Offers over

£255,000

3 bed terraced house for sale
112 St. Olaf Street, Lerwick, Shetland ZE1

    • 3 beds

    • 3 baths

    • 2 receptions

Just added
Freehold
Added on 01/06/2026

About this property

  • Reference - KA0673

  • Terraced Property

  • Three Self Contained Flats

  • Three Stories

  • Refurbishment Project

  • One Flat with Long Term Tenancy

  • Ideal Investment Opportunity

  • Well Proportioned Gardens

  • Central Location

  • Nearby Amenities

Reference - KA0673

Welcome to 112 St Olaf Street

Presenting 112 St Olaf Street, a terraced property consisting of three self-contained flats spanning three floors, situated in one of Lerwick's most historic streets. The ground floor flat is currently operating as a long-term let, and the other two flats have previously operated as long-term lets.

The first flat consists of a kitchen, living area/bedroom, and bathroom. The second flat includes a generous kitchen/diner, spacious lounge/bedroom, box room, and bathroom. The third flat features an open-plan kitchen/lounge, bedroom, and bathroom.

112 St Olaf Street presents a range of exciting possibilities, including the refurbishment of the existing flats or conversion of the building into a spacious family dwelling in a sought-after area of Lerwick.

Location

112 St Olaf Street is ideally situated in the historic area of St Olaf Street in central Lerwick. The building is located within close proximity to local schools, including Bell’s Brae Primary School and Anderson High School. A range of amenities can be found nearby, including Alex Morrison Convenience Store, Toll Clock Shopping Centre, the Co-operative, Mareel, and Freefield Pharmacy, with Tesco and Clickimin Leisure Complex also within easy reach.

Accommodation

Upon entering the property through the front entrance, there is a shared hallway that provides access to the three flats.

Ground Floor Flat

The ground floor flat includes a large living room/bedroom with ample space to accommodate furnishings. There is also a well-equipped kitchen and a shower room fitted with a shower cubicle, W.C., and hand basin.

The ground floor flat currently has a long-term tenancy in place.

First Floor Flat

Upon entering the flat, a hallway connects the main accommodation. To the left is the spacious lounge/bedroom. This room provides ample floor space to accommodate a range of furnishings and additional storage, and features a large window allowing natural light to enter.

The kitchen/diner is also of an excellent proportion, fitted with a range of wall and base-mounted units, practical countertop space, and substantial floor space to accommodate a large dining table.

The flat is complete with a well-equipped bathroom fitted with a shower cubicle, hand basin, and W.C., as well as an additional box room.

Second Floor Flat

The second floor flat includes an open-plan lounge/kitchen. The lounge features a large dormer window and offers ample floor space to accommodate furnishings. The kitchen is well equipped, fitted with base-mounted units and practical countertop space.

The bedroom comfortably accommodates a double bed and features a Velux window allowing natural light to enter. The accommodation is complete with a generous bathroom fitted with a shower cubicle, W.C., and hand basin, as well as additional storage within the flat and on the second-floor landing.

External Features

Externally the property features a paved rear garden and front garden with surrounding wall, as well as on street parking.

Early viewing is highly recommended.

Mortgage calculator

Monthly repayment

£1,275 per month

Whole of market comparison

70+ lenders and 10,000+ products

How much could I borrow

In partnership with

mojo logo

The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

Report this listing

eXp World UK

Logo of eXp World UK
Email agent