Worst House on the Street Logo
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 - Image 6
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 7
Plot 1 with Land at Muir of Fowlis, Alford AB33 - Image 8

Plot 1 with Land at Muir of Fowlis, Alford AB33

Scotland

£135,000
Listed on 25/04/2024

Property Details

Bedrooms
N/A
Type
Plot

Description

This impressive 0.6-acre plot, accompanied by a 2.93-acre paddock, presents a remarkable opportunity for investment or development in the scenic rural setting of Muir of Fowlis. With full planning permission already in place for a new dwelling and a detached garage, this parcel is primed for immediate development, highlighting its potential for residential construction while enjoying the benefits of spacious land. The location offers easy access to local amenities and educational institutions in nearby Alford, which boasts a rich array of shops, leisure facilities, and outdoor activities such as golf and skiing. Additionally, with mains services available nearby and the requirement for private drainage solutions, this site not only allows for personalization in design but also promises growth potential with regulatory considerations in mind. The specified clawback clause ensures that future value appreciation can be shared with the seller, making this a strategic choice for savvy investors.

Investment Analysis

(AB33 area)
Area Average
£192/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (AB33)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -5.8%
5 year growth: +3.2%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development