This two-bedroom first-floor flat presents a solid investment opportunity situated in the heart of Peterhead. While the property has been well-maintained, it could greatly benefit from some updates to enhance its appeal and rental income potential. The layout features an entrance hall leading to a spacious lounge and kitchen, alongside two double bedrooms and a bathroom. The kitchen is equipped with basic units, but modernising this space could significantly increase its functionality and attractiveness to prospective tenants.
The property benefits from mains gas central heating and double glazing, ensuring warmth and comfort year-round. Its prime location is just minutes away from the bustling harbour, where high rental demand can be expected due to local amenities including shops and restaurants.
With realistic annual rental income forecasted at over £6,300 (£525 per month), this flat offers strong yield potential for savvy investors. Furthermore, with additional enhancements on the interior—such as improved bathroom fixtures or updated kitchen appliances—the return on investment could be substantial. Peterhead's rich history and vibrant community make it an ideal setting for both long-term rentals or holiday lets, particularly given the area's outdoor pursuits like yachting, fishing, and hillwalking.
