2/3 20 Elgol, Isle of Skye, IV49 9BL

This traditional three-bedroom bungalow in Elgol offers a unique opportunity to acquire a property at a remarkably cheap asking price of £115,000, which is 35.9% below the local average £/sqf. With the potential for significant renovations, this property allows for a complete reimagining of its layout and character, including the possibility of creating attractive focal points with the existing open fires in the lounge and bedrooms. The enclosed garden also presents a canvas for transformation into a delightful outdoor space, enhancing the overall appeal of the home.

However, the renovation economics present a challenge, as the total investment required — including the purchase price and renovation costs — results in all-in figures that are stretched against local benchmarks. This means that while there is room for value creation, careful budgeting and program planning will be essential to ensure that the project remains viable. With extensive renovation required throughout the property, prospective buyers should be prepared for a full-gut programme, making this a significant undertaking rather than a simple cosmetic refresh.