4-bedroom detached house · DD4 0RE
For saleListed 230 days
Opportunity summary
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About
SITUATION The Old Watermill is situated in a rural location about a mile west of the hamlet of Tealing, surrounded by the beautiful Angus countryside.
There is excellent access on to the A90 with Dundee city centre being a mere 15-minute drive away.
The City of Dundee offers a wide array of services and amenities including local and national retailers, banking and leisure facilities, 2 Universities, cinemas, bus and train stations as well as an airport with regular flights to London.
Both Edinburgh and Aberdeen can be reached in over an hour by car and host a further range of amenities including International Airports.
Angus offers a breadth of recreational opportunities and The Old Waterhouse is ideally placed to make the most this vibrant county has to offer.
The nearby Angus Glens provide a myriad of walking and cycling trails and a number of Munros all within easy reach.
There are many golf courses within easy reach including courses in Dundee, Kirriemuir and Forfar.
DESCRIPTION The old Watermill is a most attractive contemporary barn conversion sitting within a well tended garden with great views over the surrounding countryside.
The house has a stone exterior lying under a slate roof with double glazing throughout. The house provides a wealth of bright and spacious accommodation over two floors.
The kitchen/dining/living room benefits from an excellent range of wall and base units, integrated appliances and a woodburning stove, it enjoys dual aspect views over the garden and paddocks and is a superb family space.
The ground floor has two double bedrooms and a shower room and there is a further double bedroom with an ensuite bathroom that is currently used for dog grooming.
The first floor opens up into a most wonderful sitting room/games room which is ideal for entertaining guests as well as providing a fantastic family space.
It benefits from a balcony via French doors as well as a Juliette balcony providing ample light and enjoys spectacular views over the paddocks and surrounding countryside.
The first floor is completed by the principal bedroom with an ensuite as well as a WC.
ACCOMMODATION Ground Floor: Front Hall, Kitchen/Dining/Living Room, Utility Room/Larder, Double Bedroom with Ensuite, 2 Further Double Bedrooms, Shower Room, Storage Cupboards.
First Floor: Sitting Room / Games Room, Principal Bedroom with Ensuite, WC.
GARDEN AND GROUNDS The Old Watermill sits within delightful and well-maintained grounds that provide an attractive backdrop with great views over the surrounding countryside.
A good-sized paved parking area provides ample parking as well as space for a newly built summer house with a hot tub.
Wrapping around the rear of the house is a lovely garden, mostly laid to lawn with mature trees and hedging providing structure and privacy.
there is a useful garage at the top of the garden as well as a summerhouse.
Adjacent to the house is a spacious yard with two newly built timber stable blocks, the stables have concrete floors and can be split into stables or kept open for storage.
The yard and stables benefit from their own access off the hared access track.
The yard and stables are complimented by approximately 4.58 acres which is split into a number of good-sized paddocks and is ideal for horses as well as potentially for smallholding use or extended gardens.
EPC Rating = D
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 The Old Watermill, Balnuith Farm, Tealing, Dundee, Angus, DD4
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