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Hill Street, Newmill, Keith, Aberdeenshire AB55 - Image 1
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Hill Street, Newmill, Keith, Aberdeenshire AB55 - Image 3

Hill Street, Newmill, Keith, Aberdeenshire AB55

Scotland

£49,995
Listed on 06/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This expansive building plot offers a unique opportunity for development in the charming village of Newmill. Conveniently located just a short drive from the towns of Keith and Huntly, this site is positioned on a quiet public road near the village centre. With full planning permission already in place for the construction of three detached two-storey homes, each with a garage, this property holds significant investment potential. Additionally, there is provision for a temporary residential caravan during the construction phase. The necessary services, including mains electricity, are readily accessible nearby. For investors and developers, there's also the option to purchase each of the three plots separately, providing flexibility in your development strategy.

Investment Analysis

(AB55 area)
Area Average
£150/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£90,000 - £130,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (AB55)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +0.3%
5 year growth: +16.2%
Investment Disclaimer: Analysis based on AB55 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

Hill Street, Newmill, Keith, Aberdeenshire AB55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,496 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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