This property presents a compelling opportunity for renovation and investment in Muirkirk, a picturesque village in East Ayrshire. The plot is approved for a three-bedroom detached bungalow, with detailed planning already granted for the construction of the dwelling, including provisions for two bay car parks (Ref: 06/0147/FL). This positions it well within a desirable area known for residential development.
Muirkirk offers a blend of rural charm and community spirit, making it an attractive location for potential homeowners or rental properties. The village enjoys access to essential amenities such as local shops, schools, and pubs, while larger towns like Cumnock provide additional services. Surrounded by beautiful rolling hills and open moorland, this setting is ideal for outdoor enthusiasts who appreciate walking and cycling routes.
Recent sales in the vicinity indicate strong market demand—properties similar to the planned bungalow have fetched between £149,995 and £171,000. Additionally, should you consider utilizing this property as serviced accommodation, rental rates for similar three-bedroom homes begin around £80 per night. With an estimated occupancy rate of 80%, there is potential to achieve monthly rentals of approximately £1,946 (or around £23,360 annually), translating to an impressive gross yield if acquired at the guide price.
This plot not only offers immediate renovation prospects but also promises long-term investment potential in a community that balances historical significance with modern living. All inquiries regarding planning should be directed to the local council to explore your options further.
