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Bank Brae, Alford

Scotland

£240,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1507 sqft

Description

This spacious family home offers five bedrooms and is situated in the sought-after village of Alford, near the picturesque Cairngorms. While the property features essential amenities like double glazing and electric central heating, it presents a significant opportunity for modernization to suit contemporary tastes. The generous layout includes a bright lounge with a laminate floor and an electric wall fire as its focal point, leading into an open-plan dining room with patio doors that provide access to the garden—ideal for families. The kitchen requires updating and features a practical larder cupboard along with space for conversion into a utility area, enhancing its functionality. Each of the five bedrooms is well-proportioned, with built-in wardrobes in several and one located on the ground floor featuring an en-suite—a great option for those with mobility concerns. Additionally, a study could easily be converted into another bedroom, while outside boasts private front and rear gardens. This property represents a valuable investment potential, especially given its proximity to local amenities including schools, recreational facilities, and transport links to larger towns.

Investment Analysis

(AB33 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£159/sq ft
Area Average
£190/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£314,963
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (AB33)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.0%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 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