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Lyth, Wick, Highland. KW1 4UD

Scotland

£220,000
Listed on 01/03/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former mill, known as 'Milton Mill,' presents a unique opportunity for renovation enthusiasts in the picturesque Lyth region. Set against a tranquil backdrop with a stream nearby, this property combines rustic charm with significant investment potential. Currently, it has been partially modernized and received planning approval to transform it into an expansive family residence. The interior is at first fix stage, featuring a spacious kitchen equipped with plumbing and electrical connections, along with an open-plan space that can be configured to create two bedrooms. The existing layout allows for further customization, promising the possibility of additional bedrooms or en-suite facilities in both the main building and the adjoining outbuilding, which also retains its original stone and slate character. While there is currently no heating installed, the property is primed for modern solutions, like an air source heat pump as per the granted planning. Outdoors, the generous 0.47-acre plot invites landscaping angles to enhance its natural beauty. Additionally, a one-bedroom glamping pod on-site ensures comfort during renovations. This property not only offers breathtaking countryside views but also a short drive to Wick, marking it as an excellent project for those seeking to create their ideal rural retreat.

Investment Analysis

(KW1 area)
Area Average
£110/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (KW1)

Area prices are rising by +7.0% over the last 12 months
3 year growth: +16.0%
5 year growth: +23.5%
Investment Disclaimer: Analysis based on KW1 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

Lyth, Wick, Highland. KW1 4UD
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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
£793
Based on a loan of £165,000 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.

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