The palace near Edinburgh costs £300, 000, but needs between £1m and £2m spent on it
Experts urged buyers to take into account very carefully the costs of renovation jobs, saying they may be better off financially buying a finished home instead.
It is a long way off from days whenever unloved properties were quickly offered at an important revenue after all of the prices of remodelling were considered.
Professionals advised around £2million has to be used on the £300, 000 residential property before anyone could give consideration to moving in.
Referred to as 'once a building of note into the Scottish Borders', all of that stays are 'the bricks and mortar' associated with the five storey, south-easterly wing.
Tony Perriam, of Rettie estate agents, explained: 'It is an overall total damage and a total restoration is needed. The ultimate quantity that should be spent will depend on the degree of this repair - nonetheless it might be as much as £2million.'
The property is in the beautiful Scottish Borders
He explained the majority of those watching the home to date have now been thinking about turning it into their primary home. 'It could be a Grand Designs-type project, ' he said.
'It is within an unspoilt setting and provides a lot of privacy. It's really worth rebuilding as it is in a well known area of the country.'
The palace has been in the exact same family members for 300 many years and is B-listed - which will be like the equivalent of level II listed in England.
Edinburgh ended up being named as the best place in the nation to live in a recently available well being list.
It outdid every single other British region, as residents reported reduced crime prices, inexpensive lifestyle expenses, high salaries and fast broadband, according to USwitch.
It comes as professionals warn buyers that remodelling discounts is almost certainly not the financial deal they certainly were dreaming about.
Camilla Dell, managing lover at buying company Ebony Brick, stated: 'the key concern with unmodernised properties is down seriously to purchasers believing which they represent the best value. Renovation projects attract lots of interest with this extremely reason. Buyers think they have been getting a good deal, but often the reverse does work and, since they attract so much interest, unmodernised properties can actually wind up attempting to sell for a premium.
'much better deals can be achieved on completely developed properties that have been in the marketplace for some time with a developer owner which really must make a-sale. During these circumstances, great deals at significant discounts is possible consequently they are much better than numerous unmodernised properties.'
Jo Eccles, handling manager of home search organization Sourcing Property, stated: 'Buyers must develop an economic buffer as there are so many unknowns that can impact the process.
'They won't manage to judge just what truly lies behind a wall until they will have established it up and investigated – something can't be done until they really own the house.'
The property is a 'total ruin' without any roof or house windows - and trees developing out of the wall space
Estate agents advise a Grand Designs-type renovation might be carried out on home
Professionals warn renovation projects aren't always the economic price homebuyers may a cure for
The finished restoration could provide property that's ready for a family group to maneuver into
The home was indeed owned by one family members for over 300 many years, but now appears neglected
All of that remains regarding the castle are the bricks and mortar of the five storey, south-easterly wing
It's significantly less than one-and-a-half hours from Edinburgh in Scotland
A number of the wall space are up to eleven foot thick and detail around fireplaces and cornicing nonetheless continue to be