Summary - 40, RICHMOND TERRACE, PETERHEAD AB42 2BS
1 bed 1 bath Flat
Vacant, well-maintained flat with strong yield potential for investors.
- One-bedroom upper cottage flat, approximately 580 sq ft
- Home Report valuation £60,000; current guide price £39,000
- Potential rental income circa £473.72 pcm (current LHA)
- Driveway for off-street parking and communal garden access
- Property offered vacant and well maintained internally
- Sold at auction — buyer’s premium and conditional sale process
- Located in a very deprived area; local market demand may vary
- Council Tax Band A keeps ongoing costs very low
An upper one-bedroom cottage flat presented vacant and in good order, set in a quiet residential street in Peterhead. The flat includes a spacious lounge, modern kitchen, large double bedroom and shower room across a compact 580 sq ft layout. Externally there is off-street parking via a driveway and access to a communal garden.
For investors this property is straightforward: the Home Report values the flat at £60,000 while the current auction guide price is £39,000. Using current LHA figures the flat could achieve approximately £474pcm, implying a strong gross yield at the guide price. Broadband speeds and mobile signal are reported as good, supporting rental demand.
Buyers should note material points: the area is classified as very deprived and sold at auction, so purchasers must allow for an auction buyer’s premium and the faster timescale and conditional nature of auction purchases. Council Tax Band A keeps running costs low, but local demand and values can be affected by the wider area profile.
Overall this is a tidy, low-maintenance one-bedroom flat offering immediate rental potential or a low-effort entry for a buy-to-let portfolio. Investors confident buying at auction and comfortable with the local market profile will find clear upside between guide price and Home Report valuation.
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