1 bedroom flat for sale

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1 bedroom flat for sale

Victoria Road, Aberdeen, AB11 9NE
£38,500

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 close to Aberdeen City Centre. The property is currently tenanted and generates £500 per month (£6,000 per year) in rent, offering an excellent return on investment and immediate income. The property is in good condition, with gas central heating, double glazing, and secure entry, and is situated in a thriving community with easy access to the city centre, university, and hospital. The rent is considered low for the area, with potential to increase to £600 per month (£7,200 per year) or more, making it an attractive investment opportunity. The property is being sold under auction terms and conditions, with the seller open to considering pre-auction offers.