£10,000 Guide price

Nederdale, Shetland Islands, Scotland, ZE1 0SA

semi-detached for sale

Property Details

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 with 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.

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This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.

 

Sold price history for ZE1 in past 5 years

 

If a property value displays '0', don't worry it just means no properties have been sold in that area during that time.

Source acknowledgement: Contains data compiled by Registers of Scotland. For further information, please contact data@ros.gov.uk.

Registers of Scotland is a government body responsible for compiling and maintaining property registers. There can be a delay of up to 3 months from when a property is sold to being recorded with Registers of Scotland. We provide house price data for your information only, we do not accept any liability for any errors.

If you have noticed any incorrect information, please contact info@s1now.com.

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Property History

  • Property added on 8 October 2019
  • New price Guide price £10,000 as of 17 October 2019
    Was: Guide price £20,000
  • 3,221 Viewed this page
  • 3 People currently watching
 

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