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Carnwath Road, Carluke, ML8

Scotland

£265,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1495 sqft

Description

This expansive four-bedroom bungalow is situated in the central area of Carluke, offering a blend of privacy and space with its generous gardens spanning approximately a third of an acre. In need of comprehensive refurbishment, this property presents an exceptional opportunity for those looking to invest in a promising family home. There is significant potential for reconfiguration, including possibilities for a loft conversion and extensions to maximize living space. Upon entering through the front vestibule, you are greeted by a bright hallway that leads to the main areas of the house. The lounge, filled with natural light from a large window, features an inviting fireplace flanked by alcoves. Adjacent to this is a spacious dining room that also has its own fireplace and provides direct access to the kitchen, which includes various base and wall units along with ample work surfaces. This area allows for integration of appliances as well. The opposite side of the bungalow houses four well-sized double bedrooms, all equipped with built-in storage solutions. The accommodation is completed by a four-piece family bathroom. The outdoor space complements the property nicely with well-maintained lawns, paved patios, and mature planting at both the front and rear, while a driveway offers ample off-street parking that leads to a garage. Notably, the property benefits from double glazing and gas central heating. As an investment or renovation project, this bungalow promises substantial returns upon completion.

Investment Analysis

(ML8 area)

Below Market Value

This property is priced -3.7% below area average per sq ft

-3.7%
Potential saving
This Property
£177/sq ft
Area Average
£184/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£302,835
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
110%
Properties sold annually

Local Market Trend (ML8)

Area prices are rising by +5.4% over the last 12 months
3 year growth: 14.9%
5 year growth: 24.8%
Investment Disclaimer: Analysis based on ML8 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

Carnwath Road, Carluke, ML8
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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
£971
Based on a loan of £198,750 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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