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Cornhill, Banff, Aberdeenshire

Scotland

£1,100,000
Listed on 27/01/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
7433 sqft

Description

Nestled amidst the scenic farmlands of rural Aberdeenshire, this distinctive property stands out for its renovation and investment potential. Located just five miles from the picturesque Moray Firth, it offers easy access to the stunning sandy beaches and quaint coastal villages such as Cullen and Portsoy. The surrounding area is known for its relatively mild climate, making it an appealing destination year-round. The property benefits from a strategic location, situated only three miles from Portsoy and within convenient reach of Banff and Keith, both approximately 11 miles away. This proximity ensures residents have access to essential amenities, including shops and restaurants. With Aberdeen—Scotland's vibrant oil capital—just 48 miles to the south, the location also offers excellent connectivity to urban centers. Currently configured with seven guest bedrooms, all en-suite, alongside three versatile reception rooms, this residence provides a strong foundation for various business opportunities. Its design lends itself beautifully to use as a luxury guest house or boutique hotel, complete with leisure facilities and a private bar. The adjoining annexe presents further potential; it could be transformed into self-catering accommodation or additional letting space. The expansive grounds invite possibilities for glamping pods or equestrian facilities, subject to necessary consents. The character-filled Victorian granite villa features reclaimed materials and period details including bay windows, pitch pine joinery, intricate plasterwork, and decorative cornicing that meet modern standards. A welcoming hallway opens into spacious reception areas and a well-appointed dining kitchen equipped with ample storage and a central island. The south-facing drawing room captures panoramic countryside views and offers direct access to an inviting west-facing terrace. Upstairs hosts a main bedroom suite with its own shower room and two dressing rooms alongside additional flexible spaces suitable for family or guests—including a study and library featuring bespoke oak shelving. A unique guest suite is located on the top floor, providing privacy with its separate sitting area. The basement level serves as an entertainment haven with a large games room, cinema area, fitted bar, and wood-burning stove—ideal for relaxed gatherings. Meanwhile, the connected annexe includes its own kitchen and living space along with two bedrooms—a perfect arrangement for multi-generational living or staff accommodation. Surrounded by approximately eight acres of landscaped grounds accessed via a gated entrance and sweeping driveway, the exterior features well-maintained gardens, mature trees for privacy, decorative patios ideal for outdoor entertaining, and even a charming pond with an island feature. Additionally, there is an impressive 4,500 sq m general-purpose

Investment Analysis

(AB45 area)

Above Market Value

This property is priced +8.5% above area average per sq ft

+8.5%
This Property
£148/sq ft
Area Average
£136/sq ft

Renovation Potential

Est. Renovation Cost
£110,000 - £275,000
10-25% of property value
Target Value
£1,115,656
10% above area average per sq ft
Potential ROI
-18.9%
After renovation
Monthly Sales
18
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (AB45)

Area prices are falling by +5.1% over the last 12 months
3 year growth: 2.1%
5 year growth: 1.9%
Investment Disclaimer: Analysis based on AB45 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Cornhill, Banff, Aberdeenshire
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