Commercial Street, Lerwick, Shetland, ZE1 0EX
EX

Commercial Street, Lerwick, Shetland, ZE1 0EX

By eXp UK

£ 280,000

Reviews

2 out of 5 stars

eXp UK says ..

Reference - KA0673 96A Commercial Street offers a rare opportunity to purchase a beautifully presented five-bedroom maisonette located in the heart of Lerwick on Commercial Street. The location of the property provides immediate access to an array of local amenities, including chemists,...

Property Oracle says ..

This five-bedroom maisonette located on Commercial Street in Lerwick offers a central location within the town. The property benefits from being in the heart of Lerwick, providing easy access to local amenities, though specifics regarding transportation and schools are absent.

The interior shows a mix of updated features and elements that might be considered dated depending on personal preferences. The kitchen and bathrooms appear to be reasonably modern, while other areas have rooms with decor that may require updating to appeal to all buyers. The property is generally well-maintained and doesn’t appear to require major renovations, but some cosmetic changes might enhance its appeal.

One significant drawback is the lack of outdoor space; the property has a plot size of 0.00 sqft. The absence of a garden could be a significant factor influencing potential buyers. The absence of specific data on average price per square foot makes evaluating value difficult. However, a comparison to similar properties in the area suggests the listed price is reasonably competitive, particularly given its central location, though more detailed information on local market trends would be beneficial for a precise assessment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
5
Bathrooms
2
Sqft (est)
1,588.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
658,391.00 £
Increased by 36.79 %
from 481,316.00 £
Est sale value
741,596.00 £
Increased by 121.33 %
from 335,068.00 £
Average area rental value
1,075.00 £/mo
Decreased by 25.86 %
from 1,450.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
1.96 %
Decreased by 45.86 %
from 3.62 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • eXp UK created the listing.

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Commercial Street £ 280,00000.00 KM
Pirate Lane £ 000.00 KM
Charlotte Street £ 000.00 KM
Law Lane £ 000.00 KM
Mounthooly Street £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Commercial Street, Lerwick, Shetland, ZE1 0EX £ 280,000BUY5 / 100.00 KM
8 Hangcliff Lane, Lerwick, Shetland, ZE1 0EB £ 155,000BUY5 / 100.14 KM
20 Law Lane, Lerwick, Shetland, ZE1 0EA £ 330,000BUY6 / 100.17 KM
Law Lane,Lerwick,Shetland,ZE1 0EA £ 345,000BUY7 / 100.17 KM
Mounthooly Street,Lerwick,Shetland,ZE1 0BJ £ 155,000BUY7 / 100.17 KM