Site at Redlums (Land near), Rousay, Orkney, Orkney Islands, KW17
HA

Site at Redlums (Land near), Rousay, Orkney, Orkney Islands, KW17

By Harcus Law Ltd

£ 45,000

Reviews

2 out of 5 stars

Harcus Law Ltd says ..

Offered for sale is this plot of land extending to approximately 5 acres, with planning permission (OIC ref 22/339/PP) to build a four-bedroom home accompanied by a barn. Boasting stunning, unobstructed views of the farmland leading to the sea.

Property Oracle says ..

This listing presents a unique opportunity to acquire a 5-acre plot of land near Redlums, Rousay, Orkney, with planning permission (OIC ref 22/339/PP) already in place for a four-bedroom house and barn. The site enjoys breathtaking views of the surrounding farmland and sea, providing an idyllic setting for a new build project. The existing land appears somewhat rugged from the provided images. The area is characterized by a remote and peaceful setting, suitable for those seeking seclusion. The absence of existing structures means that significant investment will be required for construction and development. The list price of £45,000 might appear initially low, but the buyer should factor in substantial construction costs. Further research should be carried out regarding local utility access, and the practicality of the building plans in the context of the land and local ordinances. While comparable land values within the area seem relatively high, this is somewhat countered by the existing approved planning permission.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
1
Location
3
Land
8
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
693,316.00 £
Increased by 17.15 %
from 591,814.00 £
Average area rental value
1,500.00 £/mo
Decreased by 55.22 %
from 3,350.00 £/mo
Est rental Yield
2.60 %
Decreased by 61.71 %
from 6.79 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Harcus Law Ltd created the listing.

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Church Road £ 000.00 KM
B9064 £ 250,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Building Site Near Sourin Mill, Rousay, Orkney £ 15,000BUY4 / 101.43 KM
Faroe, Rousay, Orkney £ 220,000BUYUnknown1.80 KM
Brinian House, Rousay, Orkney, KW17 2PU £ 230,000BUY6 / 101.94 KM