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Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 1
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 2
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 3
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 4
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 5
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 6
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 7
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 8
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 9
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 10
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 11
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 12
Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT - Image 13

Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT

Scotland

£50,000Guide Price

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Cottage

Description

This property presents a unique opportunity in a prime location on the Isle of Arran, featuring a derelict cottage with significant redevelopment potential. Spanning approximately 0.3 acres, the site offers ample space for imaginative enhancements or expansions, including the possibility of adding bedrooms, pending necessary permissions. The existing structure has been stripped down to its core, allowing investors and developers to start from a clean slate and create a bespoke residence or project that could capitalize on the scenic surroundings. With recent comparable sales in the vicinity demonstrating strong values—£203,000 for Craignethan and £310,000 for Creag Bann—this lot is positioned as an attractive avenue for investment. Offered at auction, this property is not only competitively priced but also aligns well with market demand in this sought-after area known for its natural beauty and welcoming community atmosphere.

Investment analysis

(KA27 area)
Area Average
£239/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (KA27)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -3.9%
5 year growth: +2.3%
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

Penlea, Access From Golf Course Road To Meadowbank Lodge, Whiting Bay, Isle Of Arran, KA27 8QT
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% 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.

Stamp duty calculator

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