dealsourcr
  • Features
  • Pricing
  • Login
LoginTry for Free
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌
dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Market Research ⭐️Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
My Account

This property was removed from Dealsourcr.

3 Bed Terraced House, Cash/Bridging Only, Inverness, IV2 4JD £30,000

Evan Barron Road, Inverness, Inverness-Shire, IV2 4JD - 26 views - a year ago
  1. Deal Search
  2. Inverness
  3. IV2
  4. IV2 4JD
Sold STC
Auction
Negative Equity
ROI: 30%
~93 m²

ValuationUndervalued

This may not be accurate, please check manually.

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Links

  • More Deals in Inverness
  • More Deals in IV2
  • More Negative Equity Deals
  • More Negative Equity Deals in Inverness
  • More Negative Equity Deals in IV2

Property History

Price changed to £30,000

January 3, 2025

Listed for £50,000

-70%

December 9, 2024

Sold for £85,000

2005

Floor Plans

Description

  • Fantastic development opportunity +
  • Add massive value through works +
  • Strong rental demand area +
  • Create a fabulous family home +

End terrace development property
New to auction is this fantastic end-terraced development property conveniently located in a popular residential area just two miles south of Inverness city centre. The property has been severely affected by fire/water damage and is unsafe for internal inspection, as well as being uninhabitable with no Home Report available. Access has been limited to the ground floor only, but similar properties comprise lounge and kitchen on the ground floor, with the upper level offering three bedrooms and bathroom. An extensive programme of works is required, but with local comparables suggesting a post works value in excess of £140,000, allied with a keenly positioned Guide Price, this presents an outstanding opportunity to add massive value and create a fabulous family home, whether for rental or resale. On completion of works, published LHA figures offer rental returns of £8317 per annum, with the strong rental market suggesting that stronger rental income could be achieved. We expect strong levels of demand for this one, and early expression of interest is essential.
UNINHABITABLE AND UNSAFE FOR INTERNAL VIEWING

Unsafe properties
Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

Evan Barron Road lies just two miles south of Inverness city centre. The city of Inverness, surrounded by stunning natural landscapes, sits at the mouth of the River Ness, flowing from the famous Loch Ness. Excellent retail and leisure options are on offer in the city, and the area enjoys strong levels of tourist demand, due to the scenery, rich history and, of course, the legendary Loch Ness Monster. The city is a hub for renewable energy projects, which further strengthens the local economy. Education at all levels is available locally, and the city is well-connected by both road and rail, with air travel offered through Inverness Airport. Inverness is situated at the mouth of the River Ness, which flows from the famous Loch Ness. The city is surrounded by stunning natural landscapes, including mountains, forests, and the Moray Firth, known for its dolphin population.

PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.

Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.

Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.

Agent Details

Auction House Scotland, Paisley

0141 673 7275

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

Cashflows

This may not be accurate, please check manually.

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌