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Reswallie, Forfar, DD8

Scotland

£145,000
Listed on 04/04/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for renovation and investment in a picturesque setting just approximately 2 miles from Forfar. Located in a tranquil area, it offers the potential to transform this space into a charming country cottage, subject to necessary planning permissions. The property features a flexible layout that invites creativity and customization. With various spaces ready to be reimagined, buyers can envision how each room could serve their lifestyle or design preferences. The hall area measures an impressive 10m x 6m, providing ample space for creative configurations. The kitchen, measuring 5.68m x 2.53m, serves as the heart of the home with potential for modern upgrades or expansion. Additionally, there are two cloakrooms (3.68m x 3.35m and 3.38m x 3.38m), which could be redesigned to enhance functionality or aesthetic appeal as part of a comprehensive renovation plan. This location not only offers serenity but also ensures convenience, with nearby access to Forfar's amenities and services. Given the growing interest in countryside living, this property stands out as a promising investment opportunity for those looking to create a unique residence in a desirable area. With vision and effort, this property can become a true reflection of personal style while providing potential value appreciation over time.

Investment Analysis

(DD8 area)
Area Average
£157/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
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

Reswallie, Forfar, DD8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£531
Based on a loan of £108,750 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