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Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 1
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 2
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 3
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 4
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 5
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 6
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 7
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 8
Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB - Image 9

Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB

Scotland

£195,000
Listed on 21/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Here lies a unique opportunity to acquire approximately 0.8 acres of land in a desirable location, complete with planning permission for a substantial detached house and garage. The site offers a largely flat terrain covered in meadow grass, making it an ideal canvas for development. From the upper levels of the proposed residence, residents will enjoy scenic views over the Moray Firth and Black Isle, adding value to the future home. Access to the plot is conveniently established via a shared road along its north-easterly boundary, ensuring ease of entry and development logistics. The site is fully serviced, with electricity, water, and drainage infrastructure already in place, streamlining the construction process for prospective buyers. Situated approximately three miles southeast of Inverness city center, this plot benefits from proximity to essential amenities found in Cradlehall. Local conveniences include a Co-op store, bakery, Indian restaurant, hairdressers, café, children's nursery, and dental services. This location falls within the catchment area for Cradlehall Primary School and is served by Culloden Academy for secondary education. Furthermore, Inverness offers a wide range of shops and services reflecting city life—from retail outlets to leisure facilities like sports centers. The planning permission granted on September 30th, 2019 (Highland Council Planning Reference: 19/00452/FUL) allows for immediate development with no further time constraints as the project has been initiated. Any modifications desired by the new owner regarding this planning approval would be their responsibility. With significant investment potential in a growing area known for its charming landscape and community-oriented living, this plot presents an attractive proposition for both builders and investors alike.

Investment Analysis

(IV2 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£180,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
90
Average per month
Market Turnover
125%
Properties sold annually

Local Market Trend (IV2)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 10.6%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on IV2 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

Site at Plot 2, Drumossie Brae, Drumossie, Inverness, IV2 5BB
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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
£714
Based on a loan of £146,250 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