Marygate, Berwick-upon-Tweed, Berwick, TD15 - Image 1

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Marygate, Berwick-upon-Tweed, Berwick, TD15

Scotland

£100,000

Listed on 01/02/2024

Property Details

Bedrooms

N/A

Type

Property

Description

This is a development opportunity featuring a derelict former printers workshop situated in a mixed-use area of Berwick-upon-Tweed. Previously granted planning consent for the construction of 11 residential flats, this site presents a significant investment potential. The building is in poor condition and requires complete redevelopment, making it an attractive proposition for developers looking to capitalize on the growing demand for residential properties in this popular commuter town. Located within close proximity to local amenities, schools, and transport links, the site offers convenience alongside potential high rental yields. Prospective buyers are encouraged to explore options for revisiting the planning application with an architect to fully realize the site's capabilities.

Investment Analysis

(TD15 area)

Area Average

£208/sq ft

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£200,000 - £350,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

56%

Properties sold annually

Local Market Trend (TD15)

Area prices are rising by +4.5% over the last 12 months

3 year growth: -0.9%

5 year growth: +20.5%

Investment Disclaimer: Analysis based on TD15 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

Marygate, Berwick-upon-Tweed, Berwick, TD15

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£361

Based on a loan of £75,000 over 30 years at 4.06% 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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Similar Properties

Marygate, Berwick-upon-Tweed, Berwick, TD15

Property Details

Description

Investment Analysis

Renovation Potential

Local Market Trend (TD15)

Location

Mortgage Calculator

Next Steps

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