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Development Opportunity, Mill House, Torrance - G64

Scotland

£610,000

Listed on 31/03/2026

Property details

Bedrooms
N/A
Type
Link Detached House
Area
1206 sqft

Description

Presenting an extraordinary opportunity, this property package includes both Millhouse and Upper Millhouse, situated on a striking former mill site in Torrance. These two distinctive buildings, designed in the early 1970s with an innovative architectural approach, showcase reclaimed stone, robust structures, and large expanses of glazing that contribute to their unique appeal. While each residence boasts impressive space independently, the total area offers remarkable potential for redevelopment. With creative vision, one could transform these properties into a single stunning contemporary home that harmoniously merges modern aesthetics with industrial heritage. The existing layout provides generous room sizes and multiple living areas alongside ample bedroom accommodations across approximately 2,226 square yards (0.45 acres) of garden space. The surrounding grounds not only give a sense of privacy but also enhance the semi-rural ambiance while being conveniently close to local amenities and transport options. This unique acquisition can either maintain its dual dwelling status or be innovatively reconfigured into a landmark private residence, pending necessary planning permissions.

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Investment analysis

(G64 area)

Above Market Value

This property is priced +97.1% above area average per sq ft

+97.1%
This Property
£506/sq ft
Area Average
£257/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£340,406
10% above area average per sq ft
Potential ROI
-60.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (G64)

Area prices are rising by +9.5% over the last 12 months
3 year growth: +16.3%
5 year growth: +24.8%
Investment Disclaimer: Analysis based on G64 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 Opportunity, Mill House, Torrance - G64
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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
£2,305
Based on a loan of £457,500 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.

Stamp duty calculator

Next Steps

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