What Carmichael Homes does

Carmichael Homes is a privately held, boutique Scottish residential property developer founded in 1994 and headquartered at Challenge House, 29 Canal Street, Glasgow. The company designs and builds new homes, apartments, and duplexes across the Scottish Central Belt — including Greater Glasgow, Edinburgh, Stirling, and Falkirk — and operates both private-market developments and grant-funded affordable housing projects in partnership with local authorities and the Scottish Government. Its current development pipeline spans roughly 200 private units (The Village Rosslynlee, Claremont Apartments, The Fieldings, The Moorings, The Landings) and over 80 affordable units (Old Plean, Cowie, Masterton Farm affordable tranche).

The company's technical proposition centres on A-rated Energy Performance Certificate homes that materially exceed the UK average D rating. Each home typically incorporates a suite of sustainability features: super insulation with low U-values, flue gas heat recovery, photovoltaic solar panels with lithium battery storage, mechanical ventilation with heat recovery, air or ground source heat pumps, and heat batteries using phase-change materials. Select developments add green roofs and EV charging infrastructure. Premium specifications (Leicht kitchens via Kitchens International, Villeroy & Boch bathrooms) are standardized across the portfolio.

Carmichael Homes generates revenue primarily through one-off sales of newly built residential units to private buyers (via estate agent partnerships with Knight Frank, Savills, and Clyde Property, plus direct enquiries), and through fixed-price affordable housing contracts awarded by councils. Pricing on private stock begins at £329,995 for three-storey townhouses at The Fieldings. Help to Buy Scotland and Mortgage Advice Bureau green mortgages provide buyer financing support. The team comprises a small senior leadership group under Managing Director Scott Carmichael, supported by construction and site management staff. The company has secured seven-figure debt funding from Bank of Scotland's Clean Growth Finance Initiative for sustainable developments.

Name

Carmichael Homes

Legal name

Carmichael Homes

Website

https://carmichaelhomes.net

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Carmichael Homes is a privately held Scottish boutique homebuilder founded in 1994, designing and constructing A-rated EPC residential developments across the Scottish Central Belt for private buyers and local-authority affordable housing contracts.

Ownership category

akta.pro rank

Product category

Residential Property Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Affordable Housing Development & Construction (IMAFABAI), Custom Home Building (IMAFABAC), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential property development
• New home construction
• Affordable housing development
• Sustainable homebuilding
• Energy-efficient homes

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. New Home Sales: Primary revenue from sale of newly constructed residential properties including houses, apartments, and duplexes across various developments in Scotland.
2. Affordable Housing Contracts: Contracts with local authorities and housing associations for affordable housing developments, such as the £6.47 million Stirling Council Old Plean development.
3. Green Mortgages (Partner Revenue): Through partnership with Mortgage Advice Bureau, green mortgages offered on A-rated homes generate referral value and support buyer purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Carmichael Homes is a Scottish boutique property developer that designs, builds, and sells new residential properties including luxury apartments, townhouses, and detached homes across Scotland's Central Belt (Glasgow, Edinburgh, Stirling, Falkirk). The company specialises in ultra energy-efficient A-rated EPC homes integrating renewable technologies such as heat pumps, solar panels, and battery storage, and also delivers affordable housing developments under contract with local authorities and housing associations.

Product overview

Carmichael Homes is a Scottish property developer offering a portfolio of residential developments across Scotland, including luxury apartments, townhouses, and detached homes. The product portfolio includes current developments (The Village Rosslynlee, Claremont Apartments, The Landings, The Fieldings, The Moorings) and affordable housing projects (Cowie, Masterton Farm). Past completed developments include Water of Leith Apartments, Queen's View Apartments, Bridge of Weir, Bishopbriggs, Kirkhill Mews, Lonsdale Mews, Minerva Apartments, and Plean Stirling. The company focuses on ultra energy-efficient homes with A-rated EPC certifications, incorporating sustainable technologies such as solar panels, battery storage, heat pumps, and mechanical ventilation systems. They position their homes as having 'green value' with radically reduced energy costs.

Differentiator

Problem solved

Functional benefit

Products and services

• The Village Rosslynlee An exclusive estate in Rosslynlee offering 26 new and refurbished homes combining modern comfort with timeless character in a peaceful, rural setting near Edinburgh. Marketed through Knight Frank.
• Claremont Apartments A bespoke collection of 10 luxury 2-bedroom apartments and 4-bedroom duplexes situated within the Park District of Glasgow near Kelvingrove Park. Sales handled by Savills.
• The Landings A bespoke collection of five eco-friendly detached homes in Ratho, Edinburgh countryside, built on principles of low environmental impact offering ultra energy-efficient living.
• Water of Leith Apartments 25 ultra energy-efficient one to four-bedroom apartments in Craiglockhart, Edinburgh, situated on banks of the Water of Leith surrounded by protected woodland. Sales handled by Savills. Winner of Scottish Home Awards 2024 Apartment Development of the Year.
• The Fieldings 19 luxury three-storey townhouses in Jackton, East Kilbride, featuring high-end finishes including Leicht kitchens and Villeroy & Boch bathrooms with A-rated energy efficiency. Townhouses from £329,995. Winner of Scottish Home Awards 2024 Housing Development of the Year.
• The Moorings A thoughtfully designed development of 40 homes in Reddingmuirhead offering a mix of 3-bed terraces, semi-detached and detached properties for modern village living. Sales handled by Clyde Property including an Assisted Move program.
• Masterton Farm (Coming Soon) Coming soon development in Dunfermline featuring a mix of 22 four and five-bed detached homes with 4 affordable homes.
• Cowie Affordable Housing 59 affordable homes in Cowie, Stirling, developed in partnership with Forth and Stirlingshire Council and Scottish Government.
• Old Plean Affordable Housing Development 24 affordable homes in Old Plean, Stirling, built in partnership with Stirling Council and Scottish Government featuring air source heat pumps, solar panels, battery storage, and EV charging infrastructure with A to A+ EPC ratings. £6.47 million total investment including £4.2 million Scottish Government grant.

Quantifiable outcome

• A-rated EPC homes - ranked among most energy-efficient in Scotland, significantly above UK average D rating
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

• Knight FrankcoreChannel Partner/ Reseller/ DistributorKnight Frank serves as sales agent for The Village Rosslynlee development (26 homes) and previously for Queen's View Apartments. Contact: 0131 222 9600
• SavillscoreChannel Partner/ Reseller/ DistributorSavills handles sales for Water of Leith Apartments and Claremont Apartments. Contact: 0141 222 5869 / [email protected]
• Clyde PropertycoreChannel Partner/ Reseller/ DistributorClyde Property handles sales for The Moorings development and operates the 'Assisted Move' program allowing buyers to market existing homes. Contact: 01324 881777
• Kitchens InternationalstrategicStrategic or Co-development PartnerKitchens International appointed to design contemporary Leicht kitchens across current developments including Bridge of Weir, Queens View Apartments, and Water of Leith Apartments. Leicht is an award-winning German kitchen brand with 80 years of heritage.
• Mortgage Advice BureaustrategicChannel Partner/ Reseller/ DistributorMortgage Advice Bureau offers green mortgages on Carmichael Homes' A-rated EPC properties, providing preferential rates for eco-conscious buyers.
• Stirling CouncilcoreStrategic or Co-development PartnerPartnership for Old Plean affordable housing development - 24 homes with £6.47 million investment including £4.2 million Scottish Government grant. Features air source heat pumps, solar panels, battery storage, and EV charging infrastructure.
• Ashley Ann KitchensminorOthersWick-based supplier providing kitchen products for sustainable developments, supporting Scottish businesses.
• Stewart MilneminorOthersAberdeen-headquartered supplier providing products for developments, supporting Scottish businesses.
• Scope BathroomsminorOthersSupplier of bathroom designs including tiling, underfloor heating, and towel rails for Queen's View Apartments.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Persimmon Homes: One of the UK's largest volume housebuilders, with Scottish operations covering the central belt. Comparable on product category and customer base, though at much lower specification and price point than Carmichael's A-rated boutique homes.
• Keepmoat Homes: Large UK housebuilder with a strong affordable and partnership housing division alongside private sales. Comparable on the mixed private/affordable model and sustainability positioning, but at a much larger national scale.
• Bellway Homes: Large UK-wide housebuilder with a meaningful Scottish operation (Carmichael's own Site Manager Michael Murray is ex-Bellway). Comparable for product type and customer profile, though at materially greater scale and geographic breadth.
• Taylor Wimpey: Major UK housebuilder with established Scottish operations spanning Glasgow and Edinburgh. Comparable as a competing supply of new-build homes in Carmichael's core geography, though positioned at mainstream volume rather than premium A-rated niche.
• Barratt Homes: Volume UK housebuilder (including David Wilson Homes brand) with material Scottish central belt activity. Comparable as a competing large-scale developer in Glasgow and Edinburgh, but lacks Carmichael's boutique A-rated sustainability focus.

Direct peers

• Stewart Milne Homes: Long-established Scottish homebuilder focused on quality private developments across the central belt and north-east Scotland. Closely comparable in geography, customer base (private premium buyers) and 'quality over quantity' boutique positioning that defines Carmichael.
• Miller Homes: One of Scotland's largest private homebuilders, with deep central belt exposure and a comparable mix of houses and apartments in Greater Glasgow and Edinburgh submarkets.
• CALA Homes: Premium UK homebuilder with a strong Scottish presence, now part of Legal & General. Directly comparable on premium private new-build apartments and houses in the same Glasgow and Edinburgh submarkets Carmichael targets.
• Springfield Properties: Scotland-focused residential developer operating both private and affordable housing divisions. Highly comparable dual private/affordable model, similar central belt geography and use of Help to Buy Scotland.

Emerging players

• Avant Homes: Mid-sized UK housebuilder that has explicitly pivoted toward energy-efficient and sustainability-led product. Comparable to Carmichael on the green-build angle and premium specification, though operating across northern England and Scotland rather than purely central Scotland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carmichael-homes

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carmichael Homes