3-bedroom house · EH45 9HS
Listing removedListed 139 days
Opportunity summary
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About
Description Dogcraig Cottage is a traditional cottage, thought to have been built originally as a cottage and outbuilding, servicing the neighbouring Scotsmill and forming part of the wider Kailzie Estate.
It is a single storey dwelling, constructed of solid whinstone/part harled walls, under a pitched slate roof. There are PVC, mainly double-glazed windows throughout.
To the rear, a timber decking area provides elevated views over the adjoining River Tweed and west, up the valley towards Peebles.
The property includes a small outbuilding of part stone walls and timber sides under a corrugated iron roof. Outside there is ample car parking with a gravel driveway directly off the public road.
The property sits within a good sized, mixed terraced garden, totalling approximately 0.17 Ha (0.4 acres), with a lawn, shrubs, trees and wildlife embankment areas.
It does not include the adjoining riverbank, access rights to the river, nor any fishing rights.
Garden areas are enclosed by a mixture of stone walls and fences, with supplementary screening from trees and shrubs.
The cottage retains views over the River Tweed to woodland and open fields to the north, east and west.
The adjoining road and houses at Scotsmill, to the west and south-west, are screened by mainly stone walls.
Location Dogcraig Cottage lies in an accessible rural location, approximately one and a half miles south-east of the town of Peebles, in the western Scottish Borders area.
Peebles is a thriving market town set on the River Tweed and surrounded by magnificent countryside. It lies approximately 25 miles south of Edinburgh.
Local buses travel on a regular basis into Edinburgh city centre and Galashiels to the east.
The town offers a full range of shops and services, along with three primary schools and secondary school in addition to a wide selection of amenities including banks, post office, supermarkets, hotels, health centre, in addition to many cafes, restaurants and a theatre, all located around and off the High Street.
The Scottish Borders, and more specifically Peeblesshire, supports a large selection of outdoor opportunities including fishing, hillwalking, trail running and mountain biking, with the popular mountain biking location of Glentress Forest situated 2 miles to the east of the town.
The town is surrounded by rolling hills and valleys which provide a wealth of mountain biking and hill walking routes to suit many abilities. There are golf courses in Peebles and nearby Cardrona.
Peebles also boasts a local leisure centre and swimming pool.
Directions From the west end of Peebles High Street (Parish Church end), head south across Tweed Bridge on the B7062 (“Kingsmeadows Road”) and continue out of the town.
Dogcraig Cottage is located approximately half a mile from the town edge, on the left-hand side of the road, at a small grouping of houses, known as Scotsmill. Post Code: EH45 9HS.
It is strongly recommended that you do not rely on Satnav in this location and check on a route map prior to any scheduled viewing.
What3Words: ///afternoon.nests.galaxy Accommodation Accommodation comprises: Ground floor – Split level entrance hall with storage cupboard and separate boiler cupboard; sitting / dining room with feature fireplace (electric fire only); kitchen with wall and base units, two oven and two hob oil Aga and door to outside decking area; WC; bathroom with bath and over shower, WC and basin; bedroom 1 with built in wardrobe; and two further bedrooms.
Outbuilding Shed – part stone walls and part timber frame and timber clad under corrugated iron roof. Council tax The property is assessed for Council Tax as Band G.
Listing The property is not Listed, but adjoins buildings that are Listed. Services Mains electricity and water. Private drainage. Oil boiler central heating (no radiator in Bedroom 1) and hot water.
Oil Aga (cooking only). Items included All carpets, blinds/curtains and light fittings. Other items may be available by separate negotiation.
Third-party rights The neighbouring plot (to the east) retains a servitude right over the land at Dogcraig Cottage, to connect to mains services.
Property insurance The property is located next to the River Tweed, but above the sepa flood risk area.
The current owner has never had insurance refused as a result of the property location, nor raised any claims in relation to river flooding during their time in occupation. Entry By mutual agreement.
Home report A copy of the Home Report is available to interested parties from the selling agents.
Viewings and further information For further information or to arrange an appointment to view, please contact Walker Scott Ireland Ltd. Viewing is strictly by appointment.
Interested parties are advised to note interest with Walker Scott Ireland Ltd in order to be kept informed of any closing date that is set.
Please note, our client need not accept the highest offer, nor indeed any offer.
Anti-money laundering regulations To comply with current Anti-Money Laundering Regulations, any offer presented must be accompanied with Notarised/certified photographic evidence of the purchaser’s identity, separate evidence of the purchaser’s residential address or the offering parties must attend our offices with the original documents, before any acceptance of the offer can be confirmed and the property put “Under Offer”.
Purchasers must also be able to confirm their source of funding.
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.
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