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Lunga Mill, Craobh Haven, Lochgilphead PA31 - Image 1
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Lunga Mill, Craobh Haven, Lochgilphead PA31 - Image 3

Lunga Mill, Craobh Haven, Lochgilphead PA31

Scotland

£440,000
Listed on 02/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated on the outskirts of Craobh Haven, Lunga Mill presents a distinctive opportunity for renovation enthusiasts looking to transform a historic property into a contemporary residence. Originally constructed in the 1700s as a grain and sawmill for the Lunga Estate, this building has retained much of its charm, featuring original stone walls and oak beams. With existing planning permission for an extension (reference number 22/01102/pp from Argyll & Bute Council), the groundwork has been laid for a project that respects the mill's heritage while incorporating modern comforts. The generous reception area boasts large windows that flood the space with natural light and offers stunning views over surrounding countryside and seascape. The grounds, nearly one acre in size, include enchanting gardens with established plants and charming pathways, providing ample opportunity to create outdoor living spaces. While some existing structures like a timber garage and summer house will require refurbishment, they add potential character to this unique property. As the mill is uninhabitable in its current state, all utilities would need upgrading, making it an investment not just in real estate but also in creativity and vision.

Investment Analysis

(PA31 area)
Area Average
£194/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PA31)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -5.5%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on PA31 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

Lunga Mill, Craobh Haven, Lochgilphead PA31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,612
Based on a loan of £330,000 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