2-bedroom flat · PA20 0LZ
Sold STCListed 35 daysAuction 24 Sep · ended
Opportunity summary
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About
** sale by auction - 24 September 2026 - Timed Online Auction ** 59 castle street, flat ground/1, port bannatyne, isle of bute, PA20 0LZ. EPC Rating - Band D. Low Council Tax Band A. Frehhold Sale.
Two bed, ground floor flat situated within a traditional tenement building located within the popular village of Port Bannatyne.
The property enjoys partial sea and hill views and offers excellent potential for a buyer looking to modernise and upgrade.
The accommodation comprises of entrance hallway, lounge, two bedrooms, kitchen and bathroom. The windows are UPVC, double glazed in casement style.
Communal areas include drying area, bin store and shared access to other flats via communal close. The property is served by a mains gas supply with the meter located at the rear external.
Mains water supply. The property is situated in an established residential area of Port Bannatyne. Located within a designated Conservation area of Rothesay ca 478.
Your legal advisor should confirm this and what restrictions this may apply. RICS Home Report valuation = £50,000 (Fifty Thousand Pounds Sterling).
Situated in the heart of the Village of Port Bannatyne.
Port Bannatyne offers a fantastic coastal lifestyle, with the Marina, Post Office/general store, public park, golf course and beautiful beaches all within easy walking distance.
Fabulous holiday or permanent home only yards away from the Port Bannantyne yachting marina, historical harbour and local pub, with the stunning Ettrick Bay beach a 5-minute commute by car.
Easily accessible transport bus facilities catering for transport around the whole island are on the doorstep as is the local post office/cafe shop.
Port Bannatyne has a fabulous community spirit with a community owned public house, a bakery, bistro, post office/coffee shop and Marina all on its doorstep. Close to village primary school.
Close to Port Bannatyne Marina. The accessible Isle of Bute in the Firth of Clyde has two car ferry services: Rothesay to Wemyss Bay (with train to Glasgow) and Rhubodach to Colintraive.
Joint Campus for pre-school to college (part of University of Highlands and Islands), local hospital, cinema, marina and pontoons, three golf courses, leisure pool, West Island Way for walkers, horse riding and fishing.
Businesses, bars, art galleries, shops, cafés and restaurants.
Auction Details 24 September 2026,10am-3pm Timed Online Auction How to Bid Now Submit an enquiry now or visit our website for full details on how to bid on this property.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 59, Castle Street, Flat 0-1, Port Bannatyne
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