Land
For saleListed 3 daysAuction 5 Nov · in 10 days
Opportunity summary
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About
** sale by auction - 05 November 2026 - Timed Online Auction ** An exciting and rare opportunity to acquire a prime gap land site measuring approximately 1,035m² (0.104ha, 0.256acres)located within an affluent and prestigious Scotia Homes residential development in the highly sought-after Milton of Leys area of Inverness.
Area Coloured (pink) - 1,035m² (0.104ha, 0.256acres) or thereby. Currently zoned amenity land, with no previous planning applied for and may have development potential subject to planning permission.
The surrounding area boasts strong property values, providing robust comparative sales data nearby on Redwood Avenue: *excellent local sales evidence*: 9 Redwood Ave: £440000 June 2026; Redwood Ave: £570000 Mar 2024; 21 Redwood Ave: £425000 Sept 2025; 55 Redwood Ave: £420000 Nov 2023; 25 Redwood Ave £430000 Oct 2023 While currently designated as amenity land, this versatile plot offers multiple potential uses for prospective buyers, subject to gaining the necessary planning consents) including: Residential development potential (subject to planning permission) Garden extensions for neighbouring properties, Portable home site, Allotments or community growing spaces, Biodiversity net gain / carbon capture initiatives Milton of Leys is a popular residential area on the outskirts of Inverness which enjoys a range of amenities including a Co-Op convenience store, pharmacy, fish & chip shop, Indian takeaway and a sought after primary school.
A regular bus service connects to the city centre and other areas of Inverness.
Elevated Views: Because of its hillside position rising above the city, many parts of Milton of Leys enjoy scenic views across the Moray Firth and the surrounding Highland landscape.
Local Amenities Despite being a quiet residential area, it features a handy neighborhood hub offering day-to-day conveniences: Shopping & Services: Features a local Co-Op convenience store, a pharmacy, and essential retail outlets.
Food & Drink: Includes popular local spots such as a fish and chip shop and an Indian takeaway.
Education: Serves families well with the well-regarded Milton of Leys Primary School, located right within the community.
Transport & Accessibility Commuting: Positioned just off the A9, it offers convenient road access into Inverness city center (typically a 10-to-15-minute drive) as well as southbound routes toward Aviemore and Perth.
Public Transport: A regular local bus service connects the neighborhood directly to the city center and surrounding commercial areas, making it convenient for commuters and non-drivers alike.
Auction Details 05 November 2026,9am-3pm Timed Online Auction How to Bid Now Submit an enquiry now or visit our website for full details on how to bid on this property.
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Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About at Redwood Avenue, Milton of Leys, Inverness
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