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Two-bedroom flat in central Aberdeen location
Aberdeen, AB11 - Get Access
2 bed
1 bath
Description
This tenanted two-bedroom flat is located minutes from the university in a popular central location in Aberdeen. The property comprises a spacious layout featuring a large living room and kitchen, providing fantastic socialising space. Completing the accommodation is a large double bedroom and a well-equipped bathroom. The property benefits from double glazing and gas central heating, which enhances energy efficiency and helps future-proof against incoming EPC legislation. The property is currently let at £650 per month but could achieve £750 to £800 per month in rent, presenting an exceptional buy-to-let investment opportunity. This income potential equates to an annual revenue of £9,000 to £9,600, delivering an impressive gross yield of 7.8% to 8.3% based on the guide price of £115,000. Finished to a high standard, the property offers a turnkey investment opportunity. Similar properties in the area have achieved strong sales evidence, with number 2 Cherrybank Gardens selling for £171,750 in April 2016 and number 3 selling for £165,000 in November 2022. Nestled within the heart of Aberdeen, Cherrybank Gardens is a serene oasis featuring natural beauty, a tranquil ambiance, and wrought-iron entrance gates. Aberdeen, known as the Granite City due to its stunning gray stone architecture, is located along the rugged northeast coast of Scotland. The city combines tradition with modernity, offering a rich tapestry of history, culture, and architecture ranging from centuries-old cathedrals to granite buildings. The bustling streets feature a vibrant mix of cobblestone alleys, boutique shops, traditional pubs, and contemporary cafes.
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Estimated market value
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Range:
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High confidence
Floor Area Estimated: 700 sq ft
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