest in their future.

Investment Analysis

(IV30 area)
Area Average
£191/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (IV30)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +12.5%
5 year growth: +20.3%
Investment Disclaimer: Analysis based on IV30 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

Nicol Street, Elgin IV30
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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
£642
Based on a loan of £127,500 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.

Stamp Duty Calculator

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