Property · PH2 7QL
For saleListed 9 daysAuction 26 Nov · in 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fantastic development opportunity.
This fantastic commercial to residential conversion is situated in the charming Perthshire village of Errol.
A full programme of works is required, and planning permission has been granted under Perth & Kinross Planning Reference 24/00754/FLL to create three residential and one commercial unit, but it may be possible to submit planning for an alternative project.
The residential units may be suitable for short or long-term rental purposes, with the commercial unit being a great opportunity for rental or start up business.
The competitive guide price offers great added value potential, and we expect strong demand from a variety of buyers. Early viewing is essential.
Tenure
Freehold
Area
The charming village of Errol is nestled in the heart of Perthshire and blends rural living with convenient access to the cities of Perth and Dundee.
Local facilities are within the village, including local shops, cafes and primary school.
Commuting to Dundee and Perth is easy via the A90, and the village and surrounding area is also a magnet for outdoor enthusiasts.
Local Authority
Perth and Kinross Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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 advisors 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 Bruce Hall, Hall Wynd, Perth, Errol PH2 7QL
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