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Mid Rinnigall, Hoy, Orkney KW16 - Image 1
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Mid Rinnigall, Hoy, Orkney KW16

Scotland

£60,000
Listed on 24/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Discover the potential of this traditional detached stone cottage located on the serene island of Hoy, an environment ripe for renovation. Nestled in a peaceful area, the property offers stunning views over Mill Bay toward Lyness Pier and the neighboring Island of Flotta. This scenic backdrop presents a unique opportunity for those looking to invest in a property that can be transformed into a charming retreat. While the cottage requires complete renovation, it currently benefits from essential utilities, including mains electricity and water. Additionally, there is an existing pad where previous owners installed a static caravan, indicating further development possibilities. The estate includes two outbuildings, with the largest measuring 4.3 x 12.3 meters, offering versatile space for storage or conversion into usable areas. Hoy itself is rich in natural beauty and historical significance, known for its rugged terrain and diverse wildlife. The island provides essential amenities such as a well-stocked shop, post office, petrol station, and recreational facilities including a swimming pool and museum. With regular ferry services from Stromness to Moaness and Houton to Lyness, access to the mainland is convenient for residents and visitors alike. This property not only represents a chance to create a lasting home or holiday escape but also functions as an investment opportunity in an increasingly sought-after location within the Orkney archipelago. Whether you are looking to restore this cottage to its former glory or develop it further, this listing invites creativity and vision in one of Scotland's most picturesque islands.

Investment Analysis

(KW16 area)
Area Average
£181/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (KW16)

Area prices are rising by +21.3% over the last 12 months
3 year growth: 7.7%
5 year growth: 49.4%
Investment Disclaimer: Analysis based on KW16 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

Mid Rinnigall, Hoy, Orkney KW16
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE