Contact information for Scotland’s leading national law firm, solicitor estate and letting agent. Aberdein Considine, 40 - 42 Queen Street, Peterhead.
40 & 42 Queen Street
DX: DX 521370 PETERHEAD
Viewings and valuations are available outwith these hours.
We are proud to offer clients the support of some of Aberdeenshire’s most experienced property professionals from our estate agency and lettings office in Peterhead. We also offer our full range of legal and independent financial services from the site.
Now that we are midway through the year, valuations and properties coming to the market are more on a par with 2017. Normally during school holiday time, activity does quieten down and this year has been no exception. Despite this, viewings remain buoyant and offers continue to come in although sales are slightly slower this year.
It remains a buyers’ market with many second hand properties on the market. There are also five builders in town selling brand new properties, some offering exceptional deals to purchasers, which creates substantial competition for the second hand market. As we move through the summer months, there is likely to be increased activity and the newer properties coming to market, if competitively priced and in ready to move into condition, should sell reasonably quickly.
The best sellers are still two and three bed ex local authority houses within the £100,000 to £120,000 price range, with quality family properties up to £200,000 also proving attractive, if competitively priced and ready to move into. Many higher priced homes remain harder to sell with fewer buyers for these type of properties, however, high end properties on the new housing developments turn around fairly quickly.
Lower end properties, especially those requiring work to be done to them, are proving the most difficult to sell. There are a lot of one and two bed flats around town especially and for anyone looking for an investment, this is definitely the time to pick up a bargain.
Despite the fact it remains a buyer’s market, anyone selling and buying on may be able to accept less on their sale if they can negotiate a good deal on their purchase. We would expect the market to remain the same over the next few months. There are still great mortgage deals still available. With such a range of properties available on the market, there has never been a better time to buy.
Heading into Spring, we saw an increase in lease valuations, however we’ve seen a slowdown in the last month or two. However, new properties coming to the market for lease, as well as properties becoming available for lease again, generally turn around quite quickly indicating that the lease market is still buoyant in the area.
Rental prices continue to be considerably lower in the far North East but generally those tenants applying are locally based. Rental properties in Peterhead town tend to be smaller in size and receive more interest.
The demand for smaller properties in the local area has been relatively busy with one and two bedroom furnished flats and houses being let in the region of £350pm to £600pm.
The larger and more rural properties in the Peterhead area can be more challenging. However, any which have come to market have turned around well in the last few months.
We continue to be optimistic that if properties coming onto the letting market in Peterhead are well-presented, and rental prices are kept to a reasonable level, they will let quickly. The introduction of new legislation at the end of last year in respect of Private Residential Tenancies has had a slight impact with some landlords offloading their properties for sale. However, this can only be seen as a positive for the remaining lease properties coming to the market as with less choice, they will lease out quicker.
Boddam is a coastal fishing village on the A90 approximately 28 miles north of Aberdeen which is ideal for commuting to the city, the airport and nearby towns such as Ellon. The village has a range of amenities including a shop, restaurants, a post office and a primary school. There is also access to the new Buchan Braes Business Centre which has a dentist, beautician, nursery, kids soft play, gym and much more. There are also two hotels. Secondary schooling is in nearby Peterhead along with a range of shops, supermarkets and leisure facilities. It has a harbour which is used for small craft and the famous lighthouse although the lighthouse keeper’s cottages are now used for holidays.
Mintlaw is a charming village on the A952 approximately 28 miles north of Aberdeen and is a busy central hub, ideal for commuting to the city, the airport and nearby towns such as Peterhead, Fraserburgh and Ellon. There are good bus routes to all surrounding areas as well as Aberdeen and there is also a Park & Ride facility at Ellon which a lot of commuters regularly use to travel to the city. There is superb countryside, woodland walks and an abundance of wildlife nearby as well as the popular Aden Country Park. Extensive amenities include a good range of shops, a garden centre and cafe, takeaways, pubs, hotels with restaurants, library, primary and secondary schooling, a health centre, dentist, bowling club and the recently opened community centre offers activities for children. This is popular and busy village in central Buchan and is popular with young and old alike.
Only a short drive from Peterhead and Mintlaw, Longside is a popular village with a good sense of community. There are two shops, a 19 hole golf course, golf and football ocial clubs, a tennis club, two churches, two garages, a hairdresser and a superb state-of the art primary school with senior schooling at nearby Mintlaw. it is well within commuting distance of Aberdeen and the Airport at Dyce and many commuters use the Park & Ride facility at Ellon.
St Fergus is a quiet village about 4.5 miles north of Peterhead. It has a range of amenities including a primary school , car sales and a lounge bar. There is a sheltered housing development and the village is in two parts, St Fergus itself and the Kirktown area. There is a mix of housing and there is a bus route from Peterhead to Fraserburgh. Peterhead is only a short drive away which has a much wider range of amenities such as supermarkets, a community centre, secondary school and a range of shops. Scotstown beach is a short distance away which provides great seaside walks.
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Thank you to everyone at Aberdein Considine for making the selling and buying of our house so easy.
M. Stuart, sale and purchase client
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