48 Prince Street, Peterhead, AB42 1QL

Description

• PRIME NEW LISTING. We are excited to present this vacant 2-bedroom flat located within a prime location in Peterhead, Aberdeen.

• **46 Prince Street, Peterhead, AB42 1QL sold for £142,000, 52 Prince Street, Peterhead, AB42 1QL sold for £105,000, 107a Queen Street, Peterhead, AB42 1UA sold for £120,000.**

• This property presents an ideal opportunity for the ambitious investor looking to utilise the BRRR strategy. With potential for renovation, it offers significant capital and rental growth, promising a rewarding return on investment.

• Once renovated, this property could achieve a rental income of £700 to £750 per month, resulting in an impressive annual income of £8,400 to £9,000. This represents a 9% to 10% yield if acquired at the guide price, making it a lucrative rental income vehicle.

• Situated in a sought-after buy-to-let location, this property is a fantastic opportunity for a shrewd investor seeking multiple avenues of profit. It is truly a rare opportunity to acquire a valuable asset in this desirable area.

PRIME NEW LISTING. We are excited to present this vacant 2-bedroom flat located within a prime location in Peterhead, Aberdeen.

The property comprises an inviting entrance vestibule leading to a welcoming hallway. The spacious living room seamlessly connects to the dining area in a semi-open plan, providing a perfect space for relaxation and entertaining. There are two generously sized bedrooms offering comfort and tranquillity. The well-equipped kitchen and the modern shower room with W.C. complete the harmonious layout.

This property presents an ideal opportunity for the ambitious investor looking to utilise the BRRR strategy. With potential for renovation, it offers significant capital and rental growth, promising a rewarding return on investment.

Once renovated, this property could achieve a rental income of £700 to £750 per month, resulting in an impressive annual income of £8,400 to £9,000. This represents a 9% to 10% yield if acquired at the guide price, making it a lucrative rental income vehicle.

Situated in a sought-after buy-to-let location, this property is a fantastic opportunity for a shrewd investor seeking multiple avenues of profit. It is truly a rare opportunity to acquire a valuable asset in this desirable area.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**46 Prince Street, Peterhead, AB42 1QL sold for £142,000, 52 Prince Street, Peterhead, AB42 1QL sold for £105,000, 107a Queen Street, Peterhead, AB42 1UA sold for £120,000.**

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

Peterhead is a bustling town in Aberdeenshire, renowned for its vibrant maritime culture and rich heritage. As one of the UK's key fishing ports, it offers a blend of modern amenities and scenic coastal beauty, making it an attractive place to invest and reside.

Map

Need help funding this purchase?

Virtual Tour

Play Video: 48 Prince Street, Peterhead, AB42 1QL

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.