Summary - 12, STATION PLACE, PETERHEAD, CRUDEN BAY AB42 0NF
3 bed 1 bath End of Terrace
Well-priced 3-bed end terrace with strong 13% gross rental yield potential.
30% discount to Home Report valuation
Offered at a significant 30% discount to the Home Report valuation, this three-bedroom end-terrace in Cruden Bay presents clear investment potential. At the guide price, Local Housing Allowance (LHA) income suggests a gross yield around 13%, making it attractive to buy-to-let investors seeking strong returns in a popular northeast coastal village.
The house is a timber-frame, non-traditional construction with accommodation over two levels: ground-floor lounge (dual aspect) with sliding doors to the rear garden, kitchen with utility and WC, and three first-floor bedrooms with a shower room and storage. The property has double glazing, electric heating and gardens front and rear. Flooding risk is recorded as none and the tenure is freehold.
Buyers should note material transaction and condition points: the sale is by auction and a Buyer’s Premium of 3.6% (minimum £3,600) will normally apply. The particulars state no tests have been carried out on services or fittings and no warranty is given on condition — purchasers must allow for potential repairs, maintenance or further surveys. The property sits in an area classed as very deprived and ageing urban communities, which may affect long-term capital growth and tenant demand profiles.
In short: strong short-term rental yield at an exceptional purchase price, with typical auction risks and likely maintenance/unknowns that prudent buyers should budget for. Suitable for investors or buyers prepared to manage refurbishment and let in a coastal village location.
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