11 Faraclett, Kirkwall
Featured Property of the Week:
Price over £75,000
11 Faraclett is a one-bedroom property which stands in good decorative order and would be ideally suited to a first-time buyer or as an investment for a long-term let or as self-catering accommodation. Overlooking grass fields and a park, the property is situated in a quiet cul-de-sac as part of a residential area. On your doorstep are Papdale Primary School, Kirkwall Grammar School and other local amenities, with the town centre within a short walking distance. The property features wooden double-glazed windows and doors which have been well looked after. There are electric storage heaters fitted, which retain the property at a warm and cosy temperature with minimum expense. Fresh and neutral décor gives the potential buyer a chance to decorate as they please and keeps the house light and airy throughout. The kitchen is fitted with integral floor and wall units, large worktop area, new vinyl flooring and plumbing for washing machine. The living room has a door leading to the back garden area, which is low maintenance and incorporates the garden shed. The double bedroom has fitted wardrobes/cupboards. The bathroom is fitted with a powerful electric shower over the bath. Off the hallway is a good-sized store cupboard with fitted shelves and access to the attic. Parking is available on your doorstep, with garages close by which can be rented by agreement from OIC.
11 Faraclett has been long-term let for the past few years, turning a healthy profit. As the property is in walk-in condition, the potential buyer would have minimum expense before seeing a return on investment. Previous figures, when long-term let, show an annual gross income of £5,200. If purchased at the home report valuation price, this would offer around 7% gross return. Another option for this fantastic one-bedroom house would be self-catering, with this being a growing market in Orkney. This could offer a fantastic opportunity for potential buyers. Finally, having lived in the property ourselves we know this is a comfortable, cosy house which would make a first-time buyer a lovely home.
We would love to welcome viewings, which would be highly recommended, and our priority will be to show all aspects of this wonderful house at your convenience.
EPC Band D.
Home Report, EPC, Property Questionnaire available on request.
Emma Laird 07796 322908; Sam Caithness 07540 231393; Home phone 01856 872663.