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Bank Brae, Alford

Scotland

£240,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached
Area
1507 sqft

Description

This expansive five-bedroom family residence is located in the sought-after village of Alford, a community known for its vibrant atmosphere and ample amenities. While the property offers double glazing and electric central heating, it presents a prime opportunity for modernization to enhance its appeal. The layout includes spacious living areas, such as a bright lounge with laminate flooring and an electric wall fire, and an open-plan dining room that benefits from patio doors leading to a manageable rear garden—perfect for family activities. The kitchen, although functional, is dated and awaits updates; however, it features a practical larder cupboard that could be transformed into a utility space. The five bedrooms provide generous proportions and built-in storage options, catering well to families or individuals needing extra space. Additionally, the home includes an en-suite on the ground floor—a feature that can add significant value—and a study that could serve as an additional bedroom if desired. Complemented by easily maintained front and rear gardens along with a single garage equipped with power, this property is ripe for investment. With some thoughtful renovations, this house has the potential to become your ideal family home in Alford's welcoming community.

Investment Analysis

(AB33 area)

Below Market Value

This property is priced -17.0% below area average per sq ft

-17.0%
Potential saving
This Property
£159/sq ft
Area Average
£192/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£318,113
10% above area average per sq ft
Potential ROI
+13.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (AB33)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -5.8%
5 year growth: +3.2%
Investment Disclaimer: Analysis based on AB33 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

Bank Brae, Alford
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 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.

Price History

-7.7% since listed
£240,000£20,000(-7.7%)
27/12/2025
Current price
£260,000Initial listing
21/10/2025

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