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14 Elmbank, Castle Street, Banff, Aberdeenshire - Image 1
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14 Elmbank, Castle Street, Banff, Aberdeenshire

Scotland

£115,000
Listed on 26/02/2026

Property Details

Bedrooms
1
Type
Detached house

Description

This property presents a remarkable investment opportunity for those looking to capitalize on the conversion of unused office space into three residential flats, consisting of one, two, and three-bedroom units. Planning permission is already secured, simplifying the development process. The building features charming original architecture with high ceilings and large sash windows that can infuse the new apartments with natural light and character. There are two basement store rooms that add to the potential of the property, along with a grand staircase leading to the first and upper floors. Located in an area that offers stunning sea views while being conveniently close to local shops, amenities, and scenic routes around historic Duff House and nearby beaches, this project is poised for success.

Investment Analysis

(AB45 area)
Area Average
£140/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
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
74%
Properties sold annually

Local Market Trend (AB45)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -5.4%
5 year growth: +8.8%
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

14 Elmbank, Castle Street, Banff, Aberdeenshire
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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
£415
Based on a loan of £86,250 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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