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One-bedroom tenanted flat in prime location

Aberdeen, AB25 - Get Access

1 bed 1 bath

Description

An excellent tenanted one-bedroom flat situated within a prime location in Aberdeen. The property comprises an entrance hallway, spacious living room, shower room, kitchen, and a large double bedroom with ample storage space throughout. The property benefits from gas central heating and is excellently presented. Currently achieving £550 per month in rent, providing an annual income of £6,600 per annum, representing an 11% yield if achieved at guide price. The property could potentially demand a rental between £625 and £650 per month (£7,500 to £7,800 per annum), generating a gross yield of 12.5% to 13%. This turnkey investment opportunity is sure to appeal to shrewd investors looking for an easily lettable property in an excellent location with strong capital growth potential and high local demand. Located near a wealth of local amenities and transport links, the property is just a short seven-minute drive away from the University of Aberdeen. Aberdeen, known as the Granite City, is a thriving hub for property investment due to its strong economy driven by the oil and gas and renewable energy industries. The city offers a stable rental market with a large student population and transient workforce, making it attractive for residential and holiday let investments.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 520 sq ft

This one-bedroom traditional flat located on Esslemont Avenue in Aberdeen was valued by examining direct sales evidence from the exact same building and immediate street. The property is in good condition with a modern kitchen and shower room, requiring no immediate refurbishment. Floor area was assessed at 520 sq ft based on estimated internal measurements.

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