Summary - 2F, HAVELOCK PLACE, HAWICK TD9 7BE
3 bed 1 bath Apartment
High-yield refurbishment opportunity in Hawick, sold at auction.
Large three-bedroom Victorian apartment with generous room sizes
A large three-bedroom Victorian apartment in central Hawick, offered for auction as a substantial refurbishment project. The flat is freehold, arranged over traditional layout with generous room sizes and a single bathroom — a canvas for conversion or modernisation.
The property is marketed with clear development potential: short-stay serviced accommodation is a possibility subject to appropriate licences and local consents. Projected rental figures of £575–£690 pcm (est. £6,900–£8,250 pa) are quoted, producing an estimated yield of 12–14% based on the guide price — figures that should be independently verified by interested buyers.
Practical positives include excellent mobile signal and fast broadband speeds, no flooding risk and cheap local council tax. The building’s Victorian character and room proportions suit a sympathetic restoration or a targeted rental upgrade, but significant works are required throughout.
Material negatives: the lot needs massive refurbishment and is being sold at auction, so buyers should allow for immediate works, refurbishment costs, and the time/cost to obtain any licensing for serviced accommodation. The surrounding area is assessed as very deprived, which affects resale and tenant profiles and should factor into investment calculations.
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