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Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 1
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 2
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 3
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 4
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 5
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 6
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 7
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 8
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 9
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 10
Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7 - Image 11

Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7

Scotland

£950,000
Listed on 05/12/2025

Property Details

Bedrooms
N/A
Type
Flat

Description

This historic B-listed building, dating back to approximately 1836, presents a compelling redevelopment opportunity with approved planning permission for the conversion into 17 residential units. The site formerly served as William Simpson’s Care Home and is now positioned for transformation into 5 two-bedroom apartments, 11 one-bedroom apartments, and a studio. The proposed conservation strategy aims to preserve the building’s original character while upgrading the interiors to contemporary standards. Located just south of Plean along a private access road shared with the newly relocated William Simpson Home and Governor’s House, this property is easily reachable from the A9. The recent planning approval builds upon a previously granted plan for 14 units in 2019, reflecting enhanced layout efficiency and viability for modern living. Currently, the building requires significant renovation as it is in a partially derelict state. Initial landscaping efforts have been undertaken by the current owners to maintain the planning status, alongside a partial strip-out of non-repairable materials. Urgent structural work has also begun to address issues like roof leaks and dry rot. The village of Plean offers essential local amenities and serves as a convenient base with easy access to public transport routes connecting Stirling and Falkirk, both of which provide an array of shopping and recreational facilities. Outdoor enthusiasts will appreciate nearby options for walking, cycling, and horse riding. Commuters will find excellent transport links via the motorway network and frequent train services from Larbert station. In terms of educational resources, Plean boasts a primary school, while secondary education options are available in Bannockburn and Stirling. The property’s proximity to Stirling University further enriches the community environment, with access to public sporting facilities. Additionally, Plean Country Park's extensive woodlands offer scenic areas for leisure activities within easy reach. Overall, this property not only stands as an architectural gem but also holds promising potential for investors looking to revitalize it into quality residential spaces that cater to current market demands.

Investment Analysis

(FK7 area)
Area Average
£213/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
77%
Properties sold annually

Local Market Trend (FK7)

Area prices are rising by +16.0% over the last 12 months
3 year growth: 24.6%
5 year growth: 41.6%
Investment Disclaimer: Analysis based on FK7 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

Former William Simpson's Care Home, Main Street, Old Plean, Stirling FK7
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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
£3,480
Based on a loan of £712,500 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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