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Longhaven, Peterhead AB42

Scotland

£200,000
Listed on 24/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
4090 sqft

Description

This unique property presents a significant renovation opportunity on the stunning Buchan Coast in Aberdeenshire. Formerly known as Longhaven Castle, this red granite structure was originally built as a school and is now set for redevelopment into a spacious six-bedroom family home with an additional self-contained granny flat, fully backed by planning permission (Planning Reference: App/2025/0190). With an expansive plot of 1,800 m² (0.44 acres) enclosed by traditional granite stone walls, the site offers both privacy and historical character, nestled close to the breathtaking coastal views of Longhaven Cliffs Nature Reserve. The property consists of three connected elements: the primary one-storey-and-attic schoolhouse fashioned from distinctive red granite, an added single-storey building that harmonizes architecturally with the original structure, and a later extension providing further versatility for your renovation vision. Internally, the space features various finishes including timber flooring along with carpet and vinyl options, necessitating modernization throughout. Externally, there is ample parking and mature gardens at the rear that present opportunities for landscaping or creating inviting outdoor spaces. Located conveniently near transport links on the A90 while still maintaining a serene rural charm, this property balances easy accessibility to local amenities in nearby Peterhead and Aberdeen with a tranquil village lifestyle. For buyers seeking a project infused with potential — whether as a main residence or investment holiday home — Longhaven Castle embodies both historic character and opportunity for transformative renovation in an exquisite setting.

Investment Analysis

(AB42 area)

Below Market Value

This property is priced -63.4% below area average per sq ft

-63.4%
Potential saving
This Property
£49/sq ft
Area Average
£134/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£601,741
10% above area average per sq ft
Potential ROI
+33.7%
After renovation
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
91%
Properties sold annually

Local Market Trend (AB42)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -2.4%
5 year growth: -1.3%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£708
Based on a loan of £150,000 over 30 years at 3.91% 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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