One bedroom second floor flat close to city centre

EXCELLENT INVESTMENT OPPORTUNITY**One bedroom second floor flat located close to the city centre. Potential rental £500pcm post renovation. The property comprises a lounge, kitchen, one bedroom, and a bathroom. It benefits from a gas heating system, double glazing, and a communal area to the rear. A degree of upgrade and repair is required. Once fully renovated, the realistic rental potential is around £500pcm (£6000 Per Annum) in this high demand rental location. Situated in the Torry area of the city, close to the docks and the centre. Comparable sales include a 1-bed tenement flat on Victoria Road sold in 2020 for £37,000, a 1-bed tenement flat on Menzies Road sold in 2022 for £35,250, a 1-bed flat on Victoria Road sold in 2024 for £26,240, and a 1-bed flat on Walker Road sold in 2024 for £45,000. This is a perfect, low-cost addition to any investment portfolio, offering a good rental return once renovated in an extremely high demand location, certain to appeal to multiple investors. The RICS Home Report value is £45,000 as of January 2026. Aberdeen is located approximately 125 miles north of Edinburgh and 145 miles north-east of Glasgow, with excellent road communications via the A90 and A96 linking to Dundee and Inverness. The area around Torry is popular with young professionals and students, offering a wide selection of local amenities including supermarkets, independent shops, restaurants, and schools. The location also features several parks and green spaces and is a short distance from Union Street. The housing in this area predominantly consists of Victorian granite tenement blocks, alongside modern apartment complexes and new developments. Aberdeen City & Shire is Scotland's third-largest city region, with almost 0.5 million inhabitants, 230,000 of whom live in Aberdeen itself. Aberdeen is recognised as one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities, boasting innovative industries, excellent academic and research capabilities, and a highly skilled workforce.