Craig Place, Aberdeen AB11 1 bed ground floor flat for sale

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Craig Place, Aberdeen AB11 1 bed ground floor flat for sale

Craig Place, Aberdeen AB11
£27,000

Our Summary

  • Some minor upgrading required prior
  • Some internal upgrading required
  • AUCTION DATE: 10 July 2025

Description

This ground floor flat in a tenement building is an ideal investment opportunity for a landlord, located close to the City Centre with high tenant demand from nearby university, businesses, and hospital. The property requires some minor upgrading but has potential to generate a rental income of £500 per month (£6,000 per annum) and offers a fantastic rental yield of 25% at the opening bid price. The property features electric heating, part double glazing, secure entry, and well-maintained communal spaces. With an EPC rating of E, the property is comparable to similar sales in the area, including a 1-bedroom flat on Victoria Road that sold for £48,000 in 2024 and a 1-bedroom flat on Walker Place that sold for £60,000 in 2023.