10-bedroom house · KA27 8DW
For saleReduced £30.5k (−13.3%) on 4 SepListed 358 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
St Elmo is an exceptional development opportunity and a blank canvas to create either your own home or an investment and rental business located in the picturesque village of Brodick on the Isle of Arran.
The development presents a unique opportunity for investors and developers alike.
The site boasts a substantial stone building, over three floors, which has already been taken back to the brick internally and has planning permission for the conversion and construction of eight residential apartments and a Class 6 commercial unit, making it an ideal venture for those looking to capitalise on the growing demand for quality accommodation in this charming area.
Equally, with vision, the building could be developed into one large home or reinstated to its former glory as a boutique hotel.
The property is conveniently situated a short distance away from the ferry terminal and all the village amenities, ensuring that future residents and guests will have easy access to shops, restaurants, and local services.
This prime location not only enhances the appeal of the development but also promises a vibrant community atmosphere and takes in the wonderful views.
One of the standout features of this property is the stunning sea views that stretch across the Brodick Golf Course.
The breath taking scenery surround St Elmo provides a tranquil backdrop, making it an attractive proposition for potential buyers or renters seeking a serene lifestyle by the coast and a stones throw from the popular golf course.
With its combination of a strategic location, planning permission, and picturesque views, this development property at St Elmo is a rare find on the Isle of Arran.
It offers a fantastic opportunity to create a desirable living space in a sought-after area, appealing to both local residents and visitors alike.
Do not miss the chance to explore the potential this property holds. Services St Elmo is connected to mains electricity, water and drainage.
Planning Planning permission was approved in July 2021 and work started for the conversion and change of use of residential building to form 8 private apartments including Class 6 commercial unit North Ayrshire Council - reference 21/00486/pp Any enquiries with regard to planning permission should be directed to North Ayrshire Council planning department on or online at Grounds The grounds surrounding St Elmos are relatively flat bounded by fencing with designated parking area to the front with up to 9 spaces and a garden area to the rear.
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
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.
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FAQ
About St Elmo, Isle Of Arran
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