Serving the town of Peterhead in Aberdeenshire is our Queen Street branch which is managed by Branch Manager, Sheila Cumming. Services offered at this branch include lettings, estate agency, financial advice and our full range of legal services.
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.
As we entered 2020, we began to hear the first rumblings of the Covid 19 health crisis, and whilst normally we’d be looking forward to a busy Spring, we could never have imagined the curve ball that would be thrown at us.
The market had definitely started to shows signs of greater activity in the first couple of months until it had to virtually close down in March for nearly three months.
However, with the easing of the initial lockdown restrictions the property market opened up again with a bit of a bang, certainly within the market in and around Peterhead.
We certainly could not have foreseen the level of activity that followed, and as we moved into the third quarter it showed little evidence of slowing. We are still seeing high levels of interest and activity at a time when we would historically expect the market to slow down.
The market remains robust, and although the levels of new stock have slowed to some degree, many of the new properties coming to the market have been selling within days.
The most popular areas of the market are still ex local authority two and three beds ranging from around £100,000 to £120,000, closely followed by properties up to around £200,000 to £250,000. If these type of properties are modern and in move in condition, they sell quickly and this is where we are seeing most demand. The LBTT holiday is certainly helping to keep the properties in this price bracket moving.
The government assisted schemes for first time buyers in both the new and second hand markets have certainly been invaluable in keeping activity bubbling, and the restart of 90% mortgage deals should also be a big help.
Covid is still with us and the latest lockdown measures will likely have an impact on the market, however the positive news around new vaccines could well mean we enter 2021 with a renewed sense of optimism.
The lettings market at the start of 2020 had a healthy level of properties coming to the market in Peterhead, generally with a fairly quick turnaround. As always, well-presented modern properties move best and command fair prices. These are the properties that are more liable to retain the tenants.
Demand for properties rose fairly quickly following the easing of lockdown in the summer, and this demand remains high for flats and houses, and properties usually take very little time to lease out.
The new lockdown measures will likely have an impact on the market during the autumn and winter months, but the biggest challenge is getting new properties on the market. Despite the second wave of Covid, current indications suggest that demand for leased properties should continue as there are definitely tenants ready and waiting.
With the positive news around a number of vaccines, and, hopefully a corresponding improvement in the economy not too far away, this could well be a good opportunity for existing landlords looking to expand their portfolio or potential landlords to invest in property.
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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