Cromarty View, Banff, AB45
Scotland
£155,000
Listed on 27/09/2026
Listed on 27/09/2026
The listing
Property details
Bedrooms
2Type
Detached BungalowArea
915 sqftFeatures
- Garage
- Garden
- Parking
Description
Low & Partners presents a two-bedroom detached bungalow in Banff, with a practical single-level layout and scope for modernisation. The accommodation includes an entrance hall, central lobby, lounge, kitchen, two bedrooms, a sunroom and two shower rooms. Gas central heating and double glazing are stated, and the lounge has an electric fire. The kitchen has fitted wall and base units and includes an oven, gas hob, washing machine, dishwasher and fridge freezer.
The second bedroom opens into the sunroom, which has windows on several sides and a door to the rear garden. A lean-to provides additional workshop or hobby space and connects with the garage. The double-length garage has an electric roller door, windows and separate access doors; the listing also notes that the solar panel unit is housed there.
The plot includes front and rear garden areas, with lawn, paved sections, shrubs, a shed and greenhouse. A driveway provides off-street parking. The property is in a residential part of Banff, with local amenities and services described as within reach. The listing identifies modernisation as a consideration, leaving scope for a buyer to update the existing accommodation.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
40out of 100
Grade ELow opportunity
Confidence: MEDIUM
This Banff bungalow has a tidy, usable starting point and a clear cosmetic canvas: older finishes run through the lounge, bedrooms and kitchen, while the two shower rooms also offer scope for a refresh. The bright sunroom, generous garden, lean-to and double-length garage add useful character and storage, and the visible exterior appears broadly intact. Dark staining is visible low on a wall, so its cause is worth checking.
The main drawback is the asking price: at £169/sq ft it is above the local £146/sq ft average. The £4,750–£14,250 refurbishment range is relatively light, but even adding that range to the £155,000 asking price leaves the purchase-and-refurb cost stretched against the local benchmark for this floor area; that comparison is not a forecast of the value after works. With good fundamentals and location, it has appealing features as a personal upgrade project, but the numbers make it a low-opportunity buy at this price.
Key opportunities
- Refresh the dated finishes across the living areas and bedrooms to give the home a more contemporary feel.
- Modernise the old-fashioned kitchen and shower-room finishes at the buyer’s chosen pace.
- Make the most of the bright sunroom, generous garden and double-length garage, which provide useful extra space and storage.
Key risks
- The asking price plus the stated refurbishment range leaves the purchase-and-works budget high relative to the local benchmark for this floor area.
- Plan on something close to £164,500 including the asking price and quoted works of about £9,500 — around 19% above what similar-sized stock commands locally today — current-condition benchmarks only, not after-works GDV.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£586
Based on a loan of £116,250 over 30 years at 4.45% 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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