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See how verdicts work2-bedroom flat · AB45 1JU
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this 2 bedroom first floor flat with spectacular sea views in Banff.
The property comprises: Lounge, kitchen, shower room, 2 bedrooms front garden, shared access to rear with rear drying green with rotary dryer.
This property would make the ideal first time buy or buy to let investment benefiting from spacious rooms and ample storage.
Banff is situated on the Moray Firth coast at the mouth of the River Deveron and is renowned for its historic and tourist interest.
Lying approximately 46 miles from Aberdeen, Banff has a good range of shops and other local services.
Recreational facilities such as golf, fishing, bowling, swimming, sailing and other water sports are all within easy reach. Viewing is recommended to appreciate this property.
Council tax band – A EPC band - C Entry – Entry is gained via the front partially glazed exterior door leading into the entrance hall. Stairs to the right lead you to the landing.
First floor – The stair case leads on to the landing, front window provides natural light. Access can be gained to bedroom 1, shower room, kitchen and lounge.
Bedroom 1 – (3.67m x 4.05m) (12.04ft x 13.29ft) approx. Large rear window overlooks the rear garden area. Built-in wardrobe with shelving provides additional storage.
Shower Room – (1.81m x 1.50m) (5.94ft x 4.92ft) approx.
The shower room has a 3 piece suite consisting of W/C with shelving above, wash hand basin with two taps and storage cupboard below, enclosed corner shower unit.
A front facing opaque window provides natural light. Kitchen – (3.14m x 1.64m) (10.30ft x 5.38ft) approx.
The kitchen has ample base and wall units, undercounter space for white goods and sink with a drainer and mixer tap. Gas cooker with overhead extractor fan.
Large side facing window boasts spectacular sea views and front opaque window, both provide natural light. Boiler in corner of kitchen with ‘Hive’ heating system connected.
Lounge – (4.90m x 3.70m) (16.07ft x 12.14ft) approx. Large side window boasts sea views from lounge and provides natural light. Access to bedroom 2.
Bedroom 2 – (2.78m x 4.01m) (9.12ft x 13.15ft) approx. Rear facing window overlooks side garden area and provides natural light. Outside – There are steps from St.
Catherine Street up to a slabbed path way that is shared with the ground floor flat. The front garden area that is mainly laid to lawn, fenced and gated off, is owned by 62A St Catherine Street.
Through a side gate next to the front of the property there is access to the rear. Rear drying green is fenced off, laid to lawn and has a rotary dryer.
There is an outdoor tap and outdoor electric sockets, both can be found at the side of the property. Please refer to the plan.
The subjects at 62A St Catherine Street, Banff are tinted blue and include the three areas of ground tinted pink and the path tinted mauve.
The drying green tinted yellow and the path tinted brown are shared with the ground-floor flat at 62 St Catherine Street
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 62A, St. Catherine Street, Banff
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