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See how verdicts workDetached house · PH1 5HH
For saleListed 367 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SITUATION 29 Barossa Place is ideally positioned within a desirable area of Perth, close to the open space of the North Inch on the banks of the River Tay.
There are many recreational facilities close by including the Perth Tennis Club, Bells Sports Centre and the North Inch Golf Club.
In addition, Perth offers the Dewars Ice Rink, home to the Perth Curling Club, Perth Leisure Centre and the Doo’cot Cricket Club.
The retail facilities are within walking distance which includes a range of independent and national retailers, coffee shops and restaurants.
Perth provides further city amenities including a railway station, cinema, theatre, concert hall and retail parks.
The A9 and M90 are both convenient for linking to Dundee, Stirling, Glasgow and Edinburgh.
Dundee, can be reached in approximately 30 minutes by car, via the A90 and provides two universities, shopping centres, Olympia swimming pool and is home to the new V&A Museum.
In addition, the airport in Dundee has services to London. There is a broad range of schools within comfortable reach of Barossa Place including primary and secondary schools within Perth itself.
In addition there are the independent schools of the High School of Dundee, Strathallan, Kilgrastion, Morrison’s Academy, Glenalmond and both the preparatory schools of Craigclowan and Ardvreck.
Perthshire is a county offering a wealth of recreational opportunities. For the winter sport enthusiast, the ski slopes of Glenshee can be reached in about an hour by car.
For golfers, there are three courses at Perth, Rosemount in Blairgowrie and numerous championship courses at St Andrews.
The world renowned Gleneagles Hotel, with three championship courses, lies some 18 miles south.
Walking and cycling may be enjoyed in the surrounding countryside and the nearby hills and glens of both Perthshire and Angus provide a rich environment for wildlife and wealth of walking routes.
DESCRIPTION 29 Barossa Place is a most attractive, double fronted Period town house currently operating as a commercial office with a number of businesses utilising the existing office space and associated facilities.
The current office accommodation lies over three floors with the rooms being of a well-proportioned size and offering great potential and flexibility to develop and re-configure into a residential house for modern family living.
Alternatively, subject to obtaining the necessary consents it may offer potential for conversion into flats. The site extends to about 0.23 acre (0.1 Ha) in total.
An enclosed garden with a stone wall, newly planted hedge and lawn lies to the front with a path leading onto Barossa Place.
To the rear is an enclosed hard standing area accessed from Hay Street which is currently used as a car park for the business occupants of the property.
This offers the opportunity for a range of landscaping options to suit the house and new owner.
PLANNING PERMISSION AND DEVELOPMENT POTENTIAL Planning permission was granted on 25th November 2020 for change of use from office (Class 2 and 4) to a dwelling house under reference 20/01403/FLL which has lapsed in November 2023.
Further details on the planning permission can be obtained from the Selling Agents or via Perth and Kinross Council’s planning portal.
In addition the current owners have submitted a pre-planning application in respect of a potential development site for a new build unit within the car park area to the rear.
Further information is available from the Selling Agents. EPC Rating = E
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
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 29 Barossa Place, Perth, PH1
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