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Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 1
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 2
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 3
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 4
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 5
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 6
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 7
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 8
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 9
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 10
Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA - Image 11

Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA

Scotland

£415,000
Listed on 24/05/2024

Property Details

Bedrooms
4
Type
Detached house

Description

An intriguing investment opportunity has arisen for developers at a partially constructed site alongside the tranquil banks of the River Teviot in Hawick. This project comes with full planning permission to develop four semi-detached net-zero carbon homes and an additional detached bungalow. The groundwork for plots 1 and 2 has already been laid, though construction is currently on hold, allowing the new owner to drive value by completing these homes to the specified standards outlined in the approved plans. Additionally, there is flexibility for the purchaser to amend current plans, pending necessary approvals from local authorities. Plot 4 is fully constructed and holds a temporary habitation certificate, indicating a swift return on investment upon obtaining full certification. Lastly, plot 5 remains untouched and is earmarked for a four-bedroom detached bungalow with a generous internal area of approximately 146m², all while enjoying secure planning permissions. Early interest in this site is strongly advised due to its potential.

Investment Analysis

(TD9 area)
Area Average
£141/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (TD9)

Area prices are rising by +6.3% over the last 12 months
3 year growth: 10.2%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on TD9 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

Development Site, Plots 1,2,4 & 5 Thornwood Reach, Weensland Road, Hawick, TD9 8LA
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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
£1,520
Based on a loan of £311,250 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