Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 1 Bedroom
- Home Report £65,000
- Current rental £450pm
- Potential rental £475pm
- 50 sq m
- EPC Rating: C
- Current Yield 9%
- Unfurnished Let
- No Buyer Fees
Description
Tenanted 1 bedroom property in Aberdeen city centre. This buy-to-let investment property is located on the first floor of a traditional Aberdeen tenement. The accommodation comprises an entrance hallway, living room, dining kitchen, double bedroom, and bathroom with w.c. The property benefits from having gas central heating, double glazing and being fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since March 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £5,400 which represents an immediate yield of 9% and a potential yield at current market rental rates of 9.5%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £65K.
Aberdeen is a city in North East Scotland, and is the third most populous Scottish city with a population of circa 200,000. Urquhart Street provides easy access to the city centre, Aberdeen University, and Aberdeen Royal Infirmary.