Ferhome Estate Agents are delighted to present this exciting development opportunity. This main-door, three-bedroom split-level conversion boasts a large private garden and significant potential for renovation and value uplift.
Given the condition and the “cash buyers only” note, this property is very unlikely to be mortgageable in its current state.
Lenders typically require a property to be habitable, with:
A functional kitchen and bathroom
Safe electrics and plumbing
No major structural concerns
Since this one requires full renovation, most standard residential lenders would decline it.
However, there are a few routes:
Bridging finance – short-term loan to purchase and renovate, then refinance onto a mortgage
Specialist refurbishment mortgages – some niche lenders may consider it, depending on condition and survey
Cash purchase + refinance – buy outright, renovate, then remortgage once it meets lending criteria
Upon entry, you are welcomed by a spacious hallway. A staircase leads to the first level, which comprises a bathroom, a utility cupboard, and a generously sized double bedroom.
The upper level features a bright and spacious lounge, two further double bedrooms, and a kitchen.
Externally, the substantial private garden requires clearing but offers excellent potential, including the possibility of splitting the title deed and selling the land as a separate plot (subject to necessary permissions).
Centrally located on East King Street, the property enjoys open views over the nearby playing fields and benefits from a convenient setting.
Early viewing is highly recommended to fully appreciate the opportunity on offer.
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.
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