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Catto Drive, Peterhead, Aberdeenshire, AB42 - Image 1

Catto Drive, Peterhead, Aberdeenshire, AB42

Scotland

£38,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Apartment

Description

This two-bedroom flat offers a promising investment opportunity in the well-established residential area of Peterhead. Spanning approximately 74 sq. m., the property includes a lounge, kitchen, bathroom, and two bedrooms. While it requires significant refurbishment and updating of fixtures, this presents a unique chance for investors or developers to enhance its value by modernising the space. The demand for affordable rental properties in Peterhead remains strong, making this flat appealing for those looking to establish a buy-to-let investment. Set within an area that boasts good access to local amenities and services, this property holds considerable potential for future returns.

Investment analysis

(AB42 area)
Area Average
£134/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
78%
Properties sold annually

Local Market Trend (AB42)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -0.3%
5 year growth: -3.9%
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

Catto Drive, Peterhead, Aberdeenshire, AB42
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£144
Based on a loan of £28,500 over 30 years at 4.45% 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.

Stamp duty calculator

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