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Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 1
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 2
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 3
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 4
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 5

Plot 1 with Land at Muir of Fowlis, Alford AB33

Scotland

£135,000
Listed on 25/04/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This plot, covering approximately 0.6 acres (2428sqm), includes an additional c.2.93 acre paddock with excellent roadside access and is suitable for a residential development, given that it comes with full planning permission for the construction of a house along with a detached garage. Nestled on the north-western edge of Muir of Fowlis, a charming rural hamlet, this property enjoys proximity to the expanding town of Alford, which offers essential amenities and recreational facilities. The local area boasts quality educational institutions such as Craigievar Primary School just 1.5 miles away and Alford Community Campus featuring secondary education options alongside sports and leisure facilities. With its nearby shops, cafes, and even an 18-hole golf course, the location provides a blend of rural tranquility and community living. This property presents a significant investment opportunity not only for residential development but also for future value enhancement through potential non-agricultural planning permissions. Additionally, mains electricity and water are accessible nearby with drainage solutions requiring installation by the new owner. Please note that there will be a clawback provision tied to any uplift in value from subsequent planning permissions over the next 20 years.

Investment Analysis

(AB33 area)
Area Average
£188/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Market Turnover
%
Properties sold annually

Local Market Trend (AB33)

Area prices are rising by +7.6% over the last 12 months
3 year growth: -3.8%
5 year growth: +9.6%
Investment Disclaimer: Analysis based on AB33 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Plot 1 with Land at Muir of Fowlis, Alford AB33
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£487
Based on a loan of £101,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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