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Mill Street, Dingwall, IV15 9PZ

Scotland

£625,000
Listed on 30/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3606 sqft

Description

Nestled behind a long gated driveway, this substantial stone-built property on the outskirts of Dingwall offers ample potential for restoration and modernization. Constructed in the 1850s, this Highland home spans over 335 square meters and is enveloped by approximately one acre of lush private gardens, presenting an excellent opportunity for investors or homeowners looking to add value through renovation. <br><br>As you approach, a gravel drive lined with tall hedges leads up to a generous parking area. The exterior reflects traditional Highland architecture with its sturdy stone walls and sash windows, promising character that can be enhanced with thoughtful updates. Inside, the property showcases spacious reception rooms filled with period features such as decorative cornicing and original fireplaces, which can be restored to create inviting living spaces.<br><br>The ground floor presents a functional layout ideal for expansion or reconfiguration. The formal lounge and dining room boast large windows that would benefit from modern light-enhancing treatments, while the kitchen retains traditional charm yet offers scope for complete remodeling into a contemporary culinary space. Adjacent utility areas and the sunroom provide additional space that could be optimized with modern amenities.<br><br>Upstairs, six versatile bedrooms offer various options for customization – whether it be enhancing existing layouts or repurposing rooms to suit modern lifestyles. Two bathrooms are already present but would greatly benefit from renovation to improve functionality and style.<br><br>The expansive grounds feature mature landscaping and several outbuildings that offer potential uses from gardening storage to creative studios. The established garden design can be updated to create serene outdoor living areas tailored for relaxation or entertainment.<br><br>Allanfield stands out as a rare investment asset in the historic Highland region, where modern touches can elevate its classic appeal against a backdrop of striking natural beauty. With flexible accommodation options and significant outdoor space, this property awaits a visionary developer or homeowner ready to unlock its full potential.

Investment Analysis

(IV15 area)

Above Market Value

This property is priced +2.1% above area average per sq ft

+2.1%
This Property
£173/sq ft
Area Average
£170/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£673,529
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
79%
Properties sold annually

Local Market Trend (IV15)

Area prices are falling by +3.0% over the last 12 months
3 year growth: 1.8%
5 year growth: 23.9%
Investment Disclaimer: Analysis based on IV15 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

Mill Street, Dingwall, IV15 9PZ
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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
£2,290
Based on a loan of £468,750 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