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Craig Place, Aberdeen AB11 1 bed ground floor flat for sale
8A, Craig Place, Aberdeen, AB119AH
£30,000
8A, Craig Place, Aberdeen, AB119AH
£30,000
Our Summary
- Some minor upgrading required prior
- Some internal upgrading required
- AUCTION DATE: 07 August 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 requires some minor upgrading but has potential for a rental income of £500 per month (£6,000 per annum) and 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, comparable sales in the area include a 1-bedroom flat on Victoria Road that sold for £48,000 in 2024, a 1-bedroom flat on Abbey Place currently marketed at £49,995, and a 1-bedroom flat on Menzies Road that sold for £35,000 in 2024.