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What’s the Story in Balamory

Posted by: In: Real Estate 17 Apr 2015 Comments: 0 Tags: , , , , , , , , , , ,
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Anyone with children below the age of 20 will recognise the title of this article as a theme from the BBC’s kids TV show Balamory, which is filmed in Tobermory on the Isle of Mull, just off the west coast of Scotland .

The utterly beautiful Isle of Mull is the pride of the Scottish Hebrides, attracting tourists in increasing numbers over the years, seeking the flavour of another way of life in the heart of nature.

Mull has become well-known by all who watch the BBC programmes Springwatch and Coast, as the presenter Gordon Buchanan is from the island, still living there with his family. Mull is also famous for the multi-coloured houses of its capital Tobermory, featured in the CBeebies programme Balamory.

With ‘staycations’ increasing in popularity, seeing Brits holidaying more within the UK, the Isle of Mull is fast-becoming the tourist hub of the Hebrides. Its incredible landscape, lush with richly-shaded grasses covering the valleys of the Mull Mountains, is a magnet for wildlife enthusiasts and ‘twitchers’ alike.

The Isle of Mull is the second largest of the Inner Hebridean Islands and enjoys a regular population explosion throughout the holiday season as tourists and holidaymakers descend on the increasingly-popular destination.

Accessed by 3 car and passenger ferries from Scotland’s mainland, the quintessential picture-postcard town of Tobermory is well worth the trip. With just 2,800 residents, there is a hearty welcome awaiting visitors, into the warmth of the very tight-knit community living on an island of extraordinary beauty.

Property is relatively cheap, perhaps unsurprisingly for the island’s remote location. Rightmove currently list a 26-room hotel, sleeping 52 in Tobermory at an astonishing £700,000. With average room rates of around £40 per person per night on the island, maximum occupancy would generate just over £2,000 per night in the peak season!

At the smaller end of the scale, the average price of a 2-bedroom cottage is £150,000 with potential of generating £450 per week during the holiday season. Prices for short-stay accommodation on the Isle of Mull are relatively high due to the lack of available accommodation which presents a great opportunity for investors.

With so much media focus on the value available in property outside of London, investors looking for margin opportunities would be well-advised to look in more remote parts of the UK, like the Isle of Mull and its neighbouring island of Iona.

Article by +Roxanne James on behalf of Propertyshowrooms.com

Source:: Property show rooms

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