The proposed development of 12 flats at Newfield House in Elgin presents a compelling investment opportunity due to the current shortage of rental properties in the area. With demand far outstripping supply, rental properties are highly sought after, often receiving multiple viewing requests shortly after being listed. The planned flats, featuring two bedrooms, a bathroom, and a kitchen/living area, are designed to meet this demand effectively. The Elgin housing market is promising, with property prices on the rise and expected to continue increasing due to ongoing development and regeneration projects in the town. This combination of strong demand for rental properties and upward trend in property values makes this development a strategic investment.