A private Scottish island with commercial potential has hit the market for the first time in 70 years.

The Isle of Ulva was first settled in 5,600 BC and derives its name from the Norse word ‘Ullfur’, meaning ‘Wolf Island. It lies off Scotland’s west coast and is currently home to just 16 people.

Ulva is on the market via Knight Frank for £4.25m, and includes the Grade B-listed Ulva House, a six-bedroom dwelling set over two levels.

A church, restored blackhouse, small restaurant and tearoom – which are let commercially – are also on the 7.5-mile-long island, which is a short boat ride from the nearby Isle of Mull. Nine other buildings, ranging from bothies to a sporting lodge, dot the 4,583-acre isle.

What Ulva lacks in people it makes up for with wildlife: the island is home to 123 species of birds, including sea eagles, as well as sea otters and red deer.

Ulva is not the only Scottish island currently on the market however. You can scoop the 29-acre Little Ross for just £325,000, but the off-grid retreat comes with a sinister past…

See more island homes for rent and sale