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Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 1
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 2
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 3
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 4
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 5
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 6
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 7
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 8
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 9
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 10
Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL - Image 11

Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL

Scotland

£135,000
Listed on 30/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
803 sqft

Description

This property presents an exceptional redevelopment opportunity in a sought-after elevated location with stunning views over Brodick Bay, Goat Fell, and the scenic Arran landscape. Comprising a one-bedroom detached bungalow and a separate upgraded cabin, this site offers significant investment potential for buyers looking to create bespoke living spaces or capitalize on rental opportunities. The bungalow, Lastmarvin Cottage, is a timber-framed structure with concrete board and wet dash render that, while modest in size, can serve as a long-term rental or holiday let with its current tenant generating £500 monthly rent. The Rustic Retreat has been transformed from its original caravan form into a stylish one-bedroom cabin complete with modern amenities and previous success as a licensed holiday rental. Both structures are set within generous grounds that allow for ample parking and feature breathtaking panoramas that enhance their appeal. The redevelopment possibilities are substantial; subject to necessary consents (STPP), there is potential to replace the cabin with a new 3 to 4-bedroom home, which has already received preliminary support from local planning authorities. Moreover, existing services including mains electricity and water alongside drainage capabilities make the site even more attractive for future development endeavors. Whether you envision creating an idyllic getaway or wish to explore investment avenues, this property offers versatile options in one of Scotland's loveliest settings.

Investment Analysis

(KA27 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£168/sq ft
Area Average
£243/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£214,289
10% above area average per sq ft
Potential ROI
+9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
77%
Properties sold annually

Local Market Trend (KA27)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +3.8%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on KA27 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Site including - Lastmarvin Cottage & Rustic Retreat Corriegills, By Brodick, Isle of Arran, North Ayrshire, KA27 8BL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£487
Based on a loan of £101,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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