A three-bedroom semi-detached house in the village of Back, approximately five miles northeast of Stornoway on the beautiful Isle of Lewis, is going under the hammer at auction next month.
Up for sale with Scottish property auctioneers, Auction House Scotland, at a starting bid of just £75,000, 6 Broadbay View has huge potential to be a renovation project for someone looking for a home in the Highlands, but there is an unusual catch.
The spacious three-bedroom semi-detached property is over two levels, and the lounge appears to have once been home to a horse.
The rest of the ground floor comprises dining kitchen, bathroom and rear porch on the lower level, with the upper level offering three bedrooms. Further features include garden areas to three sides and an oil-fired central heating system.
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.
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.
If you fancied renting it out, you could achieve a minimum rental income after renovations of over £8,317 per annum, although the strong current rental market suggests a higher price. Completion of works could result in a fabulous family home for an owner/occupier, or an ideal long-term rental or even AirBnB.
6 Broadbay View is due to go under the hammer at Auction House Scotland’s in-room and live stream auction at 2pm on Thursday October 10 at The Radisson Red Hotel in Glasgow.
Bidders can come along to watch and bid in room or online, whilst telephone and proxy bidding is also available if potential buyers are unable to come along or get online. All bidders are required to register to bid before participating.
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