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Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 1
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 2
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 3
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 4
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 5
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 6
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 7
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 8
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 9
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 10
Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB - Image 11

Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB

Scotland

£300,000
Listed on 07/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive 3.14-acre site presents a noteworthy opportunity for renovation and investment, located within the serene agricultural greenbelt of Hawksland. The landscape is characterized by its natural beauty, offering a peaceful environment while remaining conveniently accessible to nearby towns such as Lesmahagow and Lanark. Current planning permission has been granted for the construction of a two-storey detached family home with four to five bedrooms, making it an attractive option for those desiring a quieter lifestyle amidst vast agricultural fields. The existing infrastructure includes mains water, grid electricity, and a private wastewater system, providing essential utilities for future development. This property has great potential as serviced accommodation. With local rates for four-bedroom properties starting around £130 per night (pending necessary planning approvals), investors could see significant returns. If managed at an occupancy rate of 80%, each unit could generate approximately £12,652 monthly across eight plots, translating to an impressive annual income potential that reflects an exceptional gross yield if acquired at the current guide price. The location offers not just tranquility but also opportunities for outdoor activities, with numerous walking trails and nature reserves in the vicinity. Residents benefit from access to local amenities including shops and schools, with transport links easily reachable via the nearby railway station in Lanark. Overall, this property stands out as a promising venture for developers and investors alike, aiming to capitalize on both its serene setting and the potential for profitable returns in this sought-after rural area. All inquiries related to planning should be directed to the appropriate local council to explore further possibilities.

Investment Analysis

(ML11 area)
Area Average
£161/sq ft

Renovation Potential

Medium 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
39
Average per month
Market Turnover
68%
Properties sold annually

Local Market Trend (ML11)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 8.9%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on ML11 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

Former Hawksland Reservoir, Greenrig Road, Hawksland, ML11 9QB
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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
£1,099
Based on a loan of £225,000 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