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Riverbank Road, IV7

Scotland

£150,000
Listed on 31/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property currently holds approved planning permission for the construction of three single-storey two-bedroom bungalows, ideally suited for elderly residents due to its convenient location near local amenities such as bus stops, a Spar shop, and a pharmacy—all within a short walking distance. With a distinctive 40-degree roof pitch in the design, there exists an opportunity to expand into the roof space by obtaining the necessary planning variations, potentially adding one or two additional bedrooms and a bathroom on the upper level. Furthermore, the adjacent plot has enough capacity to accommodate a fourth bungalow with parking spaces that aligns with the existing designs, pending new planning consent. The property is equipped with essential services including sewer and water connections from Scottish Water, and gas utilities available from the High Street, making it an attractive investment for renovation and development.

Investment Analysis

(IV7 area)
Area Average
£219/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
111%
Properties sold annually

Local Market Trend (IV7)

Area prices are falling by +10.5% over the last 12 months
3 year growth: 3.1%
5 year growth: 5.8%
Investment Disclaimer: Analysis based on IV7 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

Riverbank Road, IV7
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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
£541
Based on a loan of £112,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE