2 Bed Flat, Single Let, Aberdeen, AB15 9SQ, £172,000

Kirk Brae, Aberdeen, Aberdeenshire, AB15 9SQ - 4 views - a year ago

BTL
~68 m²
+24 photos

ValuationOvervalued

Sold Prices£60K - £200K

 

 

Square Metres

~68.11 m²

Value Estimate

£160,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,000

Stamp Duty & Legal Fees

£6,360

Total Cash In

£49,360

 

 

Cash Out

 

Rent Range

£595 - £2,200

Rent Estimate

£610

Running Costs/mo

£680

Cashflow/mo

£-69

Cashflow/yr

£-834

Gross Yield

4%

Local Sold Prices

36 sold prices from £60K to £200K, average is £130K.

PriceDateDistanceAddressBeds 
£190.3K08/240.13 mi5, Denhead, Cults, Aberdeen, Abn AB15 9QT2
£142.5K04/240.15 miThe Rowans, Flat 8, North Deeside Road, Cults, Aberdeen, Aberdeenshire AB15 9ST2
£158K04/240.34 mi22, Friarsfield Avenue, Cults, Aberdeen, Aberdeenshire AB15 9PZ2
£140K06/240.63 mi4, Cairn Park, Cults, Aberdeen, Aberdeenshire AB15 9TG2
£73K08/241.25 mi111, Morrison Drive, Aberdeen, Abn AB10 7HB2
£110K08/241.69 mi16, Auchinyell Gardens, Aberdeen, Abn AB10 7DS2
£150K08/241.88 mi1b, Anderson Drive, Aberdeen, Abn AB15 4ST2
£165K08/241.88 mi3c, Anderson Drive, Aberdeen, Abn AB15 4ST2
£109K04/242.04 mi14d, Denwood, Aberdeen, Aberdeenshire AB15 6JF2
£155K06/242.13 mi22b, Ruthrieston Road, Aberdeen, Aberdeenshire AB10 7JR2
£68K04/242.14 mi6, Rousay Place, Aberdeen, Aberdeenshire AB15 6HG2
£200K04/242.25 mi11, Salisbury Terrace, Aberdeen, Aberdeenshire AB10 6QG2
£130K08/242.29 mi563m, Holburn Street, Aberdeen, Abn AB10 7LH2
£130K05/242.29 mi323, Great Western Road, Aberdeen, Aberdeenshire AB10 6PP2
£123.2K02/242.35 mi15, Pitstruan Place, Aberdeen, Aberdeenshire AB10 6PQ2
£184.7K05/242.35 mi51, Abergeldie Road, Aberdeen, Aberdeenshire AB10 6ED2
£147K04/242.55 mi124g, Great Western Road, Aberdeen, Aberdeenshire AB10 6QE2
£167K08/242.55 mi130h, Great Western Road, Aberdeen, Abn AB10 6QE2
£103K08/242.55 mi44, Holburn Road, Aberdeen, Abn AB10 6ET2
£145K08/242.56 mi37, Holburn Road, Aberdeen, Abn AB10 6EY2
£105K02/242.56 mi45, Holburn Road, Aberdeen, Aberdeenshire AB10 6EY2
£200K05/242.56 mi22, Broomhill Road, Aberdeen, Aberdeenshire AB10 6HS2
£75K02/242.58 mi42, Taransay Crescent, Aberdeen, Aberdeenshire AB16 6UG2
£60K04/242.59 mi164, Union Grove, Aberdeen, Aberdeenshire AB10 6SR2
£105K06/242.63 mi35, Bloomfield Court, Aberdeen, Aberdeenshire AB10 6DS2
£150K06/242.63 mi8, Blenheim Place, Aberdeen, Aberdeenshire AB25 2DY2
£69K05/242.64 mi271, Holburn Street, Aberdeen, Aberdeenshire AB10 7FL2
£116K06/242.68 mi103, Union Grove, Aberdeen, Aberdeenshire AB10 6SL2
£130K05/242.81 mi139, Fonthill Avenue, Aberdeen, Aberdeenshire AB11 6TG2
£96.5K05/242.88 mi16, Rosebank Place, Aberdeen, Aberdeenshire AB11 6XP2
£95K08/242.9 mi56 Glendale Mews, Union Glen, Aberdeen, Abn AB11 6FP2
£160K06/242.92 mi10, Whinhill Gate, Aberdeen, Aberdeenshire AB11 7WG2
£160K06/242.93 miAlbert Den, Flat 27, Albert Lane, Aberdeen, Aberdeenshire AB25 1SY2
£112K08/242.94 mi37, Victoria Street, Aberdeen, Abn AB10 1UU2
£110K08/242.96 mi30d, Wallfield Crescent, Aberdeen, Abn AB25 2JX2
£115K06/242.98 mi40, Strawberry Bank Parade, Aberdeen, Aberdeenshire AB11 6UT2

Local Rents

17 rents from £595/mo to £2.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£90012/240.13 miDenhead, First Floor, Cults, AB152
£65012/240.19 miCults, Aberdeen, AB152
£65003/240.19 mi-2
£65003/240.19 mi-2
£1,30002/240.31 mi-2
£1,30001/250.31 mi-2
£59512/240.41 miCraigbank Drive, Aberdeen, AB152
£59503/240.41 mi-2
£2,20012/240.42 miWellwood Mansions, Cults,2
£62510/230.93 mi-2
£75004/241.06 miMorrison Drive, Aberdeen2
£69512/241.09 mi-2
£1,11012/241.1 miCountesswells Terrace, Aberdeen, AB152
£75012/241.12 mi-2
£62504/241.12 miMorrison Drive, Garthdee, Aberdeen, AB102
£80003/241.18 miMorrison Drive, Garthdee, Aberdeen, AB102
£89504/241.22 miInchbrae Terrace, Garthdee, Aberdeen, AB102

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

-10%

Property History

Price changed to £172,000

December 3, 2024

Price changed to £175,000

November 27, 2024

Price changed to £181,000

November 18, 2024

Price changed to £184,000

November 11, 2024

Price changed to £187,000

November 8, 2024

Price changed to £181,000

October 1, 2024

Price changed to £184,000

September 24, 2024

Price changed to £187,000

September 11, 2024

Price changed to £190,000

September 9, 2024

Listed for £172,000

February 7, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenants Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • 2 Bedrooms +
  • Lounge and Kitchen +
  • Three Piece Bathroom and WC +
  • Double Glazed Windows +
  • Garden Grounds +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Aberdeen. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen, three piece bathroom with wc, double glazed windows, and garden grounds.

Investment details

It currently produces an annual gross income of £10,200 which could be increased by the new owner to a market rate of £13,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪