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Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 1
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 2
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 3
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 4
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 5
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 6
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 7
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 8
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 9
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 10
Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE - Image 11

Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE

Scotland

£134,000
Listed on 26/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
529 sqft

Description

Nestled in a peaceful setting within Lamlash on the Isle of Arran, this mid-terraced cottage presents an opportunity for transformation. Comprising two bedrooms, a living room with an original Aga (currently non-functional), a kitchen, and a shower room, the property invites a fresh perspective to modernise its charm. The adjacent plot of land features a static caravan equipped with electricity and water, alongside gardens and off-road parking for two vehicles. This space offers potential for various uses, from garden expansion to holiday let possibilities or even development into additional housing, pending necessary permissions. The entrance opens into the living room which offers flexible layout options to suit your design preferences. The kitchen connects seamlessly to the living area and comes fitted with essential appliances. Completing the ground floor is a shower room featuring a corner enclosure and WC. Upstairs, two double bedrooms offer ample space for furnishings; one prominently showcases a fireplace while the other includes built-in storage. Externally, alongside the cottage lies valuable land, currently occupied by a static caravan but ripe for reimagining into modern accommodations or cleared for new builds. With an air-source heat pump in place providing warmth throughout, this property not only offers immediate comfort but also substantial potential as an investment in an idyllic location.

Investment Analysis

(KA27 area)

Above Market Value

This property is priced +1.1% above area average per sq ft

+1.1%
This Property
£253/sq ft
Area Average
£251/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£145,853
10% above area average per sq ft
Potential ROI
-20.7%
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
32%
Properties sold annually

Local Market Trend (KA27)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 4.0%
5 year growth: 17.3%
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

Letter Cottage, Lamlash, Isle of Arran, North Ayrshire, KA27 8NE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£491
Based on a loan of £100,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE