1 bedroom flat for sale

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1 bedroom flat for sale

Victoria Road, Aberdeen, AB11 9NE
£40,000

Our Summary

  • The property offers an immediate income as well as potential to increase the rent- £500 per month is low rent for the area
  • Potential for capital growth as well as immediate rental income
  • The property will be sold under auction terms and conditions by Braveheart Auctions
  • The seller has indicated that pre-auction offers will be considered for this property

Description

This income-producing investment property is a 1-bedroom flat located in a popular rental area near Aberdeen City Centre. The property is currently tenanted, with a long-term tenant paying £500 per month (£6,000 per year), providing an excellent return on investment and immediate income. The property offers a Hallway, Lounge, Dining Kitchen, Double Bedroom, and Bathroom, with gas central heating, double glazing, and secure entry. The location is perfect for students and professionals, with easy access to Aberdeen University, Aberdeen Royal Infirmary, and the city centre. The property is priced considerably below the local average, offering potential for capital growth as well as immediate rental income. With a low rent of £500 per month, there is scope to increase the rent to at least £600 per month (£7,200 per year), representing an incredible yield and massive return on investment.