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Gillen, Waternish IV55

Scotland

£70,000
Listed on 10/09/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
10890 sqft

Description

This property offers a unique opportunity for those looking to invest in a piece of land with remarkable potential. Spanning approximately 1/4 of an acre, the site boasts stunning, unobstructed views of Loch Snizort, the Ascrib Islands, and the Trotternish peninsula. Its location adjacent to the Gillen Township road ensures straightforward access for development. The site previously received detailed planning consent in 2006 for a three-bedroom, one-and-a-half-storey home (planning reference 06/00153/fulsl). While some preliminary work has been completed—such as site levelling and septic tank installation—prospective buyers should verify the current validity of planning permission or explore new options tailored to their vision. Additionally, the responsibility for connecting water and electricity falls to the purchaser; however, it is believed that these utilities are readily available nearby. Waternish itself is approximately 25 miles northwest of Portree, Skye's principal town. The area provides essential amenities including a pub and reputable seafood restaurant, alongside public slipways and moorings. For more extensive services, Dunvegan is around 12 miles away and offers shops and a medical center. The vibrant Portree is equipped with secondary schools, recreational facilities like a swimming pool and cinema, as well as various shops and eateries. The region is not just scenic; it's also rich in wildlife, making it popular among nature enthusiasts and walkers. Residents may find opportunities to spot minke whales, basking sharks, dolphins, sea eagles, and deer in their natural habitat. Exploring this property firsthand is highly recommended to fully appreciate its unique position within this captivating landscape. Viewing appointments can be arranged through this agency.

Investment Analysis

(IV55 area)
This Property
£6/sq ft

Renovation Potential

Medium 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.
Market Turnover
%
Properties sold annually

Local Market Trend (IV55)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on IV55 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

Gillen, Waternish IV55
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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
£256
Based on a loan of £52,500 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