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Longhaven, Peterhead AB42 - Image 1
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Longhaven, Peterhead AB42

Scotland

£200,000
Listed on 13/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4090 sqft

Description

Presenting an exceptional renovation opportunity on the stunning Buchan coastline in Aberdeenshire, this property, formerly a school and now known as Longhaven Castle, offers unique potential for transformation. Nestled within a picturesque village setting, the red granite structure boasts planning permission (Reference: App/2025/0190) for conversion into an expansive six-bedroom family home with an additional self-contained granny flat. This generous 1,800 m² plot is bordered by traditional granite walls, ensuring both privacy and character, and is located just half a mile from the scenic Longhaven Cliffs Nature Reserve. The rich history surrounding the area is enhanced by nearby landmarks, including Slains Castle, which echoes a legacy of inspiration dating back to Bram Stoker. The property consists of three interconnected buildings: the original one-storey schoolhouse with its charming timber-pitched roof, an adjacent single-storey school building that retains architectural integrity, and a more modern rear extension that provides added flexibility for design innovation. Internally, while the space currently features various finishes and basic heating provisions, it awaits reimagining into a vibrant residence. Outside, ample parking and mature landscaping present further opportunities for enhancement and outdoor living spaces. Strategically located near major transport routes yet enveloped in natural beauty, Longhaven Castle represents not just a property but a blank canvas enriched with potential for residential or investment ventures in one of Scotland's most beloved coastal locales.

Investment Analysis

(AB42 area)

Below Market Value

This property is priced -65.3% below area average per sq ft

-65.3%
Potential saving
This Property
£49/sq ft
Area Average
£141/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£634,359
10% above area average per sq ft
Potential ROI
+41.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
467%
Properties sold annually

Local Market Trend (AB42)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -4.1%
5 year growth: -0.3%
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

Longhaven, Peterhead AB42
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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
£721
Based on a loan of £150,000 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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