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Banff AB45

Scotland

£110,000
Listed on 06/09/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This unique property opportunity encompasses a generous 4 acres of land just north of the picturesque fishing village of Gardenstown, Aberdeenshire. The site has been granted full planning permission for the construction of a spacious three-bedroom detached bungalow alongside a detached agricultural shed, making it an ideal prospect for both self-build enthusiasts and investors looking to capitalize on the area’s growth potential. The landscape offers stunning rural views to the north and south, taking advantage of sunlight throughout the day. With easy access to the A98, this location combines tranquility with convenience, providing quick links to nearby towns such as Banff and Turriff—both approximately 10 miles away—where you can find a range of shopping and leisure facilities. The surrounding area is rich in recreational opportunities, from scenic woodland walks to coastal exploration, making it attractive for both residents and visitors alike. For families, the local primary school is situated on the outskirts of Gardenstown, while secondary education options are available at nearby Banff Academy. Additionally, the bustling city of Aberdeen is about 50 miles away, offering urban amenities within reach. Utilities are set to be connected at the site, including electricity and water. Waste management will be facilitated by a Klargester septic tank with a drainage field. This property not only presents a remarkable chance for residential development but also serves as an investment opportunity in an appealing coastal locale that shows promise for appreciation over time. For further details regarding planning permissions and specific site plans, documentation can be accessed through Aberdeenshire Council’s website (APP/2024/0440), and arrangements can be made for viewing by appointment.

Investment Analysis

(AB45 area)
Area Average
£139/sq ft
Monthly Sales
14
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (AB45)

Area prices are falling by +7.6% over the last 12 months
3 year growth: -6.2%
5 year growth: 4.9%
Investment Disclaimer: Analysis based on AB45 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.

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Location

Banff AB45
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