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Property Listing Details

Property details

Features

  • Freehold
  • No internal viewings
  • Exciting Development Opportunity
  • Attractive Guide Price
  • Potential To Add Significant Value
  • Resale Or Rental Outcomes
  • Potential Rental Value £550pcm At lha Rates / £6,600pa

Listing view statistics

Last 30 days: 462 page views

Since listed: 462 page views

Description

Development opportunity

The property is a semi-detached villa located in Lerwick, the main town and port of the Shetland Islands. The property is deemed to be a dangerous structure and legal notices were served a number of years ago without remedial action. As such, no internal inspection is available but is believed to be at least two, possibly three, bedrooms and is likely to have at least living room, kitchen and bathroom. The external render requires urgent attention and the property is also believed to be in need of a full programme of refurbishment internally, hence the highly competitive Guide Price. This property offers an exciting opportunity to add significant value through a programme of works to produce attractive retained equity for rental or profit if for resale. Projects of this type always attract high levels of demand and early expression of interest is recommended.

No internal viewings

Exciting development opportunity

Attractive guide price

Potential to add significant value

Resale or rental outcomes

Potential rental value £550pcm at lha rates / £6,600pa

Area

Lerwick is the main town and port of the Shetland Islands and offers a range of retail and leisure services. The port is busy wish fishing and ferry vessels, and the harbour also services vessels supporting the offshore oil industry. Three schools serve the area and further education is provided by Shetland College in partnership with University of the Highlands and Islands. Two airports are within reach and there is an overnight ferry service linking Shetland to Orkney and Aberdeen.

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.

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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.

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You could get

Superfast broadband Superfast broadband

Up to 77.4 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Lerwick Shetland Esplanade Ferry Terminal 1.1 miles
  • Lerwick Shetland Hays Dock Ferry Terminal 1.1 miles
  • Sound Primary School 0.1 miles
  • Anderson High School 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Lerwick Shetland Esplanade Ferry Terminal 1.1 miles
  • Lerwick Shetland Hays Dock Ferry Terminal 1.1 miles
  • Sound Primary School 0.1 miles
  • Anderson High School 0.5 miles

Market stats

Sale activity

Average estimated value for a house in ZE1:

  • £164,673
  • Price increase

  • £6,193
  • (3.908%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £154,853
  • Properties sold

    14

Rental opportunities

Not known

Recent sales nearby

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The Agent

Price history

Sold prices provided by Land Registry
17th Oct 2019 £10,000 Price reduced by £10,000
8th Oct 2019 £20,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Auction House Scotland. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Scotland for full details and further information.