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Whiting Bay, Isle of Arran, North Ayrshire, KA27

Scotland

£99,950
Listed on 14/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled high above the picturesque village of Whiting Bay, this end-of-terrace cottage, known as Penlea, presents a unique opportunity for renovation or redevelopment. Set on a generous plot of land, the property offers impressive panoramic views that enhance its appeal. Although currently in a derelict state and lacking a roof, the structure retains potential for restoration to its original charm or complete reimagining as a new dwelling—subject to appropriate planning approvals. Surrounded by an attractive rural landscape, the cottage's location is one of its noteworthy features. The elevated position not only provides serene vistas but also contributes to the charm inherent in this peaceful area. The surrounding environment includes ample opportunities for outdoor activities, with scenic walking paths leading to Glenashdale Falls and other local attractions. Prospective buyers can take advantage of favorable pre-planning considerations that have been previously acknowledged by local authorities for potential extensions or new builds on the site. Any development would require securing suitable planning permissions after acquisition, allowing for creative freedom in design while adhering to local guidelines. Whiting Bay itself is well-equipped with essential amenities, including shops, dining options, and recreational facilities such as golf courses and art galleries. The village boasts a rich history and natural beauty that make it an inviting destination for residents and visitors alike. Its proximity to historical sites and breathtaking landscapes further enhances its desirability as an investment opportunity. The Isle of Arran is often celebrated for its diverse geography and appealing outdoor activities—from hiking to golfing—which attract both residents and tourists throughout the year. This property's combination of location, potential for redevelopment, and nearby amenities makes Penlea an intriguing prospect for those looking to invest in a unique piece of Scottish heritage while crafting their ideal home or rental property.

Investment Analysis

(KA27 area)
Area Average
£251/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Whiting Bay, Isle of Arran, North Ayrshire, KA27
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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
£366
Based on a loan of £74,962 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