We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · KW17 2TG
For saleListed 1070 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
K Allan Properties are delighted to present this unique development opportunity to the market. Bankburn is a spectacular property, which has a huge amount of potential on offer.
The property is located on the outskirts of St. Margaret's Hope, close to local amenities. Currently comprising of a two-storey development with many outbuildings and a lodge positioned to the rear.
The property is presented to the market in an unfinished condition and will require vision to unveil its full potential.
About This Development - This development offers a functional layout spread across two floors. As an empty shell the property could be amended with the correct permissions in place.
The proposed plans for the main development within Blackburn is for the following, a living room, bedroom with an en-suite, kitchen and a W/C.
The First floor proposal was for two large double bedrooms with en-suites and a large landing. The interior is a blank canvas and may be adaptable with the correct permissions in place.
The Lodge - The lodge is a well presented static caravan which has been amended to provide a comfortable standard of living.
Comprising of open-plan living/kitchen, shower room, family room/dining room and two bedrooms, one with an en-suite.
The lodge also has a lovely enclosed garden to the rear with access to the outbuildings. Services - Planning application - 14/329/PP Land - Approx.
1 acre Electricity: Mains Water: Mains Drainage: Septic tank Telephone: Connected in the lodge Heating: Electric panel heaters in the lodge. Where Is Bankburn?
- Bankburn is positioned off the main road in St. Margaret's Hope, a short drive from the Pentland Ferry berthing port with regular access to the mainland and other local amenities.
The village has two pubs with food service, a bar, a local produce café and two convenience shops including a post office (with a cash facility).
There is also a community garden, blacksmith, museum, art gallery and craft shop. Viewings - By appointment only, arranged through K Allan Properties.
Call or email Offers To - K Allan Properties Watergate Kirkwall KW15 1PD OR VIA EMAIL WHICH CAN BE FOUND ON OUR WEBSITE Disclaimer - Whilst we endeavour to make these particulars accurate, they do not offer/form any part of a contract on offer and are not guaranteed.
Measurements are approximate. We have not tested electricity, gas or water services or any appliances. Photographs may have been taken with a wide angle lens.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About Bankburn Farm, St. Margarets Hope, Orkney
Explore nearby