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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 property encompasses a generous plot of approximately 0.6 acres, complemented by an additional paddock of around 2.93 acres, offering excellent access from the roadside. The site has secured full planning permission for the construction of a residential dwelling along with a detached garage, making it an appealing prospect for buyers interested in developing their own home in a tranquil rural setting. Situated on the north-western fringe of Muir of Fowlis, this location balances serene countryside living with proximity to the thriving town of Alford, which is only a short drive away. Residents can benefit from local amenities including primary education at Craigievar Primary School and secondary facilities at Alford Community Campus, which features diverse services such as a swimming pool and sports hall. Alford boasts several conveniences such as shops, cafes, and restaurants, alongside recreational options like an 18-hole golf course and the Alford Ski Centre. Given its location within Aberdeenshire, this site offers significant potential for investment and development. The property is connected to mains electricity and water located nearby; however, connections will need to be arranged by the buyer. Additionally, drainage will require installation of a private treatment plant and soakaway per plot. The land is subject to a clawback agreement requiring payment of 50% of any uplift in value from non-agricultural planning permissions granted over the next two decades.

Investment Analysis

(AB33 area)
Area Average
£190/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.
Monthly Sales
9
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (AB33)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.0%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£495
Based on a loan of £101,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE