Prime Property Auctions NEW ENTRY. Fantastic refurbishment opportunity located in the sought after location of Cruden Bay, Peterhead - * HOME REPORT VALUATION £90,000*

*19, Chapel Road, Cruden Bay, Peterhead, Aberdeenshire, AB42 0QG Previously sold for £138,000. 15, Harker Place, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £222,500. 7 Renfield Street, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £274,250. 14 Harker Place, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £492,649*

Property requires a degree of renovation. Fantastic Capital growth potential. Sure to appeal to shrewd builder/investor or owner occupier looking for a Rare auction property they can put their own stamp on.

For rental purposes, the property has previously been tenanted at £700 p/m (£8,400 p/a), which would provide an impressive 10.7% gross yield based on the guide price of £78,000. Once renovated, Property has potential to achieve £775 - £825 per month, which would provide an excellent 11-12% gross yield based on the guide price. - *HIGH YIELD POTENTIAL*

Property is located near a whole host of local amenities, with easy access to public transport nearby - *PRIME LOCATION*

Prime Property Auctions is excited to present this Fantastic refurbishment opportunity located in the sought after location of Cruden bay, Peterhead * HOME REPORT VALUATION £90,000 *

Property comprises: Entrance hallway, living room, kitchen, 2 Large double bedrooms and bathroom. Property benefits from ample storage throughout and a large garden to the front and rear.

Brilliant BRRR Opportunity. Sure to appeal to investors looking for an easy lettable property in a sought after location with great potential for Capital Growth. The local areas seen some great sales recently showing that there is strong demand.

Local sales evidence:

*19, Chapel Road, Cruden Bay, Peterhead, Aberdeenshire, AB42 0QG Previously sold for £138,000. 15, Harker Place, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £222,500. 7 Renfield Street, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £274,250. 14 Harker Place, Cruden Bay, Peterhead, Aberdeenshire, AB42 0AF Previously sold for £492,649*

Excellent Development/Refurbishment Opportunity. Property is ready for builder/investor/developer to bring to life.

Prime Opportunity for Property investor looking for a property in a excellent location. Property requires a degree of renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.

Property has a Guide price of £78,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.

Potentially high yielding investment property.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Peterhead, situated on the northeast coast of Scotland in Aberdeenshire, is a historic port town renowned for its fishing and maritime industries. With one of Europe's largest fishing fleets and a growing focus on renewable energy, the town offers diverse economic opportunities. Its coastal location provides scenic beauty and recreational activities, attracting residents who enjoy outdoor pursuits. Peterhead boasts good transport links to Aberdeen and beyond, along with a relatively affordable cost of living and a strong sense of community. With ongoing regeneration projects, investment potential in expanding industries, access to education and healthcare, and a vibrant coastal lifestyle, Peterhead emerges as an attractive destination for both living and investment in Scotland.

Floorplans

2 bedroom end of terrace house for sale