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Hoy Lodge, Hoy, Orkney, KW16 3NJ

Scotland

£350,000
Listed on 10/02/2024

Property Details

Bedrooms
7
Type
Detached
Area
4048 sqft

Description

K Allan Properties introduces a unique opportunity to acquire a historic 1800s former Shooting Lodge located on the northern tip of the picturesque Isle of Hoy. This B listed property, set within approximately 1 acre of stunning grounds, offers breathtaking views and exceptional seclusion. Although this residence retains much of its original charm, it requires modernisation, making it an ideal project for those with vision and ambition to create a bespoke retreat or family home in Scotland's magnificent landscapes. Spanning multiple levels, the ground floor features an Entrance Porch, Hallway, Study, Sitting Room, Dining Room, Kitchen with Scullery and Pantry, along with practical utility spaces. The first floor comprises 5 bedrooms and 2 bathrooms while a further 2 bedrooms and bathrooms are conveniently located on the servant's floor. The detached garage currently serves as a workshop and storage area. Additionally, the property includes access to a parcel of foreshore nearby. Hoy Lodge promises not only a tranquil lifestyle surrounded by natural beauty but also presents an exciting prospect for refurbishment tailored to individual tastes. With walking routes leading to iconic landmarks like the 'Old Man of Hoy' alongside easy access to local amenities such as shops and schools, this property represents both investment potential and lifestyle enhancement in one of Orkney’s most enchanting locations.

Investment Analysis

(KW16 area)

Below Market Value

This property is priced -56.0% below area average per sq ft

-56.0%
Potential saving
This Property
£86/sq ft
Area Average
£196/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£874,085
10% above area average per sq ft
Potential ROI
+86.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (KW16)

Area prices are rising by +3.7% over the last 12 months
3 year growth: -14.4%
5 year growth: +43.1%
Investment Disclaimer: Analysis based on KW16 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

Hoy Lodge, Hoy, Orkney, KW16 3NJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 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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