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Craig Place, Aberdeen AB11 1 bed ground floor flat for sale
Craig Place, Aberdeen AB11
£30,000
Craig Place, Aberdeen AB11
£30,000
Our Summary
- Some minor upgrading required prior
- Some internal upgrading required
- AUCTION DATE: 30 October 2025
Description
This ground floor flat in a tenement building is an ideal investment opportunity for a landlord, with high tenant demand due to its proximity to the city centre, university, businesses, and hospital. The property needs some minor upgrading but has the potential to generate a rental income of £500 per month (£6,000 per annum), resulting in a fantastic rental yield of 25% at the opening bid price. The property features a system of electric heating, part double glazing, secure entry, and well-maintained communal spaces. Located in the Torry area, it's an attractive option for tenants seeking accommodation near the city centre. With an EPC rating of E, comparable sales in the area range from £35,000 to £60,000, making this property a valuable investment opportunity.