>
Esslemont Avenue, Aberdeen AB25 1 bed flat for sale
Esslemont Avenue, Aberdeen AB25
£39,000
Esslemont Avenue, Aberdeen AB25
£39,000
Our Summary
- Sure to appeal to shrewd investors looking for an easily lettable, turnkey investment opportunity in an excellent location
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This prime new listing is a tenanted 1-bedroom flat situated in a prime location in Aberdeen, offering an excellent 11% yield if achieved for the guide price. The property is currently rented out for £550 per month, providing an annual income of £6,600. With a Home Report valuation of £75,000, the property could demand a higher rental income between £625-£650 per month, generating a gross yield of 12.5-13%. The property is located near local amenities and transport links, and is just a short drive away from the University of Aberdeen. The area has seen strong sales evidence, with similar properties selling for £116,505, £105,027, and £96,000 in recent months. This is an excellent opportunity for shrewd investors looking for a turnkey investment with good capital growth potential.