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Development, Gas Brae, Errol, PH2 7QR

Scotland

£150,000
Listed on 19/04/2026

Property Details

Bedrooms
4
Type
Land

Description

This significant property presents an excellent opportunity for redevelopment, nestled on an elevated site in the desirable village of Errol. Currently spanning approximately 2,100 sq ft, including a spacious attic, the structure is at an advanced stage of renovation, providing a blank canvas for a buyer to finalize their vision. Plans could incorporate up to five bedrooms alongside expansive reception areas and a large kitchen-dining space, with flexible options to tailor the layout according to personal preferences. The substantial plot boasts potential for landscaping and ample parking, complemented by a detached garage. Although previously approved planning permissions have lapsed and the property is being sold as-is without any guarantees or warranties, its current state allows keen renovators to bring this home back to life with modern finishes. Please note that as it stands, the property may not qualify for standard mortgages and is designated as suitable only for cash buyers.

Investment Analysis

(PH2 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (PH2)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +9.2%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on PH2 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

Development, Gas Brae, Errol, PH2 7QR
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£531
Based on a loan of £112,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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