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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 22/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a significant redevelopment opportunity, located conveniently near the A98 and positioned between the coastal town of Banff and the desirable village of Portsoy. The site spans approximately 1.7 acres, surrounded by picturesque farmland and rolling countryside views to the south. It features several structures, including a dilapidated former mill building, an abandoned mill house, and derelict L-shaped steading buildings, all set within enclosed grounds marked by post and wire fencing. With substantial renovation or redevelopment potential, this site can be transformed to create bespoke residential or commercial spaces that capitalize on its scenic location.

Investment Analysis

(AB45 area)
Area Average
£141/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
17
Average per month
Market Turnover
98%
Properties sold annually

Local Market Trend (AB45)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -4.6%
5 year growth: +9.3%
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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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£451
Based on a loan of £93,750 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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