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Hill Street, Newmill, Keith, Aberdeenshire AB55 - Image 1
Hill Street, Newmill, Keith, Aberdeenshire AB55 - Image 2
Hill Street, Newmill, Keith, Aberdeenshire AB55 - Image 3

Hill Street, Newmill, Keith, Aberdeenshire AB55

Scotland

£59,995
Listed on 12/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive building plot is positioned in the charming village of Newmill, offering significant investment potential. With a short drive to the nearby towns of Keith and Huntly, the location benefits from both rural tranquility and accessibility to local amenities. Full planning permission has already been secured for the construction of three detached two-storey homes, each designed with an accompanying garage. Additionally, provisions have been made for a temporary residential caravan on-site during the building phase. This plot not only allows for collective development but could also be subdivided into three individual plots should that be preferable. Mains electricity is available nearby, enhancing the feasibility of future development. Interested parties are welcome to view the site to fully appreciate its potential.

Investment Analysis

(AB55 area)
Area Average
£150/sq ft

Renovation Potential

Light 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
17
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (AB55)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 0.1%
5 year growth: 14.6%
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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£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£216
Based on a loan of £44,996 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE