We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · KA27 8QT
For saleReduced £10k (−20%) on 3 AugListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Property Address:** Penlea, Access From Golf Course Road To Meadowbank Lodge, KA27 8QT Prime new listing.
We are excited to present this derelict property cottage located within a prime location on the Isle of Arran.
Sales Evidence: **Craignethan, Golf Course Road, sold for £203,000** **Creag Bann, Access from Golf Course Road, sold for £310,000** Spanning across approximately 0.3 acres, this property offers excellent development potential for those with a vision.
This opportunity is sure to appeal to developers seeking a potentially high-profit venture.
The property holds potential for redevelopment and expansion, including adding bedrooms, subject to obtaining necessary permissions. Prime new listing.
We are excited to present this derelict property cottage located within a prime location on the Isle of Arran.
The property comprises a derelict cottage where the roof had been removed, offering a blank canvas for creative redevelopment.
Spanning across approximately 0.3 acres, this property offers excellent development potential for those with a vision.
This opportunity is sure to appeal to developers seeking a potentially high-profit venture.
The property holds potential for redevelopment and expansion, including adding bedrooms, subject to obtaining necessary permissions.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area: Craignethan, Golf Course Road, sold for £203,000 Creag Bann, Access from Golf Course Road, sold for £310,000 This lot is open to immediate offers.
Should you wish to offer now, you can do so via our “Offer now” button on our website. This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location The Isle of Arran, often referred to as "Scotland in Miniature, " offers stunning landscapes with rugged coastlines and scenic mountains.
It's a sought-after location for those looking to enjoy natural beauty while being a part of a welcoming community.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 3, Penlea, Isle Of Arran
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