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See how verdicts workHouse · ML11 8JZ
For saleListed 192 days
Opportunity summary
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About
Seldom available within a central location, this sizeable plot offers you the opportunity to convert an existing former coach house into a detached, three bedroom family home.
The site itself sits to the rear of 68 Main Street, Carnwath and is accessed from the Main Road and measures approximately 0.19 of an acre.
South Lanarkshire Council Planning Application No: P/25/1157 Former Coach House Development Opportunity An excellent opportunity to acquire a traditional former coach house set within approximately 0.19 acres, offering significant development potential in a desirable setting.
The property comprises a two-storey brick-built former coach house, currently arranged as two large open-plan spaces over two levels.
The building retains a wealth of character, with a substantial barn-style door providing access, making it ideally suited for conversion.
Full planning permission is in place until 2029 for the conversion of the existing structure into a three-bedroom dwelling, complete with a detached garage.
This presents an attractive prospect for developers or private buyers seeking to create a bespoke home. Externally, the property benefits from an enclosed rear garden, predominantly laid to grass.
The garden is bounded by a stone wall to the rear and one side, with a timber fence to the remaining boundary, and is enhanced by a selection of mature trees providing privacy and a pleasant outlook.
A new storage container is also located within the grounds.
This is a rare opportunity to acquire a characterful building with approved planning consent, set within generous grounds, offering excellent potential for redevelopment into a unique residential property Vehicular access is taken to the site via an existing historic pend, directly from Carnwath Main Street.
This brings you in to a shared courtyard which then provides further access to a private driveway. The plot is serviced and covers approximately 0.19 of an acre.
The current approved plans allow the property to be developed in to a 3 bedroom, 3 bathroom property with good sized kitchen diner and dual aspect living room.
The plans also include the construction of a detached garage set to the rear of the partially walled garden.
Area Carnwath is a small rural village in central Scotland, known for its quiet countryside setting and historical character.
It sits roughly halfway between Edinburgh and Glasgow, making it a peaceful spot within commuting distance of two major cities.
It's part of South Lanarkshire and surrounded by farmland, rolling hills, and open countryside.
Full details of the proposed development can be found on South Lanarkshire Council Planning Application website. Plan No: P/25/1157
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 68b Main Street Carnwath
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