Croft 2 Garalapin, Portree, Isle Of Skye, IV51 9LN

Description

Owner-occupied croft extending to approximately 14.70 hectares (36.33 acres), including a de-crofted site with Planning Permission in Principle for a single or 1½ storey property. Agricultural planning is also in place for an agricultural building.

Location

Garalapin, near Portree on the Isle of Skye, in a peaceful rural setting with access to Portree and the wider attractions of Skye.

Tenure / Property Information

Investment Analysis

The £150,000 guide relates to an owner-occupied croft of approximately 14.70 hectares (36.33 acres), including a de-crofted site with Planning Permission in Principle for a single or 1½ storey property and planning for an agricultural building. No completed-sale comparables, accommodation details, rental evidence, formal valuation or specified buyer premium are supplied. A supported market value, GDV or maximum bid cannot therefore be established from the evidence.

Investment Snapshot

Strategy Recommendation

Treat this as a specialist croft and potential land-development opportunity, not an income-producing property. Do not rely on the guide as a maximum bid; proceed only after reviewing the legal pack, planning permissions and conditions, crofting position, access/services and independent land and development valuation.

Works Required

No refurbishment scope is evidenced. Any future project would require assessment of the de-crofted development site, the permissions and conditions, access and services, together with any agricultural building requirements. No construction cost allowance is supported.

Rental & Market Context

Potential BRRR Position

BRRR analysis is not supportable because there is no evidenced purchase-plus-works cost, rental income, GDV or refinance valuation. The planning permission in principle may provide development potential, but its value and deliverability cannot be quantified from the supplied evidence.

Buy-to-Let Analysis

BTL analysis is not supportable. No accommodation details, bedroom count, EPC, council tax, passing rent or sufficiently specific rental comparable are supplied. The property is described as owner-occupied rather than as an established rental investment.

Flip Analysis

A flip appraisal cannot be completed. There is no supported GDV, construction budget, resale evidence or selling-cost allowance. The guide price alone does not establish a viable development or resale margin.

Investor Risks & Due Diligence

• Buyer’s Premium is applicable but its amount is not specified.

• Additional fees may apply under the Articles of Roup or Special Conditions.

• Planning Permission in Principle is not quantified as a completed dwelling value, and permission conditions and deliverability are not supplied.

• No accommodation, construction condition or services information is provided.

• No rental evidence or completed-sale comparables are supplied.

• The crofting and de-crofted-site position requires legal and specialist due diligence.

Recommendation

Treat this as a specialist croft and potential land-development opportunity, not an income-producing property. Do not rely on the guide as a maximum bid; proceed only after reviewing the legal pack, planning permissions and conditions, crofting position, access/services and independent land and development valuation.

Strategy Rating

Analysis Confidence

The evidence confirms the croft acreage, owner occupation, guide price and broad planning position, but omits accommodation, tenure, permissions detail, comparables, costs, rent and fees.