No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£110,000
Added > 14 days

3 bedroom house for sale

Portfolio Of Tenanted Properties, Park Road, Elgin, Moray, IV30 8PJ
Auction
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House
3 bed
0 bath

Key information

Tenure: Ask agent
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

Outstanding investment opportunity. Portfolio of 4 bungalows in popular residential location, close to local schooling and shops in the historic town of Elgin.

The portfolio comprises 3 tenanted properties- commanding an immediate rental income of £1,100 per month (£13,200 per year) and an additional derelict bungalow offering potential for development.

Realistic combined value of £180,000 with the 3 tenanted properties independently valued at £50,000 each in current condition and a value of at least £30,000 on the 4th property.

20 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.

22 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.

24 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom detached bungalow sold with settled long-term tenant paying £400 per month (£4,800 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom.

Included in the sale is an excellent development opportunity. A forth bungalow/ commercial property offering the opportunity for full re-development. The area is currently designated as garden ground but redevelopment will be encouraged by the local authority.

Potential for bungalow or for flats with new development strongly encouraged by the local authority (subject to necessary consents).

The historic town (and former city) Elgin is the largest town and administrative centre of the Moray region in Scotland's North East with a resident population of 25,000 and offers excellent access to the larger cities of Aberdeen and Inverness.

Note to buyer- This property will be sold under auction terms and conditions.

Contact Braveheart Auctions for further information and discuss the possibility of a pre-auction offer.

Places of interest

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    *DISCLAIMER

    Property reference 45FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions - Elgin.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on June 17, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.