1 bedroom flat

• Prime New Listing. Great Sized 1 bedroom flat located in a popular Buy to let location of Aberdeen. * Home Report Valuation £35,000 *
• * 38e, Merkland Road East, Aberdeen, Abn AB24 5PT sold for £63,000 August 2024, 40b, Merkland Road East, Aberdeen AB24 5PT previously sold for £90,000 *
• Property is sure to appeal to investor/ landlord looking for a fantastic investment. Perfect property to implement the BRRR Strategy.
• Once property is renovated it would achieve a monthly rental of £550 - £625. This would provide a gross annual income of £6,600 - £7,500.
• Property is being offered at a discount to ensure Auction sale - Local sales evidence shows that there is great capital growth potential.

 

Prime New Listing. Great Sized 1 bedroom flat located in a popular Buy to let location of Aberdeen. * Home Report Valuation £35,000 * Property comprises : Entrance hall, lounge,  kitchen , Bedroom with ample storage and bathroom.

The property is set in a mixed use area of part residential and part commercial premises. Conveniently located for most amenities and a reasonable travelling distance from Aberdeen city centre.

Property is sure to appeal to investor/ landlord looking for a fantastic investment. Perfect property to implement the BRRR Strategy.

Local Sales:

* 38e, Merkland Road East, Aberdeen, Abn AB24 5PT sold for £63,000 August 2024, 40b, Merkland Road East, Aberdeen AB24 5PT previously sold for £90,000 *

 

Once property is renovated it would achieve a monthly rental of £550 - £625. This would provide a gross annual income of £6,600 - £7,500.

 

Property is being offered at a discount to ensure Auction sale - Local sales evidence shows that there is great capital growth potential.

Excellent BRRR Opportunity. Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local areas seen some great sales recently showing that there is strong demand.

Property has a Guide price of £25,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.

Potentially high yielding investment property.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

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. For further details on how to have a bidding account created please contact the team.

 

Location:

Aberdeen is a port city in the northeast of Scotland, known for its historic significance and vibrant cultural scene. It is often called the "Granite City" due to the widespread use of grey granite in its architecture. Aberdeen has a rich maritime history and is a major hub for the oil and gas industry, contributing significantly to the region's economy. The city is home to several universities, including the University of Aberdeen, and features landmarks such as Marischal College, one of the largest granite buildings in the world. The surrounding region offers picturesque landscapes, including coastal areas and countryside. Aberdeen is also known for its festivals, events, and diverse range of restaurants, making it a notable destination for both residents and visitors.