Old Bank House Main Street, Newtonmore, PH20 1DD
McEwan Fraser Legal logo

Old Bank House Main Street, Newtonmore, PH20 1DD

By McEwan Fraser Legal

£ 240,000

Reviews

2 out of 5 stars

McEwan Fraser Legal says ..

The Old Bank House, Newtonmore - A grand period property stripped back to a blank canvas with new essentials in place and ready to install such as kitchen and windows. Ready for your vision and creativity to bring it all to life!

Property Oracle says ..

Old Bank House is a substantial period property located on Main Street in Newtonmore, Highlands, Scotland. The property is currently undergoing a complete renovation. The listing highlights that essential elements such as new windows have already been installed, leaving the interior as a blank canvas awaiting completion.

The exterior photos reveal a sizeable building with a traditional design. The available internal photographs show the significant work required, with most rooms stripped back to brickwork or revealing substantial refurbishment needs. The interior demonstrates the need for full renovation, including fixtures, fittings, finishes, and potentially structural work in some areas. A small area of land is present at the rear of the property. There is some evidence of possible overgrowth.

The property’s location on the Main Street offers potential advantages for access to local shops and amenities in the village of Newtonmore. Proximity to the railway station might appeal to commuters. However, the lack of information regarding schools in the immediate vicinity limits the potential to fully assess the family-oriented attributes of the location.

The listed price should be considered in light of the extensive work needed. While comparable properties in the area sell for similar prices, prospective buyers must factor in the significant renovation costs. This makes this property more suitable for buyers experienced in property renovation or those comfortable with managing a large-scale project. While it presents potential for a desirable finished home, the considerable upfront investment is a key consideration.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
3
Bedrooms
0
Bathrooms
0
Sqft (est)
1,048.94

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
314,643.00 £
Decreased by 7.76 %
from 341,104.00 £
Est sale value
501,393.32 £
Increased by 76.38 %
from 284,262.74 £
Average area rental value
950.00 £/mo
Increased by 16.28 %
from 817.00 £/mo
Est letting value
1,048.94 £/mo
from 0.00 £/mo
Est rental Yield
3.62 %
Increased by 26.13 %
from 2.87 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • McEwan Fraser Legal created the listing.

Images

MFL3231923_280.jpg MFL3231923_017.jpg MFL3231923_418.jpg MFL3231923_805.jpg MFL3231923_136.jpg MFL3231923_600.jpg MFL3231923_411.jpg MFL3231923_665.jpg MFL3231923_111.jpg MFL3231923_829.jpg MFL3231923_549.jpg MFL3231923_931.jpg MFL3231923_398.jpg MFL3231923_078.jpg MFL3231923_148.jpg MFL3231923_787.jpg MFL3231923_114.jpg MFL3231923_645.jpg MFL3231923_575.jpg MFL3231923_093.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Loch na Leoba Road £ 340,00000.00 KM
Craigdhu Road £ 000.00 KM
Laggan Road £ 000.00 KM
B9150 £ 150,00000.00 KM
Braeside Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newtonmore8668NWR0.68 KM
Kingussie8655KIN8.04 KM

Nearby Listings

AddressPriceTypeScoreDistance
Old Bank House Main Street, Newtonmore, PH20 1DD £ 240,000BUY3 / 100.00 KM
Main Street, Newtonmore, Inverness-Shire £ 425,000BUY6 / 100.04 KM
Monarch Country Apartments, Main Street, Newtonmore £ 130,000BUY6 / 100.11 KM
Letterbox Restaurant and House, Main Street, Newtonmore, PH20 1DA £ 320,000BUY7 / 100.27 KM
Newtonmore, Inverness-Shire £ 349,000BUY7 / 100.39 KM