Moray, Scotland

The typical property in AB38

Aberlour and the lower Spey valley, Speyside whisky country, where second-home demand from outside the region has driven prices ahead of the wider rural market.

Area summary

AB38 covers Aberlour and the lower Spey valley in Moray (administratively a Moray Council area despite the AB postcode prefix). The village of Aberlour sits on the south bank of the Spey, with several substantial Speyside whisky distilleries within the postcode boundary or immediately adjacent.

Housing stock is dominated by Victorian planned-village stone terraces in central Aberlour, larger detached riverside villas along the Spey, and a tail of late-20th-century estate development on the western edge. Properties with river frontage carry a meaningful premium.

The local economy is heavily anchored by whisky distillation: Aberlour, Cardhu, Glenfarclas, Knockando, Glenallachie and the Macallan all operate within or close to the postcode. The Macallan's substantial new distillery, opened in 2018 near Craigellachie, was one of the largest single capital investments in Speyside in a generation.

Demand from outside the region has lifted prices for the better stone-built properties; the Speyside Way long-distance path and the river itself draw a meaningful tourism market.

What the data shows

Average sold
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Median sold
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Full data for AB38

Researched facts

  • The Macallan Distillery's new £140m visitor distillery on the Easter Elchies estate opened in 2018 and is operated by Edrington., source
  • The Speyside Way long-distance path passes through Aberlour on its route from Buckie to Aviemore., source
  • Aberlour and most of AB38 are administered by Moray Council, not Aberdeenshire, despite the AB postcode prefix., source

Buyer notes

  • The boundary between Moray Council and Aberdeenshire Council is not aligned with the postcode boundary; verify which authority covers your specific address, as council-tax and planning regimes differ.
  • River Spey is a designated Special Area of Conservation; riparian development is materially restricted.
  • Speyside has seen a sharp expansion of short-term let supply since the 2020s; the Moray Council short-term let licensing regime is fully in force and a Control Area designation may follow.

The full AB38 data page

Sold price history, crime totals, EPC distribution, council tax bands and more, pulled live from HM Land Registry, Police UK and the EPC Register.

AB38 property data

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Compare AB38 with adjacent areas in the same postcode district.

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