Dee Place, Aberdeen AB11 1 bed flat for sale

>

Dee Place, Aberdeen AB11 1 bed flat for sale

Dee Place, Aberdeen AB11
£30,000

Our Summary

  • IDEAL FOR DEVELOPER one bedroom room and kitchen style ground floor TENEMENT flat located close to Aberdeen city centre - ideal for Local rental market post renovation works
  • Would suit investor landlord or developer
  • Rental yield at asking price would be circa 20% - fantastic potential income based on outlay
  • AUCTION DATE: 20 March 2025

Description

This one-bedroom ground floor tenement flat is located close to Aberdeen city centre and is ideal for a developer, investor, or landlord. The property needs renovation works, but once completed, it has the potential to generate a high rental yield of around 20%. With its proximity to the city centre, university, and hospital, the property is likely to attract high-demand tenants. The flat features a reception hall, lounge/bedroom, separate kitchen, and shower room with w/c and sauna. With its potential rental income of £500 per month (£6,000 per annum), this property offers a fantastic investment opportunity. The nearby businesses and amenities also make it an attractive option for professional tenants. Comparable sales in the area have seen similar properties selling for £45,000 to £105,000, making this property a great opportunity for those looking to invest in the local rental market.