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Guide Price
£48,000 Guide Price

11 Low Street, Banff, AB45 1AS

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Type

Flat

Ownership

Freehold

Occupation

Vacant

Bedrooms

2

Council Tax

Band: A
Legal Pack
Download
TITLE-SHEET-1841573.pdf
Home Report
Download
HR-ABD-2024040048_PACK-11-Low-St-Banff.pdf

Available documents

Legal Pack
Home Report
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Attractive Residential Investment Opportunity

Details

Property Summary


  •  Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - ***HOME REPORT VALUE  £58,000***


 


  • ***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previously sold for £260,000***


 


  • For rental purposes, the property could attract a monthly rental of £700 - £775 per month (£8,400 - £9,300 p/a). This would provide an impressive 17 - 18% gross yield if achieved for the guide price of £50,000 - ***HIGH YIELD POTENTIAL***


 


  • Sure to appeal to owner occupiers looking for a fantastic new home or shrewd landlords looking for a great ready to let investment opportunity in a sought after buy to let location - ***TURNKEY INVESTMENT OPPORTUNITY***


 


  • Property is located within a prime location in Banff with local amenities nearby. 


 Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - ***HOME REPORT VALUE  £58,000 ***

Property comprises: Entrance Hallway, Lounge and Kitchen, 2 Large Double Bedroom and Bathroom. Property benefits from ample storage throughout, On street parking and well kept communal areas.

 

For rental purposes, the property could attract a monthly rental of £700 - £775 per month (£8,400 - £9,300 p/a). This would provide an impressive 17 - 18% gross yield if achieved for the guide price of £50,000 - ***HIGH YIELD POTENTIAL***

Fantastic high yield potential.

Great Potential for shrewd investors / developers to renovate and put their own stamp on. 

 

Sure to appeal to shrewd buy to let investors looking for a great investment opportunity or a homeowner looking for an excellent home. 

 

Excellent turn-key investment Opportunity. Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local area has seen some great sales recently showing that there is strong demand. 

 

Sales evidence: 

 

***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previously sold for £260,000***

 

Property has a Guide price of £50,000 and is sure to appeal to investors looking for a ready to let property with high yield potential.

 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” 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:

 

 

Banff, located on the stunning Moray coast of Scotland, is renowned for its picturesque landscapes, historic charm, and vibrant community atmosphere. People are attracted to living in Banff for its idyllic coastal setting, with beautiful beaches, cliffs, and nature reserves offering opportunities for outdoor activities such as hiking, birdwatching, and water sports. The town also boasts a rich cultural heritage, with historic landmarks like Duff House and its quaint, traditional architecture adding to its appeal. Additionally, Banff offers a relatively affordable cost of living compared to larger urban centers, making it an attractive option for families and retirees seeking a peaceful lifestyle. Investors may see potential in Banff due to its growing tourism industry, particularly in eco-tourism and heritage tourism, as well as opportunities in sectors such as hospitality, real estate, and renewable energy, given its coastal location and environmental assets.

 

Location

Terms of Sale

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.

Virtual Tours

Floorplans

Property Features

  • Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - ***HOME REPORT VALUE £58,000 ***
  • ***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previously sold for £260,000***
  • For rental purposes, the property could attract a monthly rental of £700 - £775 per month (£8,400 - £9,300 p/a). This would provide an impressive 17 - 18% gross yield if achieved for the guide price of £50,000 - ***HIGH YIELD POTENTIAL***
  • Sure to appeal to owner occupiers looking for a fantastic new home or shrewd landlords looking for a great ready to let investment opportunity in a sought after buy to let location - ***TURNKEY INVESTMENT OPPORTUNITY***
  • Property is located within a prime location in Banff with local amenities nearby.

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