3-bedroom bungalow · KW15 1SF
For saleListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Please note that due to planning restrictions this property can only be used as A short term let.
Chalet 3 is a spacious 3 bedroom bungalow enjoying a view towards Scapa Bay, from its elevated position.
The detached property is ideally located a short distance from Kirkwall and has proved a popular location for visitors.
The bungalow is classified as holiday accommodation and interested parties should note that they will require a Short-term Let License before lets can be offered.
Oil central heating uPVC framed double glazed windows Dual aspect living room Spacious kitchen with dining area, fitted base and wall cupboards and an archway into the living room Bathroom has a bath and shower cubicle 3 spacious double bedrooms each with a built-in wardrobe and 2 with en-suites Strip of garden to rear Location Chalet 3 is situated approximately 2-3 miles from Kirkwall and is on the Kirkwall – Houton bus route.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
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 Chalet 3,, Blinkbonny, St Ola
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