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Greenfield, Glenmavis, Airdrie ML6

Scotland

£595,000
Listed on 20/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1561 sqft

Description

Presenting a remarkable opportunity to acquire three distinct lots within a substantial land parcel, this property combines residential and commercial prospects. The main residence boasts an adaptable layout, featuring an inviting reception hallway, two spacious lounges (one of which could be converted into an extra bedroom), and a dining area. The kitchen is fully equipped and complemented by a conservatory and utility space. On the upper floor, there are three generous bedrooms; the master suite includes an adjoining family room, alongside another bedroom currently serving as a dressing room and a family bathroom. An additional bungalow on the premises offers three bedrooms but is in need of extensive refurbishment. Upon completion of necessary renovations, it is anticipated that its value could exceed £300,000. The property encompasses approximately 3.5 acres of land currently designated as greenbelt but has historical use for transportation. Legal advice suggests that re-zoning for commercial development should be achievable given its past operational status as a haulage business. This vast yard area presents excellent potential for various business opportunities. Located on the outskirts of Glenmavis in North Lanarkshire, residents benefit from a blend of serene rural living while remaining close to urban centers like Airdrie and Cumbernauld. Convenient transport options via the M80 and M9 motorways enhance accessibility across Scotland's central belt. This unique property not only serves as a charming family home with flexible space but also represents significant investment potential through residential or commercial avenues. With traditional features, expansive land holdings, and the possibility for further development or income generation from the bungalow and surrounding land, this listing stands out as an exceptional find for discerning buyers.

Investment Analysis

(ML6 area)

Above Market Value

This property is priced +140.7% above area average per sq ft

+140.7%
This Property
£381/sq ft
Area Average
£158/sq ft
Avg Rent (weekly)
£183
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£271,903
10% above area average per sq ft
Potential ROI
-60.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
137%
Properties sold annually

Local Market Trend (ML6)

Area prices are rising by +3.4% over the last 12 months
3 year growth: +14.0%
5 year growth: +20.4%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,107
Based on a loan of £446,250 over 30 years at 3.91% 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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