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Crowhill Farm Steading, Innerwick, Dunbar EH42 1QT - Image 1
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Crowhill Farm Steading, Innerwick, Dunbar EH42 1QT

Scotland

£500,000
Listed on 12/01/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated in the picturesque countryside near the coastal village of Innerwick, Crowhill Farm Steading offers a unique opportunity for renovation and investment. Located roughly 6 miles from Dunbar, which provides an array of local amenities such as shops, restaurants, and schools, this site combines rural charm with convenient access to urban conveniences. The A1 is less than a mile away, ensuring straightforward commuting options to Haddington and Edinburgh, while the nearby Dunbar train station connects travelers to the East Coast Main Line with regular services to both Edinburgh and London. Spanning approximately 3 acres, Crowhill Farm Steading has recently been granted planning permission for an ambitious redevelopment plan that includes converting the existing traditional farm structures into 25 residential units alongside domestic studios and workshops. This project presents an attractive proposition for developers looking to create a modern rural community. Key conditions outlined in the Section 75 Agreement with East Lothian Council include an education contribution of £45,642 payable in two installments and a commitment to provide six affordable housing units. The property features traditional farm buildings as well as three steel portal-framed potato stores designed for temperature control. These additional facilities can serve as secure storage during the development phase or could be repurposed for various uses post-renovation. Their strategic position on the western edge of the site allows separate access, enhancing their utility during construction activities. Crowhill Farm Steading stands out not only for its potential transformation but also for its location amidst scenic landscapes while maintaining proximity to essential services and transport links. This balance makes it an appealing choice for those looking to capitalize on investment opportunities within a thriving community.

Investment Analysis

(EH42 area)
Area Average
£265/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£2,000,000 - £3,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (EH42)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 7.8%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on EH42 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

Crowhill Farm Steading, Innerwick, Dunbar EH42 1QT
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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