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Bank Brae, Alford AB33

Scotland

£240,000
Listed on 17/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1507 sqft

Description

This spacious five-bedroom family residence is situated in the well-regarded village of Alford, offering significant potential for renovation and modernization. While the property features double glazing and electric central heating, it presents opportunities to enhance its overall appeal with updates throughout. The generous layout includes a bright lounge with natural light, an open-plan dining room leading into the rear garden, and a kitchen that is in need of a contemporary refresh. The bedrooms are well-sized, with built-in wardrobes in several rooms, providing ample storage. The en-suite on the ground floor adds convenience for families or guests. Additionally, a versatile study space could easily be converted into another bedroom if desired. Outside, both front and rear gardens provide outdoor space for families to enjoy. Located near various local amenities like shops and schools along with quick access to Aberdeenshire's attractions makes this property an excellent investment opportunity for those looking to personalize their home in a vibrant community.

Investment Analysis

(AB33 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£159/sq ft
Area Average
£190/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,963
10% above area average per sq ft
Potential ROI
+12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (AB33)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.0%
Investment Disclaimer: Analysis based on AB33 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

Bank Brae, Alford AB33
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 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