Peterhead town centre flat.

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• Spread the balance over 10 years. 

• No mortgage required. 

• No interest payable. ​

• 1 bedroom flat. 

• Freehold. 

• Price: £50,000

• Payable over 120 months at £416 per month.

• Currently tenanted at £375 per month. 

• No penalty for paying off the balance early.

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Running the Numbers Example:

Monthly instalment to the seller of £500 minus the current rent of £375 = a current difference of £125 per month.

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If you kept it rented at £375 and never increased the rent during the 120 month term then you would have paid a total of £15,000 (125 x 120 months) to buy the property from the seller. 

This example is based on no void periods and never increasing the rent, obviously you would expect to increase the rent during the term.

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​Location: 

• Convenient location in Peterhead town centre

• ​Close to all of the town centre amenities shops, supermarkets, cafes, bars, restaurants, harbour etc. 

• 20 minutes to Fraserburgh

• 35 minutes to Aberdeen

• 40 minutes to Inverurie.