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3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 1
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 2
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 3
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 4
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 5
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 6
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 7
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 8
3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD - Image 9

3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD

Scotland

£9,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Flat

Description

This property presents a significant opportunity for renovation and investment as it is conveniently situated near the coastal path, harbor, and various shopping amenities in Banff. Currently configured as a large flat with an existing dividing wall, it offers the potential to be transformed into two separate flats, catering to the growing demand for rental properties or holiday lets in this picturesque seaside town. Once refurbished, the projected rental income could reach approximately £800 per month. Banff itself boasts a rich historical backdrop and offers a range of local activities such as fishing, golfing, and walking. The town's proximity to educational facilities and leisure options make it an attractive locale for both residents and visitors alike. Given the historical significance of Banff and its appeal as a holiday destination, this property could become an excellent buy-to-let investment or holiday apartment in a thriving area.

Investment Analysis

(AB45 area)
Area Average
£144/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (AB45)

Area prices are rising by +4.6% over the last 12 months
3 year growth: -3.6%
5 year growth: +9.7%
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

3, Strait Path, First Floor Flat, Banff, Banffshire, AB451AD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£32
Based on a loan of £6,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

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