Auction
Auction date passed
This lot went to auction on 8 October 2026 (21 days ago) but remains listed. It was still on the portal today. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
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See how verdicts work1-bedroom flat · AB42 1PX
For saleListed 29 daysAuction 8 Oct · unsold, still listed
Opportunity summary
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About
** sale by auction - 08 October 2026 - Timed Online Auction ** 16A erroll street, peterhead, AB42 1PX - £75,000 (Seventy Five Thousand Pounds Sterling). Top Floor Flat. Vacant possession.
Popular residential location close to Peterhead town centre *** Requires upgrading and refurbishment throughout *** Excellent investment opportunity. Freehold Sale.
Opportunity to acquire a four bedroom duplex flat situated within a well established residential area of Peterhead, The property is a purpose built first and attic floor four bedroom flat in a two storey and attic, traditional block of two flats and commercial units on the ground level.
Built circa 1900. Property stands on an adequate residential site with outside areas and boundaries comprising of - On street parking at the front. Gardens and access via rear stairwell at rear.
The accommodation comprises of entrance hallway, living room, kitchen, four bedrooms and bathroom. The main walls are of Granite/Whinstone construction. Net Area 89 Sq.M.
Close by are many amenities including shops, supermarkets, bars and restaurants, with world famous seafood available in the harbour.
Great opportunity for buy-to-let investor looking for quick renter (post renovation). The subjects can be found within the town of Peterhead, approximately 33 miles north of Aberdeen.
The town has a resident population of 24,000 people and benefits from a strong catchment.
Peterhead continues to see increasing demand due to ongoing energy sector investment and its position as a key coastal hub.
This growth is expected to support both rental values and long-term capital appreciation.
The local industry is mainly tourism and fishing - with Aberdeen itself approximately one hours drive away, offering commuting distance.
Close by are many amenities including shops, supermarkets, bars and restaurants, with world famous seafood available in the harbour.
Local pursuits include yachting, canoeing, hillwalking, shooting/hunting, golf and fishing, making the town ideal for the outdoor enthusiast.
Peterhead is the most Eastern port in Scotland with a thriving harbour and bustling fish market providing a service to the fishing, oil and gas and other maritime industries.
The town centre is a short distance from the property and provides all that one would expect from modern-day living, including a multitude of local shops, pubs and restaurants.
Auction Details 08 October 2026,10am-3pm Timed Online Auction How to Bid Now Submit an enquiry now or visit our website for full details on how to bid on this property.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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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 starting price
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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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About 16A, Erroll Street, Peterhead
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