Worst House on the Street Logo
High Street, Banff, AB45 - Image 1
High Street, Banff, AB45 - Image 2
High Street, Banff, AB45 - Image 3
High Street, Banff, AB45 - Image 4
High Street, Banff, AB45 - Image 5
High Street, Banff, AB45 - Image 6
High Street, Banff, AB45 - Image 7
High Street, Banff, AB45 - Image 8
High Street, Banff, AB45 - Image 9
High Street, Banff, AB45 - Image 10
High Street, Banff, AB45 - Image 11

High Street, Banff, AB45

Scotland

£295,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
4080 sqft

Description

The Old Rectory presents a unique investment opportunity in the heart of Banff, offering five spacious bedrooms and four receptions across its expansive 379 square metres. This traditional residence, set behind wrought iron gates, features a classic façade and generous proportions that evoke the grandeur of its time. While the interior requires modernization, its layout is versatile, making it suitable for transformation into an impressive family home or multi-functional property. The ground level boasts multiple living spaces including a dining room with an open fireplace and a back lounge with direct access to a private decking area — ideal for entertaining or quiet mornings alike. The kitchen provides a solid foundation to be upgraded into a contemporary culinary space. On the first floor, four large bedrooms await, complemented by an en suite in the master and additional bathroom facilities for the others. The attic offers more potential through its three interconnected rooms — perfect for new bedrooms or work-from-home spaces. Notably, the lower ground floor is self-contained with separate entrance access, hosting a lounge, kitchen, bathroom, utility space, and bedroom; this could easily be converted into an independent living unit or guest accommodation (subject to approvals). The outdoor space includes an enclosed front garden and substantial rear garden awaiting your landscaping vision. Positioned within an attractive historic setting close to local amenities and scenic coastal walks along Moray Firth, this property combines charm with endless possibilities. Ideal for those looking to invest in a character home ripe for renovation.

Investment Analysis

(AB45 area)

Below Market Value

This property is priced -48.6% below area average per sq ft

-48.6%
Potential saving
This Property
£72/sq ft
Area Average
£141/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£631,910
10% above area average per sq ft
Potential ROI
+60.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
98%
Properties sold annually

Local Market Trend (AB45)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -4.6%
5 year growth: +9.3%
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.

Location

High Street, Banff, AB45
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,064
Based on a loan of £221,250 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.

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.