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Building Plot, Spey Road, Craigellachie AB38 9TA - Image 1
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Building Plot, Spey Road, Craigellachie AB38 9TA

Scotland

£60,000
Listed on 20/03/2022

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents an excellent opportunity for those interested in renovation or investment, featuring a building plot that spans 0.3 acres (approximately 1,188 m²) in the charming village of Craigellachie. The location is particularly advantageous, as it is within walking distance of essential local amenities such as a primary school, the renowned Craigellachie Hotel, and the Victoria Hotel, which boasts an impressive selection of whiskies. Additionally, the Post Office and other conveniences are nearby. Craigellachie’s position offers easy access to the scenic Moray coast and the expansive Cairngorms National Park, making it ideal for outdoor enthusiasts. The surrounding Spey Valley is known for its recreational pursuits, including fishing and proximity to various distilleries, adding further appeal to this area for potential buyers. The plot currently has planning permission approved for a four-bedroom detached house that includes an integrated garage and garden space. This approval (Planning Permission reference number 19/00057/PPP) is valid until March 31, 2023. Access to the site is via Spey Road, which is maintained by the Local Authority, ensuring reliable roadway conditions. Utilities such as electricity, public sewerage, water supply, and telephone lines are readily available near the site; however, it will be the responsibility of any developer to establish connections to these services. Prospective buyers are encouraged to arrange viewings at their convenience while being mindful of the neighboring properties and respecting residents' privacy during their visits. This plot not only offers potential for development but also stands as a prime investment opportunity in a desirable location with significant lifestyle benefits.

Investment Analysis

(AB38 area)
Area Average
£155/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
107%
Properties sold annually

Local Market Trend (AB38)

Area prices are rising by +16.9% over the last 12 months
3 year growth: 34.9%
5 year growth: 29.1%
Investment Disclaimer: Analysis based on AB38 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

Building Plot, Spey Road, Craigellachie AB38 9TA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE