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Shore Street, Ullapool, IV26 - Image 1
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Shore Street, Ullapool, IV26

Scotland

£170,000
Listed on 15/01/2025

Property Details

Bedrooms
N/A
Type
Terraced house
Area
1216 sqft

Description

This historic mid-terraced house presents a compelling development opportunity in the vibrant village of Ullapool, renowned for its stunning landscapes and community charm. Positioned along the village's main thoroughfare, the property is ripe for transformation, complete with planning permission that opens up a wealth of possibilities. The location is one of Ullapool's key highlights, with picturesque views over Loch Broom and the surrounding hills creating a serene backdrop. For those who appreciate the outdoors, this area offers access to various recreational activities including boating and hiking, appealing to both locals and tourists alike. The property’s placement on the North Coast 500 driving route also ensures it remains a point of interest for travelers exploring Scotland's rugged coastline. While currently stripped back to its original walls, this residence retains much of its historical character. Features such as five fireplaces and exposed roof beams provide a foundation for thoughtful renovations that could blend contemporary living with classic architectural elements. There’s ample space to create an inviting home or even a rental property that captures the essence of coastal living. Internally, the layout includes an internal corridor that hints at its past use while offering flexibility for modern design. The ground floor has previously accommodated an open-plan living and dining area alongside a kitchen extension featuring a larder. The upper level initially had three bedrooms and a bathroom, allowing for various configurations depending on your vision. The property boasts good natural light thanks to multiple windows and roof lights throughout, while another advantage is that part of the flooring has already been removed to facilitate under-floor heating installation—a valuable feature in enhancing comfort. Outside, there’s potential in the rear garden area which can be developed further to enhance outdoor living space or utilize as part of an overall landscape design. In summary, this mid-terraced house offers not just renovation prospects but also an exceptional investment opportunity in a prime location. With careful planning and creative vision, this property can be reimagined into a distinct living space that fully embraces its historical roots while providing modern comforts amidst one of Scotland's most beautiful settings.

Investment Analysis

(IV26 area)

Below Market Value

This property is priced -37.1% below area average per sq ft

-37.1%
Potential saving
This Property
£140/sq ft
Area Average
£222/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£297,215
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (IV26)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on IV26 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

Shore Street, Ullapool, IV26
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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
£623
Based on a loan of £127,500 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