Secret Scotland

If it's secret, and in Scotland…

Rubh’a Chruidh sold again – nice profit too

I first noticed Rubh’a Chruidh for sale back in 2010, seven years ago, when I expressed my own opinion that the price tag of £430,000 was a little ambitious.

I went further, suggesting that in the market of the time, a price of something closer to £100,000 might have been more realistic, and noted that having been reported as sold, the then listing of properties online showed that the sale had not been made, and it was ‘For Sale’ again.

It seems it made its asking price back then:

Mr Hamilton, a keen sailor, fought off international interest to buy the island in 2010 for £426,000 and after demolishing the existing bungalow commissioned his new home in 2012.

Mr Hamilton, who demolished the only house on Rudh-A-Chruidh, an old bungalow, to make way for a stunning architect designed home, owned the island, which has its own helipad and boathouse, for six years.

There’s no indication in the news story about the cost of the “stunning architect designed home“, but the lucky owner clearly made a nice little profit from the sale of the island, which was on the market for offers over £950,000 and he confirmed had sold for “near enough the asking price”.

Via Farmer buys Scotland’s ‘island gem’ Rudh-A-Chruidh for £1m

I spotted the original sale back in 2010, with this pic to hand:

Rubh'a Chruidh island bungalow

Rubh’a Chruidh island bungalow as seen from the passing ferry © Peter Barr via Geograph

As noted in the news story, that bungalow has been demolished, and the new home looks like:

Viewed from the Mull ferry

Viewed from the Mull ferry

Out of interest, the monument atop the hill behind the house is for David Hutcheson, founder of the Hebridean ferries which evolved into Caledonian MacBrayne, CalMac.

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02/02/2017 Posted by | Civilian | , , , | Leave a comment

Another Scottish island is sold

Hopefully less controversial than the recent sale of the Little Cumbrae became, Rubh’a Chruidh has just been sold to a Scottish businessman.

The island is tiny, covering only some four acres, lies just off the northeastern shore of the larger island of Kerrara, and looks into Oban harbour.

Sold to haulage contractor David Hamilton from Larkhall for £426,000.

He and his wife had been looking for a property overlooking the sea in the Oban area,and jumped in their helicopter to view the island as soon as they spotted the advert. Unfortunately, although an offer was made and accepted two days later, it took more than a year to complete the sale, following the death of the incumbent, who had lived there for 14 years.

The new ownership will see changes to the island, as plans have been lodged for a new home for the couple, and a new pontoon has already been reported for their boat.

For those who are not familiar with the area, and don’t recognise the name, you can View this map on Multimap.com to help get your bearings.

Rubh'a Chruidh island bungalow

Rubh'a Chruidh island bungalow as seen from the passing ferry © Peter Barr

Island or house?

The island certainly looks like better value than a Victorian sandstone mansion along the road from me, and which has been on the market for at least two years, and probably more. That’s how long ago it was when I first saw a For Sale sign in the garden, but it had been obvious that it was deserted, and only being visited by someone who was collecting the junk mail every so often. Given the sate of the housing market then and now, I nearly dropped the phone when an inquiry revealed an asking price of £430,000 – given “The Recession”, I’d have expected something around £100,000 less, and guessed the owners were holding out for an upturn in the market.

A “Sold” sign went up a few weeks ago, and there were some comings and goings, but things went quiet, and when my monthly report from the estate agent arrived, that particular house was not listed as a recent sale. I did look closely,  as I had been keen to see the final price.

Not surprisingly, the “For Sale” re-appeared a few days ago – I’m not surprised, and would guess that the buyer had second thoughts, and pulled out after spending a few days in the property, and deciding that it may have been overpriced in the current market.

The house has never sold well, having once been abandoned and left to become derelict many years ago, and even had a tree growing inside it at one point – for long enought to make it out through the roof. That said, when it was bought (and I expected to see it being torn down) it was completely restored, even with a slate roof, rather than modern tiles.

15/02/2010 Posted by | Civilian | , , , | Leave a comment

   

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