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Jackston Of Melrose, Gamrie

Scotland

£150,000
Listed on 06/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1078 sqft

Description

This detached three-bedroom farm cottage offers an exciting investment opportunity, situated in Gamrie, just six miles from Banff. The property features a ground floor with an entrance porch, a lounge equipped with a traditional fireplace, a kitchen, and a bathroom. Upstairs, you will find two additional bedrooms. The interior is in need of modernization which opens up significant potential for value enhancement. Outside, the extensive land includes dilapidated outbuildings believed to have previously served as an equestrian facility—perfect for someone looking to transform or repurpose these spaces. The surrounding area is rich in history and natural beauty; notable sites include the ruins of St. John's Church from the 13th century and various scenic trails suitable for hiking and birdwatching along the coast. In its current state, this property presents both challenges and tremendous potential to create a desirable residence or investment.

Investment Analysis

(AB45 area)

Below Market Value

This property is priced -1.2% below area average per sq ft

-1.2%
Potential saving
This Property
£139/sq ft
Area Average
£141/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£166,961
10% above area average per sq ft
Potential ROI
-14.4%
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

Jackston Of Melrose, Gamrie
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 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.

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