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Mill Of Rettie, Boyndie, Banff AB45 - Image 1
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Mill Of Rettie, Boyndie, Banff AB45

Scotland

£125,000
Listed on 11/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising renovation and investment opportunity, ideally located just off the A98, conveniently situated between the coastal town of Banff and the charming village of Portsoy. The surrounding landscape features expansive views of farmland and rolling countryside to the south, offering a serene backdrop for future development. Spanning approximately 1.7 acres, the site is bordered by post and wire fencing, providing a defined boundary for what could become either a residential or commercial project. At its heart lies Mill of Rettie, which includes a former mill building in need of significant restoration, alongside a derelict mill house and L-shaped steading structures that offer additional potential for redevelopment. The property's current condition allows for creative freedom; investors can explore various possibilities ranging from residential conversions to agricultural ventures. With both Banff and Portsoy within easy reach, this location benefits from local amenities while still maintaining a peaceful rural atmosphere—making it an attractive proposition for those looking to capitalize on growth in this desirable area.

Investment Analysis

(AB45 area)
Area Average
£140/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (AB45)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -9.7%
5 year growth: 3.6%
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

Mill Of Rettie, Boyndie, Banff AB45
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£458
Based on a loan of £93,750 over 30 years at 4.19% 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