3-bedroom bungalow · PA23 7EP
Listing removedListed 271 days
Opportunity summary
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About
Closing Date - Monday 16th February at 12.00.
Corrigall Black are delighted to present 'Watermans Cottage' to the market, an outstanding property that offers an abundance of potential and is set within a rarely available stunning location beside the tranquil Bishops Glen.
'Watermans Cottage' is an exceptional stone built, detached cottage filled with original features and offering privacy and character in abundance.
Nestled within substantial, mature grounds which are surrounded by unspoilt natural beauty, this property is a true once in a lifetime opportunity.
This is a home of true distinction and, with properties of this calibre, setting and character seldom coming to market, it represents a rare opportunity to acquire a truly special home in an outstanding location.
We highly recommend early viewing to avoid disappointment. The Property The accommodation benefits from double glazing throughout and a recently fitted lpg heating system.
Entrance to the property is through the welcoming glazed entrance vestibule with its feature stone floor.
This entrance area is ideal for storing outdoor clothing and footwear and a further door leads directly into a large dining kitchen with ample space for family living and entertaining.
There is a useful storeroom located next to the kitchen.
The property offers three beautifully proportioned double bedrooms each enjoying peaceful outlooks across the surrounding grounds, providing restful light filled areas.
The grand lounge provides an ideal space for relaxation and features a large bay window that frames wonderful views over the garden grounds, creating a stunning focal point while also allowing natural light to flood the room.
The family bathroom has been fully upgraded to create a luxurious experience with a stand-alone bath and separate shower area. Externally 'Watermans Cottage' continues to impress.
Off road parking is available for multiple vehicles, alongside a substantial double garage.
The expansive grounds encapsulate a sense of seclusion and tranquillity providing a private retreat just moments from nature.
The Location The Bishops Glen is a quiet, highly regarded location on the edge of Dunoon characterised by its breath-taking woodland and interesting walks.
Nestled within a sheltered glen, the area enjoys a peaceful, magical atmosphere.
Despite its secluded setting, the property remains conveniently located, within easy reach of a wide variety of amenities and transport links.
Dunoon has a regular passenger ferry to Gourock, where there is a train link to Glasgow, while Western Ferries, situated in Hunters Quay, provide a very frequent service across the Clyde for cars and passengers.
The town of Dunoon is enjoyed by residents and tourists alike. The region is steeped in history and surrounded by hills and the sea which offer endless opportunities for outdoor enthusiasts.
The picturesque West Bay beach is popular for wild swimming and paddle boarding.
On the very doorstep of the cottage the Bishop's Glen has fantastic forestry trails that are loved by mountain bikers, hill runners, dog walkers and families alike.
Local landmarks include the picturesque Castle Gardens, a beautiful setting where you can enjoy the stunning garden grounds and the views towards the River Clyde and the traditional Victorian pier.
Situated in the garden grounds is the Castle House Museum where you can access the history of the local area.
The adjacent Queens Hall is an outstanding venue offering access to fitness facilities, including a well-equipped gym with panoramic views towards the Clyde, a library, soft play area and a wonderful live music venue which is also used for a variety of shows.
The town's main shopping street has a unique array of shops, cafes, pubs and restaurants.
The town also has further amenities including supermarkets, cinema, primary and secondary schools, hospital and swimming pool.
The town's Burgh Hall is a renowned arts venue, offering a fantastic array of shows and exhibitions throughout the year.
This wonderful home must be viewed to fully appreciate the location and character in abundance this property provides. EPC rating: F Viewing Tel: EPC Rating EPC rating: F
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
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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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