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Rackmill House, Dollarfield, Dollar FK14 7LX

Scotland

£375,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1432 sqft

Description

Introducing a historical gem, Rackmill House is a detached three-bedroom residence with origins dating back to around 1900, providing an exceptional opportunity for enthusiastic renovators or investors. Formerly a mill, this property boasts unique architectural features and is set within a serene setting adjacent to the picturesque River Devon on a generous plot. Currently, it includes several outbuildings which offer potential for conversion or extension, appealing to those needing additional space for hobbies, business purposes, or even creating separate living accommodations (subject to planning permission). The ground floor comprises an entrance hall that showcases an original stone wall, providing character upon entering. A spacious lounge equipped with a log burning stove adds warmth and charm while leading into a substantial kitchen/dining area that serves as the heart of the home. The kitchen features solid wood cabinetry, granite worktops, and an Aga stove - all awaiting modern updates to suit contemporary tastes. The utility room and accessible shower room further enhance convenience on this level. Ascending upstairs reveals two sizable bedrooms on the first floor with one having an ensuite shower room. The upper floor houses bedroom three along with another well-appointed shower room. Each bedroom enjoys ample natural light and plenty of storage options. Externally, the property stands out with beautifully laid gardens bordered by mature trees and shrubs creating a secluded atmosphere. The cobbled terrace offers an outdoor retreat while remnants of the former mill add historical intrigue. The extensive outbuildings provide versatility; the considerable garage could be transformed into additional living space given necessary approvals. With private fishing rights along the adjoining riverbank further enhancing this property’s appeal, Rackmill House presents itself not just as a family home but as a project ripe for development that blends history with modern living potential.

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Investment analysis

(FK14 area)

Above Market Value

This property is priced +6.4% above area average per sq ft

+6.4%
This Property
£262/sq ft
Area Average
£246/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£387,578
10% above area average per sq ft
Potential ROI
-16.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (FK14)

Area prices are falling by -11.3% over the last 12 months
3 year growth: -2.3%
5 year growth: +9.4%
Investment Disclaimer: Analysis based on FK14 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

Rackmill House, Dollarfield, Dollar FK14 7LX
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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
£1,417
Based on a loan of £281,250 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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