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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 29/12/2025

Property Details

Bedrooms
N/A
Type
Flat

Description

This historic B-listed property, dating back to around 1836, presents a significant opportunity for redevelopment into residential units, having secured planning permission for the transformation into 17 apartments. The proposed layout includes 5 two-bedroom flats, 11 one-bedroom flats, and a studio, making it a versatile investment in a location with solid demand. The building's conservation strategy emphasizes preserving its original features while upgrading it to meet modern living standards. Currently, the property is in a dilapidated condition, necessitating comprehensive renovations. Initial landscaping work has begun, along with a partial strip-out to eliminate irreparable materials and address critical issues such as leaks and dry rot. With convenient access from the A9 and proximity to public transport links connecting Stirling and Falkirk, this site benefits from good transport connectivity for residents. The local area offers essential amenities and is situated near Plean Country Park, enhancing its appeal for potential tenants who enjoy outdoor activities. The community atmosphere in Plean combined with its strategic location makes this property an attractive investment for those looking to capitalize on the growing housing demand in Scotland.

Investment Analysis

(FK7 area)
Area Average
£209/sq ft
Avg Rent (weekly)
£224
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
225%
Properties sold annually

Local Market Trend (FK7)

Area prices are rising by +12.3% over the last 12 months
3 year growth: +20.4%
5 year growth: +36.8%
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

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,426
Based on a loan of £712,500 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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