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Peebles, Scottish Borders

Scotland

£385,000
Listed on 31/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1123 sqft

Description

Nestled in an elevated position along the picturesque River Tweed, Dogcraig Cottage is a distinctive property with significant renovation and investment potential. Originally part of the outbuildings for a historic corn mill dating back over 200 years, this semi-rural residence is situated within Scotsmill, a small collection of four homes just a mile from the vibrant town of Peebles. Upon entering, you are greeted by a spacious hallway leading to a generous sitting room featuring a central fireplace and triple-aspect windows that fill the space with natural light. The kitchen, equipped with an AGA cooker, offers ample potential for modernization. The layout includes two well-proportioned double bedrooms and an additional smaller bedroom currently being used as a dining area, complemented by a main bathroom and convenient storage options. A standout feature of the home is the large timber decked balcony that provides stunning views of the river and surrounding garden—a perfect setting for outdoor relaxation or entertaining. The property sits on a generous plot with mature trees, established flower beds, and includes storage facilities for bikes in both stone and timber sheds. At the top of the driveway lies an area ripe for development; whether it be transforming it into a productive garden space or potentially adding hardstanding or even a detached garage (subject to planning permission). The opportunity for expansion exists here as well; with appropriate approvals, you could extend the living space either from the gable end or out towards the decked balcony, tailoring the home to your needs. Access to the River Tweed is straightforward from this property, and there may be opportunities for acquiring fishing permissions through Kailzie Estate, which manages several miles of single bank fishing rights. The location boasts numerous advantages; Peebles is known for its community spirit and offers a range of amenities including theatres, leisure facilities, independent shops, restaurants, and essential services such as health centres. Its appeal extends further due to its proximity to Edinburgh—only 24 miles away—making it suitable for those seeking countryside living while maintaining access to urban conveniences. Regular bus services enhance connectivity to both Edinburgh and nearby towns. This property presents an exciting chance to create your vision in a sought-after location with strong investment potential.

Investment Analysis

(EH45 area)

Above Market Value

This property is priced +31.1% above area average per sq ft

+31.1%
This Property
£343/sq ft
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£322,969
10% above area average per sq ft
Potential ROI
-27.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
81%
Properties sold annually

Local Market Trend (EH45)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 22.9%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on EH45 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

Peebles, Scottish Borders
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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
£1,410
Based on a loan of £288,750 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