Features
- Buy-to-let Investment
- Tenanted & fully compliant
- 2 Bedrooms
- Home Report £90,000
- Current Rental £659.74pm
- Current yield 9.3%
- EPC Rating B
- 54 sq m
Description
Tenanted 2 bed buy-to-let investment in a highly convenient city-centre location in Aberdeen. This well-proportioned second-floor flat offers two-bedroom accommodation, private parking and an established tenancy, making it an attractive addition to a property portfolio. Built circa 1996, the property extends to approximately 54 sq m and comprises an entrance hallway with storage cupboard, spacious living room, fitted kitchen, two double bedrooms and a bathroom. The property benefits from double-glazed timber casement windows, a gas-fired Glow-worm combination boiler (installed August 2023), security door entry, landscaped communal grounds and an allocated private parking space. The property has an EPC Rating of Band B and the Home Report value is £90,000. The factoring charge is approximately £628 per annum.
The property is being sold with the tenants in situ as a buy-to-let investment. The tenants have been resident since 2019 and currently pay £649.74 per calendar month, providing an established rental income from completion. The current market rental is approximately £675 per month, offering potential for rental growth.
Aberdeen remains an attractive market for buy-to-let investors, offering a combination of relatively affordable property prices, established rental demand and strong employment fundamentals. The city is a major regional centre for the energy sector while increasingly diversifying into renewable energy, technology, life sciences and other professional services, supporting demand for quality rental accommodation. Strawberry Bank Parade is particularly well placed for investment, being within easy walking distance of Union Street, Aberdeen railway station, the city's shops, restaurants, universities and major employment locations. The city-centre location is especially appealing to professionals and tenants looking for convenient access to amenities and public transport. For investors, the combination of a long-standing tenant, strong EPC rating, private parking and central location, together with potential to increase the rent towards the current market level, makes 78 Strawberry Bank Parade an attractive opportunity for an income-focused buy-to-let investor.