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Guide Price
£35,000 Guide Price

10B Wallace Street, Peterhead, AB42 1DF

215495013

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Flat

Ownership

Freehold

Occupation

Vacant

Bedrooms

1

Council Tax

Band: A
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Excellent Residential Opportunity

Details

Property Summary

  • We are excited to present an excellent residential opportunity in the heart of Peterhead. *** Stunning Coastal Views***

  • 8, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £65,000, 2, Wallace Street, Peterhead AB42 1DF previously sold for £70,000,  4, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £95,000 and 1, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £67,000.

  • The property requires light renovation. Fantastic Capital growth potential. Sure to appeal to shrewd builder/investors or owner occupiers looking for a Rare auction property they can put their own stamp on. Ideal for investors looking to utilise the BRRR strategy.

  • For rental purposes, Once renovated the property could generate £500 - £650 , which could provide an extremely impressive 17.14% - 22.29% gross yield based on the guide price. **HIGH YIELD POTENTIAL***

  • The property is located right in the centre of Peterhead near a whole host of local amenities, with easy access to public transport nearby - ***PRIME LOCATION***Prime Property Auctions is excited to present an excellent refurb opportunity in the heart of Peterhead.

 

The property comprises: Large living room, kitchen, 1 Large double bedroom and bathroom. Property benefits from a prime location right in the city centre and nearby the coast

 

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 in the area which is also popular for rentals

 

The property requires little of renovation. Fantastic Capital growth potential. Sure to appeal to shrewd builders/investors or owner occupiers looking for a Rare auction property they can put their own stamp on. It is ideal for investors looking to utilise the BRRR strategy.

 

*Potentially Very High Yielding* Property could generate £500 - £650 , which could provide an extremely impressive 17.14% - 22.29% gross yield based on the guide price.

 

The property is offered at a DISCOUNT to ensure a fast sale at auction. There is fantastic sales evidence with similar properties selling for much higher:

8, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £65,000, 2, Wallace Street, Peterhead AB42 1DF previously sold for £70,000,  4, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £95,000 and 1, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £67,000.

 

Hugely discounted refurb opportunity and potentially high-yielding investment. Ideal for an investor seeking to execute BRRR strategy.

 

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.

 

The local areas have seen some great sales recently showing that there is strong demand. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

 

 

 

Location:

 

St Peter street is nestled in the heart of Peterhead and is a stone throw from Peterhead Bay. The centre of Peterhead benefits from local amenities such as transport links, superstores and attractive high street pubs and restaurants. With everything at your doorstep, this property offers it all to a first-time buyer or a shrewd investor looking to attract a long staying tenant.

 

Nestled on the picturesque northeastern coast of Scotland, Peterhead is a charming town that effortlessly marries maritime heritage with natural beauty. As you approach this coastal gem, the scent of salty sea air mingles with hints of fish and chips, welcoming visitors to a place where traditional and modernity coexist in perfect harmony.
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All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

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Property Features

  • We are excited to present an excellent residential opportunity in the heart of Peterhead. *** Stunning Coastal Views***
  • 8, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £65,000, 2, Wallace Street, Peterhead AB42 1DF previously sold for £70,000, 4, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £95,000 and 1, Wallace Street, Peterhead, Aberdeenshire AB42 1DF previously sold for £67,000.
  • The property requires light renovation. Fantastic Capital growth potential. Sure to appeal to shrewd builder/investors or owner occupiers looking for a Rare auction property they can put their own stamp on. Ideal for investors looking to utilise the BRRR strategy.
  • For rental purposes, Once renovated the property could generate £500 - £650 , which could provide an extremely impressive 17.14% - 22.29% gross yield based on the guide price. **HIGH YIELD POTENTIAL***
  • The property is located right in the centre of Peterhead near a whole host of local amenities, with easy access to public transport nearby - ***PRIME LOCATION***Prime Property Auctions is excited to present an excellent refurb opportunity in the heart of Peterhead.

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