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Mearns Street, Inverclyde, Greenock PA15 - Image 1
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Mearns Street, Inverclyde, Greenock PA15

Scotland

£60,000Guide Price

Listed on 04/07/2026

Property details

Bedrooms
N/A
Type
Land

Description

This unique land parcel situated at the intersection of Mearns Street and Armadale Place in Greenock presents an excellent opportunity for development. Spanning approximately 0.104 hectares (0.26 acres), this cleared brownfield site previously housed a Scout Hall and lock-up garages, now demolished, leaving a versatile rectangular plot ready for redevelopment. Although no planning applications have been submitted and residential consent has not yet been granted, an indicative concept scheme suggests the potential for creating 12 contemporary two-bedroom apartments with associated parking, showcasing just one avenue to capitalise on the site's prospects. Surrounded by established residential areas and located within walking distance of Greenock town centre's amenities, this property benefits from strong transport links that connect it to Glasgow and beyond. The immediate environment is undergoing regeneration, enhancing its appeal for future residential or mixed-use projects. Interested parties are encouraged to engage with local planning authorities to explore development possibilities.

Investment analysis

(PA15 area)
Area Average
£109/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
17
Average per month
Market Turnover
71%
Properties sold annually

Local Market Trend (PA15)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +12.4%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on PA15 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

Mearns Street, Inverclyde, Greenock PA15
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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
£227
Based on a loan of £45,000 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

This calculation uses non-residential (land/commercial) tax rates.

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