Development Site at Victoria Place
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Development Site at Victoria Place

By Williamson & Henry

£ 30,000

Reviews

2 out of 5 stars

Williamson & Henry says ..

An opportunity to develop existing lock up garage buildings to form an Artist’s Studio/Workshop and Store within the Artists’ Town of Kirkcudbright. Handily located within easy level walking distance of the town centre and all facilities, the site is subject to the Grant of Planning Permission

Property Oracle says ..

This property is a development opportunity located in Kirkcudbright, Dumfries and Galloway. The listing shows a site comprised of several dilapidated lock-up garages. The current condition requires substantial work before it could be used. The photos show a site containing old garages behind a chain-link fence, with a significant amount of construction debris visible. The plot’s size is not specified beyond the existing garage area; no garden space is apparent. The location is convenient due to its proximity to the town centre but situated in what seems to be an industrial zone. The nearby listings indicate this is a reasonably priced development site, but potential buyers must factor in the cost of demolition, redevelopment, and planning permissions to establish its real value. The absence of specific details about the existing garages’ structure or the approved planning consent for development makes a precise assessment challenging. Prospective buyers should conduct thorough due diligence, including a survey and investigation of planning regulations, to assess their investment’s feasibility and potential return. The property is suitable for an experienced developer comfortable with a project requiring substantial investment and renovation. The surrounding area seems scenic, with proximity to the town center, but lacks detailed information on schools, transport, and other essential services.

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
3
Location
6
Land
2
Bedrooms
0
Bathrooms
0
Sqft (est)
657.24

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
507,692.00 £
Decreased by 14.14 %
from 591,271.00 £
Est sale value
354,909.60 £
Increased by 25.58 %
from 282,613.20 £
Average area rental value
1,925.00 £/mo
Decreased by 6.28 %
from 2,054.00 £/mo
Est letting value
1,314.48 £/mo
Increased by 100.00 %
from 657.24 £/mo
Est rental Yield
4.55 %
Increased by 9.11 %
from 4.17 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Williamson & Henry created the listing.

Images

Development Site at Victoria Place - Williamson an Development Site at Victoria Place - Williamson an Development Site at Victoria Place - Williamson an

Nearby Streets

NameAverage PriceAverage SqftDistance
Dee Walk £ 000.00 KM
Victoria Park £ 000.00 KM
St Cuthbert Road £ 000.00 KM
Stirling Acres Road £ 220,00000.00 KM
Beaconsfield Place £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Development Site at Victoria Place £ 30,000BUY4 / 100.00 KM
57 Victoria Park, Kirkcudbright £ 150,000BUY6 / 100.38 KM
Inverdee, Tongland Road, Kirkcudbright £ 430,000BUY7 / 100.56 KM
20 Millburn Street, Kirkcudbright £ 695,000BUY8 / 100.59 KM
Building Plot at the Old Grain Store, Millburn Street, Kirkcudbright £ 100,000BUY4 / 100.62 KM