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Elsrickle, Biggar ML12

Scotland

£400,000
Listed on 10/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity on an expansive approximately 2.3-acre plot, accompanied by an additional adjoining 8.05-acre field. Currently, there is Planning Permission in Principle to develop up to nine detached homes, with a more focused application underway to refine the project into five larger plots that will utilize a shared private access. This updated plan notably simplifies development by eliminating the requirement for an adoptable road and associated costs, making it a more feasible and cost-effective prospect for small-scale developers and self-builders seeking generous land with lifestyle or equestrian potential. Situated in the tranquil village of Elsrickle, South Lanarkshire, this site benefits from a pleasant rural setting while being well-connected to amenities in nearby towns such as Biggar and Lanark. The accessibility to major routes offers convenience for commuting to Glasgow and Edinburgh, enhancing its appeal for prospective residents. With direct roadside access and proximity to local schools, this site holds considerable promise for constructing quality family homes amidst the picturesque Scottish landscape. Given its current planning status and the expanding local infrastructure, future owners can expect a straightforward path towards development while capitalizing on the region's growth potential.

Investment Analysis

(ML12 area)
Area Average
£203/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
283%
Properties sold annually

Local Market Trend (ML12)

Area prices are rising by +13.3% over the last 12 months
3 year growth: +16.3%
5 year growth: +24.5%
Investment Disclaimer: Analysis based on ML12 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

Elsrickle, Biggar ML12
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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