Initial price	£30,000
15/08/24	£25,000
04/10/24	£22,000
Price Change	-26.67%

Prime Property Auctions presents a fantastic refurbishment opportunity in the heart of Peterhead, with a guide price of £22,000. The property, located on St. Peter Street, previously sold for £72,500 in 2020 and £52,000 in 2024, offering a rare chance for a shrewd builder/investor or owner occupier to put their own stamp on the property. The property requires renovation, but its prime location, near local amenities and public transport, makes it an attractive investment opportunity. With the potential to generate £500-£650 in rental income, this property could provide a gross yield of 27-35%, making it an excellent BRRR (Buy, Renovate, Rent, Refinance) opportunity. The property is being sold at a discount to ensure a fast sale, and with similar properties selling for higher prices in the area, this is a great chance to secure a high-yielding investment.