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See how verdicts workHouse · ML11 8JY
For saleListed 85 days
Opportunity summary
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About
A unique opportunity to acquire a charming traditional house, a traditional office building and a useful site extending to approximately 1.9 acres (0.76 hectares).
Occupying an attractive position on the western edge of the sought-after village of Carnwath, Townfoot Cottage and the adjoining Old Estate Office present a rare opportunity to acquire two traditional stone-built properties with considerable character and outstanding potential.
Set within a mature and established setting, the properties offer an appealing blend of period charm and development opportunity, making them well suited to a variety of purchasers, including those seeking a renovation project, a multi-generational living arrangement or an opportunity to create a distinctive rural home.
Townfoot Cottage is a charming traditional cottage retaining many of the characteristics associated with its age and heritage, while the Old Estate Office is an attractive former estate building with traditional stone elevations and a wealth of original character.
Subject to the necessary consents, the properties provide excellent scope for sympathetic restoration, conversion or redevelopment, allowing a purchaser to create accommodation tailored to their own requirements whilst preserving the architectural qualities of these historic buildings.
The house offers spacious living areas on the ground floor including two reception rooms, a kitchen and utility room, WC and two offices.
The accommodation on the first floor offers three bedrooms and an upstairs bathroom.
The properties enjoy a convenient location within easy walking distance of Carnwath’s amenities, including a village shop, primary school, health centre and local services.
Carnwath is well placed for commuting to both Edinburgh and Glasgow, with excellent road connections via the A70, A721 and M74, whilst nearby Carstairs Railway Station provides regular rail services to Scotland’s principal cities.
Surrounded by attractive South Lanarkshire countryside yet offering excellent accessibility, Townfoot Cottage and the Old Estate Office represent an increasingly rare opportunity to secure and restore a pair of traditional rural buildings in an accessible village setting.
The site sits within the Carnwath settlement boundary within the South Lanarkshire Local Development Plan 2, having previously been zoned for housing (ref: CL5147) in the last Development Plan.
The site previously had Planning Permission in Principle (ref: CL/13/0445) for residential development. This expired in 2017.
Flood risk surveys have been carried out and copies of these can be provided upon request.
The purchaser will be required to provide vehicular and pedestrian access through the site to Ashlee House and Eagle Cottage over a line between points a-b and a-c on the plan to be agreed.
In addition to this, access including pedestrian and vehicular to the adjoining woodland to the west of the site and this will need to be agreed with the Seller.
The site is located on the outskirts of the village of Carnwarth at the southern end of the Pentland hills in South Lanarkshire. Carnwarth – 0.4 miles Edinburgh – 27 miles Glasgow – 32 miles
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.
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FAQ
About Townfoot Cottage & Old Estate Yard,, Carnwath, Lanarkshire
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