2 Canal Street Falkirk FK2 7FD
Scotland
£35,000Guide Price
Listed on 29/09/2026
Listed on 29/09/2026
The listing
Property details
Bedrooms
N/AType
Commercial PropertyDescription
Offered at auction, this vacant detached building in Falkirk is described as requiring full renovation. The listing outlines a possible arrangement, subject to planning, of two ground-floor flats, a three-bedroom flat on the first floor, and two further flats on the second floor, including a duplex. The proposed configuration and any change of use or subdivision would need to be checked with the relevant authorities.
The seller suggests potential rental income of £650 per month once the property has been improved and let. No supporting sales evidence or floor area is provided in the listing. The property is open to immediate offers and is also due to feature in a timed online auction, with a bidding account required to participate.
Falkirk is described as having local shops, services, schools, parks and leisure facilities, with road and rail connections towards Edinburgh and Glasgow. The building is vacant, and its condition and proposed multi-flat layout make this a substantial refurbishment and feasibility project.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
39out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial multi-storey building with numerous internal spaces and scope for a major repositioning project. The listing proposes several flats subject to planning, while the photographs show a building stripped back to damaged floors and ceilings, peeling finishes, debris and apparent moisture staining in several areas; the exterior is weathered and some glazing appears boarded or damaged. The visible kitchen-like area and bathroom are also in a deteriorated, incomplete state. The renovation range of £180,000–£350,000 indicates a full-gut scale of work, rather than a cosmetic refresh.
The £35,000 asking price cannot yet be judged against local £/sqf because the floor area is missing, and the score is therefore a low-opportunity E rather than a confirmed value bargain. The building’s scale and potential to reshape the internal spaces are its main attractions, but the proposed flat layout and planning feasibility need verification.
Key opportunities
- The multi-storey building and numerous internal spaces offer scope to reconfigure the layout around the proposed flats, subject to planning and compliance.
- Extensive stripping gives a buyer the chance to plan new finishes and flooring across the building rather than simply update a few tired rooms.
- The substantial building offers a broad repositioning project, with the visible kitchen-like service area and bathroom providing clear scope for replacement.
Key risks
- The stripped, debris-filled interiors, damaged floors and ceilings, and £180,000–£350,000 works range make this a full-gut budget and programme, not a cosmetic refresh.
- Apparent moisture staining in several areas warrants investigation; the exterior is weathered and some glazing appears boarded or damaged.
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Transport
Nearest stations
Falkirk Grahamston Rail Station
0.5 miles
Train · Falkirk
Camelon Rail Station
1.3 miles
Train · Camelon
Falkirk High Rail Station
1.3 miles
Train · Falkirk
Larbert Rail Station
1.9 miles
Train · Larbert
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£132
Based on a loan of £26,250 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
Pricing
Price history
-30.0% since listed
£35,000£15,000(-30.0%)
20/10/2026£50,000Initial listing
28/09/2026Services
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