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2 bed property, in Prince Street, £62,000
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2 bed flat

Prince Street, Peterhead AB42
Auction
£62,000

Our Summary

  • With potential for renovation, it offers significant capital and rental growth, promis
  • With potential for renovation, it offers significant capital and rental growth, promising a rewarding return on investment
  • 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

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Description

This vacant 2-bedroom flat is located in a prime area of Peterhead, Aberdeen, with a vacant 2-bedroom flat previously selling for £142,000 at 46 Prince Street, £105,000 at 52 Prince Street, and £120,000 at 107a Queen Street. The property has potential for renovation, offering significant capital and rental growth. Once renovated, the property could achieve a rental income of £700 to £750 per month, resulting in an annual income of £8,400 to £9,000, representing a 9% to 10% yield.

The property features an inviting entrance vestibule, welcoming hallway, spacious living room, dining area, two generously sized bedrooms, a well-equipped kitchen, and a modern shower room with W.C.