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

Scotland

£49,995
Listed on 02/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive building plot is located in the charming village of Newmill, just a short drive from the towns of Keith and Huntly. Set along a minor public road near the village center, this property boasts full planning permission for the construction of three detached two-storey homes, each with their own garage. Additionally, there is provision for a temporary residential caravan during the building phase. The region benefits from nearby mains electric access, making it easier to commence development. For those considering investment opportunities, the option exists to purchase the individual plots separately, adding flexibility to your development strategy.

Investment Analysis

(AB55 area)
Area Average
£148/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
56%
Properties sold annually

Local Market Trend (AB55)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +3.2%
5 year growth: +16.9%
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

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£180
Based on a loan of £37,496 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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