FOR SALE BY ONLINE AUCTION THURSDAY 25TH AUGUST AT 9.00AM. Two bedroom flat in Peterhead. Requires refurbishment. Estimated potential rental value in the region of £550pcm, providing a 22.7% yield at Guide Price.
The property is comprised of a hallway, with two bedrooms on the left, a living room and separate kitchen on the right, and a bathroom at the end of the hallway down a few steps.
The property is in need of refurbishment, but could reach a rental value of around £550pcm - a great opportunity for property developers and buy-to-let investors.
Nearby Sales include:
• Two bed flat, Gladstone Road – Sold £52,500 Nov 19
• Two bed flat, Ware Road – Sold £56,000 May 19
• Two bed flat, Cairntrodlie – Sold £62,330 Dec 19
Peterhead is a town in Aberdeenshire - roughly 40 minutes' drive from Aberdeen city - with a population of over 19,000 people, providing strong tenant demand. The property is in a prime location; just a short walk from supermarkets, shops, and the beach, as well as being situated near Peterhead Academy.
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Two Bedroom Flat in Peterhead
Requires Internal Modernisation
Estimated Rental Income in the Region of £550pcm/22.7% Yield at Guide Price
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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