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King Street, Orkney, Orkney Islands, KW15

Scotland

£175,000
Listed on 07/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This Category B Listed building, set in the heart of Kirkwall's Conservation Area, presents a unique opportunity for renovation and investment. Originally constructed in the late 1800s, this detached property was once a dental clinic, featuring two levels and two spacious attic rooms accessible via a loft ladder. The property underwent significant changes in the late 20th century when it was converted into a clinic. In May 2024, planning permission was granted to repurpose the building into a boarding house, allowing for eight en-suite studio bedrooms along with necessary upgrades such as new windows and air source heat pumps. Although the current owners are selling the property as is—without obligation on future buyers to follow through with these approved plans—the potential remains for those interested in revitalizing this historic space. Prospective purchasers should engage with local planning authorities regarding any desired renovations, making this an ideal project for developers looking to enhance both the property and its value in this vibrant location.

Investment Analysis

(KW15 area)
Area Average
£206/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£90,000 - £130,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (KW15)

Area prices are falling by +8.4% over the last 12 months
3 year growth: -0.4%
5 year growth: 18.1%
Investment Disclaimer: Analysis based on KW15 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

King Street, Orkney, Orkney Islands, KW15
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 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