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Dunwilla 7 Cumming Street, Forres, IV36 1NS
Exciting renovation opportunity: A detached three-bedroom home in Forres, offered at £50,000 below the Home Report value to reflect the level of updating and remedial works required. This is well suited to buyers seeking a renovation project. Any structural movement relates solely to the extension. For buyers information, a structural engineers
Street Address
Dunwilla 7 Cumming Street, Forres, IV36 1NS
Price
OIRO
£190,000
Property Type
Detached house
Property Reference
MFL0250836
What3Words:
Map Directions
An excellent opportunity to acquire a detached three-bedroom home in a well-established area of Forres, offering fantastic potential to create a superb family home. While the property would benefit from a programme of upgrading and refurbishment, it presents an exciting prospect for buyers looking to add value and personalise a spacious home in a sought-after location.
The accommodation currently comprises an entrance vestibule, lounge, kitchen/diner, dining room, ground floor bedroom and shower room, with a bathroom on the half landing and two further bedrooms on the first floor, offering a flexible layout to suit a variety of needs.
The property requires modernisation throughout and prospective purchasers should be aware that works are also required to the rear extension. In the interests of complete transparency, the sellers commissioned an independent structural engineers report, which confirms that the original villa is generally in good condition for a property of its age, with the main structure performing as expected. The report concludes that the movement identified relates to the extension only, where evidence of settlement has resulted in cracking and some floor deflection. The engineer recommends further investigation to determine the most appropriate remedial solution before works are undertaken.
The property has been assessed as mortgageable, although a £30,000 retention has been applied to reflect the works required to the extension. The Home Report valuation is £240,000, subject to the recommended remedial works being completed, with a current lending value of £210,000 reflecting the retention.
Recognising the scope of works required, the sellers have priced the property competitively and are inviting offers over £190,000 from launch. This represents excellent value, sitting £50,000 below the full Home Report valuation, allowing purchasers the opportunity to undertake the recommended improvements and create a substantial family home with significant future potential.
Opportunities such as this are seldom available in such a convenient location. For buyers seeking a rewarding refurbishment project, this property offers the chance to enhance an attractive detached home while benefiting from the reassurance that the original house has been confirmed by the structural engineer to be performing as expected.
STRUCTURAL ENGINEERS REPORT AVAILABLE ALONGSIDE THE HOME REPORT
Electricity Supply: Scottish and Southern Electricity Networks
Water Supply: Scottish Water
Sewerage: Scottish Water
Broadband / Mobile Coverage: Limited 3G, 4G and 5G.
The accommodation currently comprises an entrance vestibule, lounge, kitchen/diner, dining room, ground floor bedroom and shower room, with a bathroom on the half landing and two further bedrooms on the first floor, offering a flexible layout to suit a variety of needs.
The property requires modernisation throughout and prospective purchasers should be aware that works are also required to the rear extension. In the interests of complete transparency, the sellers commissioned an independent structural engineers report, which confirms that the original villa is generally in good condition for a property of its age, with the main structure performing as expected. The report concludes that the movement identified relates to the extension only, where evidence of settlement has resulted in cracking and some floor deflection. The engineer recommends further investigation to determine the most appropriate remedial solution before works are undertaken.
The property has been assessed as mortgageable, although a £30,000 retention has been applied to reflect the works required to the extension. The Home Report valuation is £240,000, subject to the recommended remedial works being completed, with a current lending value of £210,000 reflecting the retention.
Recognising the scope of works required, the sellers have priced the property competitively and are inviting offers over £190,000 from launch. This represents excellent value, sitting £50,000 below the full Home Report valuation, allowing purchasers the opportunity to undertake the recommended improvements and create a substantial family home with significant future potential.
Opportunities such as this are seldom available in such a convenient location. For buyers seeking a rewarding refurbishment project, this property offers the chance to enhance an attractive detached home while benefiting from the reassurance that the original house has been confirmed by the structural engineer to be performing as expected.
STRUCTURAL ENGINEERS REPORT AVAILABLE ALONGSIDE THE HOME REPORT
Electricity Supply: Scottish and Southern Electricity Networks
Water Supply: Scottish Water
Sewerage: Scottish Water
Broadband / Mobile Coverage: Limited 3G, 4G and 5G.
The description of properties on the website do not form part of any offer and all statements and photographs are for illustrative purposes only and not guaranteed. Buyers must satisfy themselves on the accuracy and authenticity of each property listed.