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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

Two Bedroom traditional cottage with private garden. COMPRISES: Two bedrooms, living room, kitchen, shower room, toilet front and rear hall with a generous garden area. Tenanted Investment Property.

The accommodation comprises of entrance hallway, living room, kitchen, two bedrooms and bathroom. Built circa 1900 and altered and extended over subsequent years. Freehold Residential Sale.

Sold complete with cooker, washing machine and fireplace. The property is a purpose built single storey semi detached traditional house. Net Area: Approximately 68 Sq.M. EPC Rating - Band C.

The current rental is £597 with an increase becoming due in three months to £620 per month. Many of the buildings in Aberdeenshire constructed prior to the mid 20th century are constructed of granite.

Property upgraded with a government grant for the insulation and heating, a air source heat pump is installed so is a green energy house. Easy to let property in HIGH DEMAND RENTAL LOCATION.

RICS HOME REPORT VALAUTION £135,000 (March 2025). The property is a purpose built single storey semi detached traditional house. COMPRISES: Two bedrooms, living room, kitchen, shower room, toilet front and rear hall with a generous garden area. The property is situated in an established residential area of Cuminestown, Turriff. Surrounding properties are of a similar age and type. Local amenities, schooling and transport links are available. Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is approximately 6 miles from Turriff and New Deer, 10 miles from Macduff and Banff and 15 miles from Fraserburgh, Sold complete with cooker, washing machine and fireplace. The property is a purpose built single storey semi detached traditional house. Net Area: Approximately 68 Sq.M. Property upgraded with a government grant for the insulation and heating, a air source heat pump is installed so is a green energy house. Easy to let property in HIGH DEMAND RENTAL LOCATION. The current rental is £597 with an increase becoming due in three months to £620 per month offering superb yield of 13% if achieved for guide price. FREEHOLD RESIDENTIAL SALE. LOCAL SALES: 13, High Street, Cuminestown, Turriff, Aberdeenshire, AB53 5YD sold for £155,000 (November 2023). 14, High Street, Cuminestown, Turriff, Aberdeenshire, AB53 5YD sold for £130,000 (November 2021). 31, High Street, Cuminestown, Turriff, AB53 5YD sold for £161,000 (September 2021).

Cuminestown is a village in the Formartine area of Aberdeenshire, approximately six miles east of Turriff. Turriff offers a wide range of shopping, business and leisure facilities, together with primary and secondary schooling. There are two universities and several colleges of further education in Aberdeenshire. There is a mart at Inverurie and the area is well served with local agricultural dealers and contractors. The nearby A947 provides ease of access to Aberdeen and its airport which provides excellent transport links by air to London and other UK and European cities. Work has started on the Aberdeen Western Peripheral Route, a new city bypass which will improve travel in and around Aberdeen, and provide a quicker and more direct route south. There are regular rail services from Aberdeen, including a sleeper. As the acknowledged capital of the North Sea Oil industry, Aberdeen provides all the services expected of a major city including business and leisure facilities, theatres, restaurants and a wide range of shopping.

Full Address: 11 High Street, Cuminestown, AB53 5YD

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £7,164 per year / £597 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: The current rental is £597 with an increase becoming due in three months to £620 per month.

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Pricing Information & Bidding

Opening Bid: £95,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 03 April 2025, 10am-3pm
Type: Timed Online Auction

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