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The Walled Garden Development Site, Tealing, Dundee - Image 1
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The Walled Garden Development Site, Tealing, Dundee

Scotland

£425,000
Listed on 04/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique development opportunity encompasses a spacious walled garden, offering approximately 1.62 acres of land ready for transformation. The total area available for development spans 6,837 square meters, providing ample space for future projects. Currently, there is conditional planning consent to construct six residential dwellings on this site. Detailed planning information can be accessed through the Angus planning website under reference 18/00689/Full. This approval opens the door to significant investment potential in an area that is poised for growth. Nestled in a tranquil rural environment just five miles north of Dundee, the property benefits from excellent connectivity to the A90 trunk road, which links directly to Dundee and Forfar. This accessibility makes it an attractive location for potential residents who seek both peaceful living and proximity to urban amenities. The land occupies a picturesque setting within the boundaries of the former walled garden of Tealing House, characterized by its charming southerly aspect and high stone walls that once defined a thriving market garden. The site's grade C listing adds historical significance, which could enhance its appeal in future developments. This property presents a compelling picture for investors looking to capitalize on its renovation potential and strategic location, making it an intriguing prospect for those looking to enter the housing market or expand their portfolio in a developing area.

Investment Analysis

(DD4 area)
Area Average
£159/sq ft
Avg Rent (weekly)
£170
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£42,500 - £106,250
10-25% of property value
Monthly Sales
52
Average per month
Market Turnover
91%
Properties sold annually

Local Market Trend (DD4)

Area prices are rising by +7.3% over the last 12 months
3 year growth: 8.0%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on DD4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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 Walled Garden Development Site, Tealing, Dundee
Map showing location of The Walled Garden Development Site, Tealing, Dundee
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