Flat 9, Fife House, Low Street, Banff, AB45 1AB
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - Guide Price: £25,000 ***HOME REPORT VALUATION £55,000***
- ***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previousl
- For rental purposes, the property is currently tenanted at £375 p/m (£4,500 p/a), which provides an excellent 18% gross yield if achieved for guide price of £25,000. Property could potentially att
- Sure to appeal to shrewd landlords looking for a great readily let investment opportunity in a sought after buy to let location - ***TURNKEY INVESTMENT***
- Property is located within a prime location in Banff with local amenities nearby.
Description
- Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - Guide Price: £25,000 ***HOME REPORT VALUATION £55,000***
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***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previously sold for £260,000***
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For rental purposes, the property is currently tenanted at £375 p/m (£4,500 p/a), which provides an excellent 18% gross yield if achieved for guide price of £25,000. Property could potentially attract a monthly rental figure of £575 - £625 per month. ***FANTASTIC YIELDING INVESTMENT***
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Sure to appeal to shrewd landlords looking for a great readily let investment opportunity in a sought after buy to let location - ***TURNKEY INVESTMENT***
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Property is located within a prime location in Banff with local amenities nearby.
Prime Property Auctions is excited to present an exceptional 2 Bedroom Flat located within a prime location in Banff - ***HOME REPORT VALUE £55,000***
***HUGE 55% DISCOUNT FROM HR IF ACHIEVED FOR GUIDE PRICE OF £25,000***
Property comprises: Entrance Hallway, Lounge and Kitchen, 2 Large Double Bedroom and Bathroom. Property benefits from ample storage throughout, easily accessible on street parking and well kept communal areas.
Property could potentially attract a monthly rental figure of £575 - £625 per month. This would produce a rental income of £6,900 - £7,500 per annum. Property is currently tenanted at £375 per month.
Fantastic high yield potential. Currently producing £4,500 per annum in rental income. Excellent 18% gross yield if achieved for guide price of £25,000.
Sure to appeal to shrewd buy to let investors looking for a great turnkey investment opportunity.
Excellent turn-key investment Opportunity. Sure to appeal to investors looking for a readily let flat in a sought after location with great potential for Capital Growth. The local area has seen some great sales recently showing that there is strong demand.
Sales evidence:
***28, Low Street, Banff, AB45 1AS Previously sold for £130,000. 12, Low Street, Banff, AB45 1AS Previously sold for £195,000. Athole Cottage, Seafield Street, Banff, Banffshire, AB45 1DR Previously sold for £260,000***
Property has a Guide price of £35,000 and is sure to appeal to investors looking for a ready to let property with high yield potential.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Banff, located on the stunning Moray coast of Scotland, is renowned for its picturesque landscapes, historic charm, and vibrant community atmosphere. People are attracted to living in Banff for its idyllic coastal setting, with beautiful beaches, cliffs, and nature reserves offering opportunities for outdoor activities such as hiking, birdwatching, and water sports. The town also boasts a rich cultural heritage, with historic landmarks like Duff House and its quaint, traditional architecture adding to its appeal. Additionally, Banff offers a relatively affordable cost of living compared to larger urban centres, making it an attractive option for families and retirees seeking a peaceful lifestyle. Investors may see potential in Banff due to its growing tourism industry, particularly in eco-tourism and heritage tourism, as well as opportunities in sectors such as hospitality, real estate, and renewable energy, given its coastal location and environmental assets.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Flat 9, Fife House, Low Street, Banff, AB45 1AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Keith Station17.9 miles
About the agent
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 209022161. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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