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Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 1
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Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 3
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 4
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 5
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 6
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 7
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 8
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 9
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 10
Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA - Image 11

Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA

Scotland

£180,000
Listed on 19/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
776 sqft

Description

Introducing Houl House, a substantial five-bedroom detached home located in the picturesque village of Scalloway. This property offers ample living space and significant investment potential, but it requires extensive renovation to reach its full glory. The layout includes a generous lounge with abundant natural light, a sizeable kitchen-diner ideal for family gatherings, a downstairs bedroom, and a bathroom. The first floor features four more bedrooms and an additional bathroom, making this residence suitable for larger families or as a lucrative rental opportunity. Set on a large plot with mature trees and well-defined outdoor spaces, Houl House provides both privacy and room for expansion or landscaping improvements. Positioned in Scalloway—known for its rich history and community spirit—this house is just a short drive from Lerwick, offering access to local amenities including shops, schools, and leisure facilities. Although the property currently requires considerable refurbishment work throughout, its strong structural foundations allow for creativity in transformation. Potential buyers have the chance to craft their ideal living environment from this blank canvas while benefiting from the attractive surroundings that make Scalloway a sought-after locale.

Investment Analysis

(ZE1 area)

Above Market Value

This property is priced +8.8% above area average per sq ft

+8.8%
This Property
£232/sq ft
Area Average
£213/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£181,902
10% above area average per sq ft
Potential ROI
-39.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
133%
Properties sold annually

Local Market Trend (ZE1)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +1.1%
5 year growth: +25.8%
Investment Disclaimer: Analysis based on ZE1 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

Houl House, Houl Road, Scalloway, Shetland, ZE1 0XA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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