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King Edward, Banff AB45

Scotland

£290,000
Listed on 16/04/2026

Property Details

Bedrooms
5
Type
Farmhouse
Area
2960 sqft

Description

This historic farmhouse, located in the rural setting of King Edward, Banff, presents a unique opportunity for renovation and investment. With two spacious floors of living accommodation and an expansive cellar boasting full head height, the property is ripe for modernisation. Included with the farmhouse is a sizable outbuilding that offers versatile potential for various uses such as mechanical work, sports facilities, or livestock care. This building is in good condition and even has options to create additional space with an attic floor. The property features mature hedging and gardens comprising lawns and stone chippings, along with established shrubs. Furthermore, there’s potential access to an additional negotiable field of up to 9 acres of flat grazing land, which could be divided into smaller sections if desired. Although the farmhouse retains many original characteristics typical of its era, it is now at a point where cosmetic upgrades would greatly enhance its appeal and value. Situated conveniently between Turriff and Banff, both towns approximately 5-6 miles away offer a variety of shopping and leisure options, alongside local primary schooling at King Edward Primary School.

Investment Analysis

(AB45 area)

Below Market Value

This property is priced -31.8% below area average per sq ft

-31.8%
Potential saving
This Property
£98/sq ft
Area Average
£144/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£468,050
10% above area average per sq ft
Potential ROI
+26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (AB45)

Area prices are rising by +4.6% over the last 12 months
3 year growth: -3.6%
5 year growth: +9.7%
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

King Edward, Banff AB45
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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
£1,027
Based on a loan of £217,500 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

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