2-bedroom flat · KA28 0AL
Sold STCListed 18 days
Opportunity summary
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About
Second Floor Flat, 1 Ritchie Street, Millport, Isle of Cumbrae.
KA28 0AL Price:Offers Over: £125,000 Deceptively spacious and extremely well presented two bedroom flat with large living room with wood burning stove, modern well-equipped dining kitchen and bathroom on the main level with further generous attic space, fully equipped currently offering sleeping accommodation with modern shower room and a utility area.
The property also benefits from electric panel heating, double-glazing and seaviews across the Pier to Wee Cumbrae from the attic floor and kitchen. There is also a communal drying green.
This second floor flat centrally located in the popular seaside town of Millport on the Island of Cumbrae forms an ideal full time home, holiday home/let or buy to let investment and viewing is highly recommended.
EPC Rating. Band E. Council Tax Band A.
The seaside town of Millport is just a 10-minute ferry journey from Largs and offers a variety of local services including Primary School, Health Centre, Cottage Hospital, Library, golf course, bowling green.
Glasgow is around an hour away and there are regular public transport connections available from Largs to Glasgow, Ayr, Paisley and the West of Scotland.
Entrance Entered from main street via secure wood grained UPVC door up to second floor via first floor landing to main entrance to flat.
Hall (5.18m’ 3.35m” x 2.13m’ 1.22m” (at widest) (17’ 11”) Entered via decorative glazed panelled front door and into: Access to all apartments with attractive half glazed panelled doors throughout.
Electric radiator. Coving. Recessed spotlights. Wood laminate flooring. Lounge (3.96m’ 3.05m” x 3.66m’ 2.74m” (13’ 10” x 12’ 9”)) Partial glazed wood panelled door.
Spacious lounge with double glazed window to communal garden space. Electric radiator. Attractive fireplace with wood burning stove. Central fan ceiling light. Coving. Wood laminate flooring.
Dining Kitchen (3.05m’ 1.83m” x 3.96m’ 2.74m” (10’ 6” x 13’ 9”)) Exceptionally spacious modern fully fitted cottage style kitchen with beech worktops and tiled splashback, stainless steel sink, gas hob, electric oven and hood.
Free standing fridge freezer and dishwasher. Double-glazed window to rear with partial seaviews. Ample storage. Electric radiator. Dishwasher. Recessed spotlights. Tiled Floor.
Bathroom (2.74m’ 0.00m” x 2.13m’ 0.00m” (9’ 0” x 7’ 0”)) Three piece white suite comprising wash-hand basin, W.C. And bath with wall mounted electric shower and bifold glass shower door.
Floor and walls tiled navy blue and white throughout. Double glazed window. Bedroom 1 (2.74m’ 1.52m” x 3.66m’ 3.05m” (9’ 5” x 12’ 10”)) Partial glazed wood panelled door into bright double bedroom.
Fitted wardrobe. Double glazed window to rear. Electric panel radiator. Wood laminate flooring. Bedroom 2 (3.05m’ 3.05m” x 3.96m’ 0.30m” (10’ 10” x 13’ 1” )) Double bedroom. Fitted wardrobe.
Double glazed window to garden. Electric panel radiator. Wood laminate flooring.
Access To Attic Partial glazed wood panelled door opening to storage area and access via stairway and steps up to Attic Space.
Floored Attic Space (4.57m’ 2.13m” x 4.88m’ 2.44m” (15’ 07” x 16’ 8”)) Floored attic space being used as third bedroom) Large floored area with wood panelled walls providing a studio / bedroom attic with Velux windows offering stunning views across harbour to Wee Cumbrae.
Worktop and cupboard storage along with (plumbed) washing machine and dryer (included). Shelf/alcove. Ample storage space under eaves with walk-in cupboard housing water tank. Electric panel heater.
Central recessed spotlights. Wood laminate flooring. Access to: Attic En Suite (1.83m’1.83m” x 1.83m’1.83m” (6’06” x 6’06”)) Corner shower cubicle, WC and sink. Tiled floor and walls. Velux window.
Outside Space / Gardens Communal drying green to side of property with access to communal bin storage.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 1, Ritchie Street, Millport, Isle Of Cumbrae
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