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10A, Wallace Street, Kirktown, Peterhead, AB421DF - Image 1
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10A, Wallace Street, Kirktown, Peterhead, AB421DF

Scotland

£18,000
Listed on 06/03/2026

Property Details

Bedrooms
1
Type
Ground Flat

Description

This first-floor one-bedroom flat, situated in the lively harbour town of Peterhead, represents an excellent investment opportunity. With a potential rental income of approximately £425 per month, translating to an annual yield of £5,100, this property stands out in the rental market. While the flat has been well-maintained, it is due for some modern upgrades to enhance its appeal and value. The layout includes a welcoming entrance hallway, a spacious lounge, kitchen, double bedroom, and a bathroom. The location is advantageous due to its proximity to local amenities such as shops and restaurants, paired with high demand driven by visitors and residents alike. Historically rich and thriving with activities related to tourism and fishing, Peterhead attracts numerous outdoor enthusiasts. Recent sales in the area provide evidence of solid market activity, suggesting strong long-term investment potential for those looking to renovate and capitalize on this prime location.

Investment Analysis

(AB42 area)
Area Average
£135/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
686%
Properties sold annually

Local Market Trend (AB42)

Area prices are falling by -6.5% over the last 12 months
3 year growth: -3.3%
5 year growth: -0.5%
Investment Disclaimer: Analysis based on AB42 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

10A, Wallace Street, Kirktown, Peterhead, AB421DF
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£65
Based on a loan of £13,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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