Discover an exceptional investment opportunity at Newfield House in Elgin, where the development of 12 modern flats meets the pressing demand for rental properties in a thriving market. With Elgin facing a significant shortage of rentals due to landlords selling off properties, these flats—arranged in blocks of four with separate access and featuring two bedrooms, a bathroom, and a kitchen/living area—are poised to attract eager tenants and buyers alike. The local housing market's upward trajectory, driven by ongoing development and rising property values, makes this project a strategic choice for investors. Access planning documents and drawings online with references 09/02161/APP and 11/00233/APP.

The proposed development of 12 flats at Newfield House in Elgin presents a compelling investment opportunity, particularly given the current dynamics of the local housing market. Elgin is experiencing a significant shortage of rental properties, with demand far outstripping supply. This scarcity is driven by landlords opting to sell properties rather than rent them out, influenced by rising mortgage costs and regulatory challenges. Consequently, rental properties are highly sought after, often receiving multiple viewing requests shortly after being listed.

The planned flats at Newfield House are designed to meet this demand effectively. Each block will contain four flats, with two on the ground floor and two on the first floor, all featuring separate access. The flats will include an entrance hall, two bedrooms, a bathroom, and a kitchen/living area, making them attractive to a wide range of potential tenants and buyers. This type of property is in high demand, as evidenced by the rapid turnover of available rentals in the area.

Investors will find the Elgin housing market promising, as property prices have been on the rise and are expected to continue increasing due to ongoing development and regeneration projects in the town. The combination of a strong demand for rental properties and the upward trend in property values makes this development a strategic investment. Planning documents and related drawings for the project can be accessed online using references 09/02161/APP and 11/00233/APP.

Planning Permission
Planning documents and the related drawings can be accessed online. Reference : 09/02161/APP & 11/00233/APP.