Refurbishment opportunity!

New to auction is this fantastic refurbishment opportunity in the village of Back, approximately five miles north east of Stornoway on the beautiful Isle of Lewis. This spacious three bedroom semi-detached property is over two levels and comprises, on the entry level, lounge, dining kitchen, bathroom and rear porch, with the upper level offering three bedrooms. Further features include garden areas to three sides and oil fired central heating system. Buyers should note that the construction type is advised as Swedish Timber Frame which may limit the number of potential lenders. A full programme of works is required both internally and externally, which presents an outstanding opportunity to add significant value to the already discounted Guide Price which offers a huge 21% discount against the £95,000 Home Report valuation. Rental investors will be attracted to the post works rental potential of £8317 p.a. (published LHA figures) which could be further enhanced by the currently strong rental market. Completion of works could result in a fabulous family home, whether for rental, resale or owner/occupier. Early viewing is essential to fully appreciate the full value on offer. Council Tax Band B.

Tenure

Freehold

Area

The village of Back is situated on the picturesque east coast of the Isle of Lewis and is steeped in Scottish Gaelic culture. A modest range of local facilities are available, including primary schooling, post office/shop and local community hall, with a wider choice on offer in nearby Stornoway. Outdoor enthusiasts will be drawn to the wide variety of activities on offer including scenic walking/cycling routes and fishing options.

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Western Isles Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.