Summary - Maiden Street, Peterhead, AB42 AB42 1EE
1 bed 1 bath Apartment
High-yield auction opportunity close to Peterhead harbour.
Guide price £15,000; Home Report £20,000
A one-bedroom, ground-floor apartment in central Peterhead offered for sale at auction on 5th November. The property sits in a Victorian terraced building with period features, high ceilings and generous overall size (approximately 1,656 sq ft), presenting clear scope for refurbishment and income generation.
Well-suited to investors: guide price £15,000 with a Home Report valuation of £20,000 and projected rental income of around £350–£375 PCM. At the guide price this equates to a very high gross yield, making it attractive for a buy-to-let portfolio or a renovation project to improve rent and value.
The flat requires substantial work. The exterior shows weathering, moss and signs of damp; internal features such as wooden floors, fireplace and mouldings need repair or restoration. EPC band G signals poor energy efficiency and likely further investment for heating and insulation improvements. Tenure is unknown and the property will be sold at auction — purchasers should allow time for legal checks and potential additional costs.
Location strengths include strong mobile and broadband connectivity, easy access to local supermarkets and amenities, and proximity to Peterhead harbour and A90 transport links. The immediate neighbourhood is classified as very deprived with a transitional Eastern European population and a constrained rental market; this supports rental demand but suggests tenancy and management considerations.
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