2-bedroom flat · AB42 1RB
Listing removedReduced £6k (−15.8%) on 21 AugListed 102 daysAuction 29 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction – 29th July An exciting opportunity to acquire this two-bedroom flat situated within a well-established residential area of Peterhead, conveniently located within easy reach of the town centre and local amenities.
Extending to approximately 74 sq. M., the property comprises a lounge, kitchen, bathroom and two bedrooms.
The flat offers excellent scope for refurbishment and modernisation, making it an ideal project for investors, developers or those seeking to create a strong buy-to-let investment.
The property is currently in need of improvement works, including upgrading of fixtures and fittings, and presents significant potential for value enhancement.
Local authority-built flats in Peterhead continue to attract investor interest due to their affordability and rental demand.
Positioned within a popular residential setting with a reasonable range of nearby services and amenities, this is a rare chance to purchase a property with genuine upside potential at an attractive entry level.
Auction Date: 29th July Council Area: Aberdeenshire Peterhead is a coastal town in Aberdeenshire, north-east Scotland, located at the easternmost point of mainland Scotland.
Peterhead combines a working industrial harbour with historic granite buildings and a strong local identity.
Visitors often appreciate its authentic fishing-town atmosphere, coastal scenery, and maritime heritage.
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion.
If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days.
For these reasons, it is suitable for cash buyers only.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
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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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 advisors 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.
Area
Agent & docs
FAQ
About GFF, 95, Catto Drive, Aberdeenshire
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