Summary - LONMAY, HIGH STREET, PERTH, ERROL PH2 7QJ
3 bed 1 bath End of Terrace
Three-bedroom end-terrace with south-facing garden — strong yield potential at auction..
Price 24% below Home Report value (Home Report £130,000)
Offered with a 24% reduction from the Home Report value, this three-bedroom end-terrace in Errol presents clear investor appeal. The property has an enclosed south-facing garden, three bedrooms and a single bathroom across approximately 898 sq ft — compact but workable for short-term or long-term rentals. Comparable short-let rates suggest around £150 per night; Local Housing Allowance sits at £8,975pa, with higher private-rent potential in the local market.
The house is sold at auction, so buyers should be prepared for a live bidding process and immediate completion terms. A Buyer’s Premium applies (3.6% of the purchase price, minimum £3,600 incl. VAT). No services or fittings have been tested and no warranties are given on condition, so allow budget for inspection and possible remedial works before letting or redecoration.
Location advantages include strong mobile signal, average broadband speeds, and easy road links to Perth and Dundee (both under 15 minutes by car). The property sits on a High Street in a village with basic amenities nearby. Note the area is classified as very deprived locally, which could affect tenant demand and long-term capital growth compared with more affluent locations.
This is a straightforward, value-driven purchase for a buyer comfortable with auction timelines and potential refurbishment costs. If targeting short-term lets or buy-to-let, confirm rental strategy, licensing or insurance requirements, and factor in the Buyer’s Premium and any required repairs.
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