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Meft Road, Residential Develop Meft Road, Urquhart IV30 - Image 1
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Meft Road, Residential Develop Meft Road, Urquhart IV30

Scotland

£275,000
Listed on 16/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a rare opportunity for residential development within the charming village of Urquhart, situated only 6 miles from Elgin. Covering approximately 1.42 hectares (3.50 acres), the site holds potential for constructing up to 20 family homes. Notably, a developer contribution fee of £21,932 has already been settled, which can streamline the development process. The northern outskirts of Urquhart offer an appealing location with direct access from Meft Road. The eastern section of the site is designated R1 and has previously received full planning permission for 10 dwellings alongside necessary roads and landscaping (Moray Council planning ref: 20/00120/app - currently expired as of February 17, 2025). In addition to this, the western portion is earmarked for further housing in the MC Local Development Plan 2020 (long 1), allowing for an additional capacity of around 10 houses. All interested buyers should verify service availability on-site to ensure feasibility. This development site not only benefits from its strategic location between Elgin and key cities like Aberdeen and Inverness but also from existing planning insights that could be revitalized or expanded upon, making it a promising investment.

Investment Analysis

(IV30 area)
Area Average
£189/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
71%
Properties sold annually

Local Market Trend (IV30)

Area prices are rising by +7.6% over the last 12 months
3 year growth: +16.9%
5 year growth: +24.0%
Investment Disclaimer: Analysis based on IV30 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

Meft Road, Residential Develop Meft Road, Urquhart IV30
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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
£992
Based on a loan of £206,250 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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