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Plot At Craichie Mill, Craichie, Forfar, Angus, DD8 - Image 1
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Plot At Craichie Mill, Craichie, Forfar, Angus, DD8

Scotland

£95,000
Listed on 16/06/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled in the scenic Angus countryside, the property at Craichie Mill presents a unique opportunity for those looking to invest in a renovation project or to develop a new dwelling. Located just a short distance from the charming hamlet of Craichie and only 4 miles from Forfar, this site offers convenient access to essential amenities, including shops, restaurants, and recreational facilities. The city of Dundee is accessible within a 30-minute drive, providing further options for dining, shopping, and cultural experiences. Set amidst 1.58 hectares (3.92 acres) of grassland, the traditional stone outbuilding boasts significant potential for redevelopment or renovation into a residential home. The surrounding agricultural land offers expansive views over the picturesque Scottish landscape and includes an existing access point from the B9128 public road. The property also features mixed woodland on its southern boundary that could serve as an appealing garden space or natural retreat. Although there are currently no active planning permissions for the property, prospective buyers may explore the possibility of securing approval for residential development given its favorable location and ample space. It is important to note that part of the building is designated as a Category C Listed Building, which could influence renovation plans and any changes to the structure. Recreational opportunities abound in nearby Angus Glens with numerous walking and cycling trails as well as challenging Munros for enthusiasts. Golfers will appreciate proximity to renowned courses in Carnoustie, Blairgowrie, and Forfar. While there is some risk of flooding identified by SEPA Flood Maps due to the property's proximity to the Vinny Water, this aspect should be carefully considered during planning discussions. Access to Craichie Mill is straightforward via the public B9128 road. This property represents not just a potential investment but also an invitation to create a personalized living space amidst one of Scotland's most tranquil regions. Whether you are looking for a renovation opportunity or land for new construction, Craichie Mill offers promising prospects waiting to be realized.

Investment Analysis

(DD8 area)
Area Average
£157/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
94%
Properties sold annually

Local Market Trend (DD8)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 5.5%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on DD8 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

Plot At Craichie Mill, Craichie, Forfar, Angus, DD8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£348
Based on a loan of £71,250 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