Whiting Bay, Isle of Arran, KA27
Scotland
£99,950
Listed on 28/08/2026
Listed on 28/08/2026
The listing
Property details
Bedrooms
N/AType
PlotFeatures
- Garden
Description
Penlea is a derelict end-terrace cottage on a substantial plot in an elevated rural position above Whiting Bay. The cottage is roofless and described as barely a shell, so it is not currently habitable. The site also includes a substantial timber outbuilding, and the setting has open views towards the surrounding countryside and coast.
The property may offer the option of reinstating the cottage or demolishing it and pursuing a replacement dwelling, subject to the necessary permissions. The listing notes that an extension or rebuild has been favourably considered in principle, but new plans and planning approval would be required for a purchaser's chosen scheme. Buyers should make their own enquiries with North Ayrshire Council.
The seller is seeking a proceedable cash buyer. Adjoining buildings are excluded from the sale. Whiting Bay has local shops and services, primary schooling, a golf course and access to coastal and woodland walks.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
31out of 100
Grade ELow opportunity
Confidence: LOW
This is a true shell-and-site project: the cottage is roofless across a substantial section, with exposed wall tops and deteriorated masonry, while dense overgrowth will need clearing before the plot can be fully inspected or used. The draw is the spacious elevated setting above Whiting Bay, with open coastal and countryside views and a substantial timber outbuilding. The listing describes possible reinstatement or replacement, but any chosen scheme needs planning and technical verification; no habitable accommodation is evidenced in the photos.
At 31/100, this is a low-opportunity result overall, with the severe condition and limited renovation economics weighing heavily. The £99,950 asking price cannot yet be judged against local £/sq ft because floor area is missing. No renovation range is available to size the works financially, so this is best viewed as a major, individually scoped project rather than a conventional house renovation.
Key opportunities
- The elevated plot and open coastal and countryside outlook provide a distinctive setting for a carefully designed future home.
- The listing identifies scope to investigate reinstating the cottage or pursuing a replacement scheme, subject to planning and technical verification.
- The substantial timber outbuilding and spacious grounds offer useful site features to assess as part of a wider plan.
Key risks
- A roofless shell with exposed wall tops, deteriorated masonry and extensive overgrowth makes this a major rebuild-or-reinstatement programme, not a cosmetic refresh; the scope, budget and timescale need establishing before commitment.
- The asking price cannot be compared with local £/sq ft without a usable floor area, and no renovation range is available to assess project economics.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£378
Based on a loan of £74,962 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.
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