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The Old School, Tweedsmuir, Biggar, Scottish Borders, ML12 - Image 1
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The Old School, Tweedsmuir, Biggar, Scottish Borders, ML12 - Image 4
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The Old School, Tweedsmuir, Biggar, Scottish Borders, ML12 - Image 6

The Old School, Tweedsmuir, Biggar, Scottish Borders, ML12

Scotland

£160,000

Listed on 01/06/2026

Property Details

Bedrooms
N/A
Type
Detached
Area
1722 sqft

Description

This former school building presents a unique opportunity for redevelopment, subject to necessary local authority approvals. Currently utilized as storage, it has received planning permission in 2016 for transformation into a three-bedroom home complete with one or two reception rooms. The versatile space also lends itself to creative endeavours such as a yoga studio, art space, or woodworking shop. For detailed information on the planning status, interested parties can refer to planning reference 16/00808/FUL available on the Scottish Borders Planning portal. Nestled in the picturesque village of Tweedsmuir, just off the A701, this site offers convenient access to major routes leading to Edinburgh and Glasgow. The community is well-established with amenities including a village hall and the popular Crook Inn just a short distance away. Nearby Broughton provides additional facilities with its shop, tea room, craft brewery, and primary school. Further afield are the towns of Peebles and Biggar which boast secondary education options and vibrant high streets featuring both local artisans and wider retail chains. The area is famed for its outdoor activities including hill walking, mountain biking at 7Stanes, shooting, and trout fishing. Comprising approximately 1,722 square feet and set within 0.27 acres, this property holds significant potential for refurbishment into a stylish residential unit or a creative workspace.

Investment Analysis

(ML12 area)

Below Market Value

This property is priced -54.7% below area average per sq ft

-54.7%
Potential saving
This Property
£93/sq ft
Area Average
£205/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£388,216
10% above area average per sq ft
Potential ROI
+49.3%
After renovation
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 (ML12)

Area prices are falling by -8.3% over the last 12 months
3 year growth: +6.1%
5 year growth: +13.8%
Investment Disclaimer: Analysis based on ML12 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

The Old School, Tweedsmuir, Biggar, Scottish Borders, ML12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 over 30 years at 4.45% 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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