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Lastmarvin Cottage & Rustic Retreat, Corriegills, By Brodick, Isle Of Arran, North Ayrshire KA27 - Image 1
Lastmarvin Cottage & Rustic Retreat, Corriegills, By Brodick, Isle Of Arran, North Ayrshire KA27 - Image 2
Lastmarvin Cottage & Rustic Retreat, Corriegills, By Brodick, Isle Of Arran, North Ayrshire KA27 - Image 3

Lastmarvin Cottage & Rustic Retreat, Corriegills, By Brodick, Isle Of Arran, North Ayrshire KA27

Scotland

£125,000
Listed on 10/12/2025

Property Details

Bedrooms
N/A
Type
Land
Area
803 sqft

Description

This property presents a valuable redevelopment opportunity in an elevated location with stunning views of Brodick Bay and Goat Fell, nestled within the scenic Isle of Arran. Comprising Lastmarvin Cottage, a detached one-bedroom bungalow, and a modernized cabin known as Rustic Retreat, this site offers great potential for renovation or investment. Situated just a short distance from Brodick's amenities, both structures benefit from tranquil surroundings and picturesque landscapes. Lastmarvin Cottage, built around 90 years ago with timber-frame construction, includes a living room, kitchen, shower room, and one double bedroom. Although it has served as a long-term rental in the past, it currently stands vacant, presenting an opportunity for updates to suit modern rental standards or personal use. The Rustic Retreat began as a caravan but has been substantially upgraded into a stylish one-bedroom cabin featuring an open-plan layout with integrated appliances and a comfortable living area complete with a log-burning stove. While it previously functioned as a licensed holiday let attracting good rental income, current legislation requires re-licensing for short-term use. Both structures are positioned on a flexibly usable site that can accommodate various future developments or modifications.

Investment Analysis

(KA27 area)

Below Market Value

This property is priced -35.4% below area average per sq ft

-35.4%
Potential saving
This Property
£156/sq ft
Area Average
£241/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£212,787
10% above area average per sq ft
Potential ROI
-1.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (KA27)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +6.1%
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

Lastmarvin Cottage & Rustic Retreat, Corriegills, By Brodick, Isle Of Arran, North Ayrshire KA27
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£443
Based on a loan of £93,750 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-26.5% since listed
£125,000£10,000(-7.4%)
04/03/2026
Current price
£135,000£35,000(-20.6%)
27/12/2025
£170,000Initial listing
09/12/2025

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