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The Granary Range, Camilla Farm Steading, Auchtertool

Scotland

£115,000
Listed on 13/09/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity to acquire five residential house plots, each with approved detailed planning consent, situated in a picturesque rural area on the outskirts of Auchtertool. The site is ideally located just five miles west of Kirkcaldy, making it convenient for access to local amenities while enjoying a serene countryside setting. The development is well-positioned for a variety of investment strategies, with existing permissions that are less restrictive than current regulations. This means no additional costs for low-cost housing or Section 75 contributions, potentially saving developers an estimated £15,000 per unit. With essential infrastructure already in place, including mains water, electricity, and drainage, you can start construction without delay. Each plot is designed as follows: four plots feature three-bedroom houses ranging between 76 sqm and 106 sqm, while the fifth plot offers a more spacious five-bedroom house at 112 sqm. The configurations allow for various layouts that could appeal to different buyer demographics. Additionally, the surrounding area boasts beautiful countryside views and easy access to numerous walking paths. Local amenities are within walking distance, including a primary school, village hall, and church. Public transport links provide straightforward access to Kirkcaldy and Dunfermline, enhancing the attractiveness of these homes for potential renters or buyers seeking community living. For those with innovative ideas, there is also the potential to develop an existing ruin into a single residence; although this would require a new planning application. In summary, these plots present significant renovation and investment potential in an appealing rural location with growing demand for quality housing. This offering is well-suited for developers looking to capitalize on the area's charm and accessibility while meeting market needs effectively.

Investment Analysis

(KY2 area)
Area Average
£162/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
189%
Properties sold annually

Local Market Trend (KY2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 5.6%
5 year growth: 16.9%
Investment Disclaimer: Analysis based on KY2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Granary Range, Camilla Farm Steading, Auchtertool
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£421
Based on a loan of £86,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE