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Greenfield, Glenmavis, Airdrie ML6

Scotland

£595,000

Listed on 10/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1561 sqft

Description

This property presents a distinctive investment opportunity featuring three individual lots within an expansive land area. It includes a main residence, an additional bungalow requiring extensive refurbishment, and approximately 3.5 acres of land currently designated for greenbelt use with potential for commercial applications. The primary residence boasts a flexible layout, including a welcoming entrance hall, two front-facing lounges that could easily adapt to suit various needs, a dining room, and a fully equipped kitchen leading into a conservatory and utility space. The upper floor comprises three generous bedrooms, including a master suite with additional family room space, and another bedroom serving as a dressing room alongside a family bathroom. The separate bungalow is a 3-bedroom unit that demands complete renovation but holds significant promise for value enhancement post-refurbishment, potentially exceeding £300,000 in market value once completed. The expansive outdoor area was historically utilized for commercial purposes by a transportation business for three decades. Legal advice suggests there may be possibilities for re-zoning from greenbelt to brown belt to facilitate business ventures such as logistics or haulage. Located on the outskirts of Glenmavis in North Lanarkshire, the property balances rural charm with proximity to urban centres like Airdrie and Cumbernauld, benefiting from excellent transport links. With its blend of residential comfort and commercial viability combined with ample land for development, this property is an exceptional find for investors or families seeking versatility.

Investment Analysis

(ML6 area)

Above Market Value

This property is priced +122.3% above area average per sq ft

+122.3%
This Property
£381/sq ft
Area Average
£172/sq ft
Avg Rent (weekly)
£184
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£294,483
10% above area average per sq ft
Potential ROI
-58.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
105%
Properties sold annually

Local Market Trend (ML6)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +8.8%
5 year growth: +20.1%
Investment Disclaimer: Analysis based on ML6 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

Greenfield, Glenmavis, Airdrie ML6
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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
£2,248
Based on a loan of £446,250 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.

Stamp Duty Calculator

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