Summary - 8, YORK STREET, PETERHEAD AB42 1QA
6 bed 2 bath End of Terrace
Substantial period property with strong rental potential and auction value.
- Six bedrooms across three floors, 1,873 sq ft total
- Original period features: coving, deep skirtings, turned staircase
- Two reception rooms, modern kitchen, en-suite plus shower room
- Gas central heating and double glazing already fitted
- Offered at auction; guide price £100,000 (Home Report £140,000)
- Area: very deprived, transitional Eastern European neighbourhood
- Strong rental/HMO and Airbnb potential; constrained owner-occupier market
- Some rooms need modernisation; hallway is dated
A large Victorian end-terrace offering six bedrooms across three floors, presented with many original period features and clear scope for conversion or refurbishment. The property includes two reception rooms, a modern-fitted kitchen, a family bathroom, an en-suite, a separate shower room and extensive storage — practical for a spacious family home or high-yield HMO/Airbnb conversion. Gas central heating and double glazing are already in place.
Sold freehold at an online auction, the lot is offered at a discounted guide price of £100,000 against a Home Report valuation of £140,000. That gap underlines strong value for buyers willing to move quickly and manage an auction purchase. Broadband and mobile signal are both strong, and the property has no flooding risk.
Be candid about local conditions: the immediate area is classified as very deprived with a transitional Eastern European neighbourhood and a high proportion of renters. This supports rental demand and HMO potential but may limit owner-occupier resale appeal and bring management responsibilities associated with lettings and a constrained local market.
Internally some areas will need updating — the hallway is dated and other rooms may require modernisation or maintenance to reach their full earning potential. Buyers should review the legal pack and Home Report carefully before bidding and allow budget for refurbishment and ongoing management if letting to multiple tenants.
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