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5 bedroom semi-detached house for sale
11 St Catherines Street Banff AB45 1HT
£150,000
11 St Catherines Street Banff AB45 1HT
£150,000
Our Summary
- Subject to necessary planning and consents
- *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***Property could potentially achieve £1,300 per month if run as a standard buy-to-let, generating an annual gross income of £15,600 or a gross yield of 10
- *** SURE TO APPEAL TO A SHREWD INVESTOR ***Property benefits from a coastal and tranquil location of Banff and requires a degree of renovation to benefit from full potential
- The property would suit a family looking to upsize, or a first time buyer looking for a home to put their own stamp on
- *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *** Property could potentially achieve £1,300 per month if run as a standard buy-to-let, generating an annual gross income of £15,600 or a gross yield of 10
- *** SURE TO APPEAL TO A SHREWD INVESTOR *** Property benefits from a coastal and tranquil location of Banff and requires a degree of renovation to benefit from full potential
- *** SURE TO APPEAL TO A VARIETY OF BUYERS **** 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: *** 10, Fountain Street, Banff, Banffshire, AB45 1JH Sold for £311,311 in May 2024, 17, Waters Edge, Banff, Banffshire, AB45 1GH Sold for £305,000 in July 2024 *** Property is due to go to auction for our upcoming timed online event
Description
Prime Property Auctions is offering a large 5-bedroom semi-detached house in Banff, Aberdeenshire, with a guide price of £150,000. The property, which requires renovation, has the potential to generate a high yield as a HMO or standard buy-to-let investment. If run as a HMO, it could achieve £3,000 per month, resulting in an annual income of £36,000 and a gross yield of 24%. Alternatively, it could generate £1,300 per month as a standard buy-to-let, resulting in an annual gross income of £15,600 and a gross yield of 10.4%. The property benefits from a coastal and tranquil location, making it an attractive opportunity for investors and families looking to upsize. With similar properties in the area selling for much higher prices, this property presents a discounted opportunity for a savvy buyer.