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The Walled Garden Development Site, Tealing, Dundee

Scotland

£250,000
Listed on 04/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy renovation and investment opportunity featuring a well-defined walled garden that spans approximately 1.62 acres, with the overall site encompassing around 6,837 square meters. With conditional planning consent in place for the development of six residential units, this site could serve as an attractive prospect for builders or investors looking to create new homes in a desirable area. Detailed planning documentation is accessible via the Angus planning website under reference 18/00689/Full. Nestled in a tranquil rural environment just five miles north of Dundee, this location offers convenient access to the A90 trunk road, which provides efficient routes to both Dundee and Forfar. The property benefits from its setting within the historic confines of the former walled garden of Tealing House, which is characterized by its charming southerly orientation and mature stone walls—elements that add uniqueness and potential character to any future development. The site's grade C listing indicates its historical significance while offering flexibility for redevelopment within regulatory guidelines. This blend of natural beauty and strategic location creates considerable potential not only for residential construction but also for enhancing the property's historical features, making it an appealing option for those looking to invest in a project that balances heritage with modern living.

Investment Analysis

(DD4 area)
Area Average
£154/sq ft
Avg Rent (weekly)
£170
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
139%
Properties sold annually

Local Market Trend (DD4)

Area prices are rising by +8.6% over the last 12 months
3 year growth: 11.2%
5 year growth: 15.0%
Investment Disclaimer: Analysis based on DD4 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

The Walled Garden Development Site, Tealing, Dundee
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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
£916
Based on a loan of £187,500 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