2 bedroom flat for sale
Key information
Property description & features
Large 2 bedroom duplex property is certain to appeal to investors as it offers the opportunity to add value through modernisation and refurbishment as well as potential for an excellent rental yield and even the possibility of reconfiguration to create an additional property- subject to planning of course.
Large, 2 Bedroom, duplex property set in the popular costal town of Banff, Aberdeenshire offering potentially excellent rental yield and outstanding return on investment.
The property has been vacant for an extended period and will require a degree of upgrading prior to habitation but this property offers an outstanding investment opportunity with a realistic rental income of £400pcm (£4,800 per year) easily attainable.
The property is extremely large and may offer potential for re-configuration to create 2 individual properties (subject to necessary consents) potentially commanding an increased rental income of up to £350 per month, per property (£8,400 per year) in excellent rental spot close to the well-equipped town centre.
This property is certain to appeal to investors as it offers potential to add significant value as well as offering a potentially excellent yield.
The large flat enjoys an excellent position within the former Royal Borough giving easy access to Banff Primary School and Banff Academy as well as the Royal Golf Club and Chalmers Hospital.
Banff is well-known for it's famous beach and harbour with the historic Banff Castle located in the centre of the town.
Banff is well-located for access to Aberdeen, Peterhead, Fraserburgh, Elgin and Inverness.
Speak to Braveheart Auctions about our reduced buyers fee on this lot.
The popular town of Banff Banff is situated on the Moray Firth coast at the mouth of the River Deveron and is renowned for its historic buildings and tourist interest. Lying approximately 45 miles from Aberdeen, Banff has a good range of shops and other local services. Recreational facilities such as golf, fishing, bowling, swimming, sailing and other water sports are all within easy reach.
Sold Prices-
6 Strait Path, Banff, £168,000- Dec 2022
1A Strait Path, Banff, 2 Bed, £45,000- Mar 2022
Note to buyer. 3 Strait Path, Banff will be sold under auction terms and conditions and purchase will be on an unconditional basis. The auction will take place online. Please ensure all research has been carried out prior to bidding including examination of legal documents and any queries in relation to planning.
Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be payable upon acceptance of an offer with the remainder to paid through licenced conveyancer.
Seller has indicated that pre-auction offers will be considered for this investment property.
Speak to Braveheart Auctions about submitting an offer now.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 41FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions - Elgin.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.