2-bedroom detached house · IV55 8WS
For saleListed 176 days
Opportunity summary
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About
Waterfall Cottage is a charming traditional cottage in the scattered township of Glendale in the Duirnish peninsula on Skye.
The cottage is set into the hillside and has beautiful, far-reaching views across Glendale to Loch Pooltiel.
The Isle of Skye is the best known of the Inner Hebridean islands off the west coast of Scotland.
Famous for its romantic, historical associations and magnificent landscape dominated by the Cuillin Mountains, the island is very popular attracting many tourists throughout the year as well as those who seek to enjoy a peaceful lifestyle in unspoilt and beautiful surroundings.
Glendale is a community-owned estate made up of a protected landscape of moorland and mountains, and a stunning coastline of coral beaches and spectacular cliffs.
There is a wide range of attractions in the area including Dunvegan Castle, the famous Michelin starred Three Chimneys Restaurant, and the MacLeod’s Tables on the eastern boundary of the estate.
The village of Lephin has a Post Office with general store and two cafes, while Dunvegan has a grocer and newsagent, and Portree has a good range of shops and facilities including two supermarkets, banks, pharmacies and a secondary school.
Inverness, about 3 hours’ drive away, has all the facilities of a modern city including its airport with regular flights to the south and Europe.
Named after the waterfall in the burn that runs along the northern boundary of the site, Waterfall Cottage has been fully renovated by the current owners in the late 1990’s and since then have maintained the property well and carried out improvements when required.
Recent work includes upgrading the heating system and erecting a new garden shed. Waterfall Cottage is currently a successful holiday let, managed through Cottages.com and associated websites.
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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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About Waterfall Cottage, 1 Holmisdale, Glendale, Isle of Skye, IV55
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