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Venezuela, Shapinsay, Orkney

Scotland

£40,000
Listed on 21/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This notable property, previously a significant residence, is situated on approximately 1.14 acres of land, providing expansive views of Veantrow Bay and the surrounding agricultural landscape. While the gardens are currently in a state of neglect, they are surrounded by sturdy drystone walls which offer both privacy and potential for reimagined landscaping or redevelopment, pending the necessary permissions. The site includes a large derelict structure from a former house alongside additional outbuildings that are also in disrepair, creating ample opportunity for restoration or new development initiatives. Interested buyers may consider renovating the existing cottage or exploring options for extension or complete replacement—an exciting prospect for self-build enthusiasts or developers looking to tap into this attractive island location. It is important to note that this property is not suitable for mortgage financing.

Investment Analysis

(KW17 area)
Area Average
£184/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
37%
Properties sold annually

Local Market Trend (KW17)

Area prices are falling by +12.8% over the last 12 months
3 year growth: -6.8%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on KW17 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

Venezuela, Shapinsay, Orkney
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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
£144
Based on a loan of £30,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE