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

Plot 2 with Land at Muir of Fowlis, Alford AB33

Scotland

£125,000
Listed on 25/04/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This plot spans approximately 0.6 acres (2428 sqm) and includes an adjacent paddock of about 1.70 acres, presenting an intriguing opportunity for development. With full planning permission in place for a residential dwelling and a detached garage, this property offers a solid foundation for a project that can be tailored to individual needs. Situated on the north-western edge of Muir of Fowlis, this property benefits from its location within a charming rural hamlet while being in close proximity to Alford, a thriving town with numerous amenities. Residents will appreciate the local primary education provided at Craigievar Primary School, just 1.5 miles away, along with secondary schooling at Alford Community Campus, which features facilities such as a swimming pool, sports hall, and library. Alford itself is well-equipped with essential services including grocery stores, bakeries, butcher shops, and a post office. The Haughton Arms Hotel adds to the local charm with its menu featuring locally sourced dishes. Additionally, recreational options abound; from cafes to an 18-hole golf course and the Alford Ski Centre, the area caters to various leisure activities. Accessing the property is straightforward via major routes from Inverurie through Tillyfourie and onto Alford Road. The clarity of directions ensures ease of travel for potential investors or future homeowners. For those interested in maximizing investment potential, it should be noted that both paddocks will be subject to a clawback provision wherein 50% of any uplift in value resulting from non-agricultural planning permissions will be payable to the seller within 20 years post-sale completion. Utilities such as mains electricity and water are readily available nearby; however, connection will be required by the purchaser. Waste management will involve private treatment plants and soakaway systems per plot. This property presents not only an attractive canvas for immediate development but also substantial long-term investment potential in this evolving region.

Investment Analysis

(AB33 area)
Area Average
£189/sq ft

Renovation Potential

Est. Renovation Cost
£12,500 - £31,250
10-25% of property value
Monthly Sales
10
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (AB33)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -9.6%
5 year growth: 9.0%
Investment Disclaimer: Analysis based on AB33 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

Plot 2 with Land at Muir of Fowlis, Alford AB33
Map showing location of Plot 2 with Land at Muir of Fowlis, Alford AB33
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