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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 29/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This residential development site presents an exciting opportunity to build up to 20 family homes in the charming village of Urquhart, just 6 miles from Elgin. Spanning approximately 1.42 hectares (3.50 acres), the property is strategically positioned on the northern edge of Urquhart, with direct access from Meft Road. Previously, full planning permission was granted for a portion of the site for 10 dwellings, which has now expired but serves as a solid foundation for future development prospects. The local development plan indicates that housing is encouraged in this area, allowing for an additional 10 homes in line with community needs. As essential services are accessible nearby, interested developers will need to confirm their capacities and connections. This location is ideal for investors seeking growth within a tranquil setting, while also enjoying easy commuting routes to both Aberdeen and Inverness.

Investment Analysis

(IV30 area)
Area Average
£191/sq ft

Renovation Potential

Medium 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
51
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (IV30)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +12.5%
5 year growth: +20.3%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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