6 Bed Terraced House, Potential PLO/LOA, Aberdeen, AB11 6LR, £245,000

47 Springbank Terrace, Aberdeen, AB11 6LR - 10 views - 6 months ago

Auction
Negative Equity
~186 m²
+25 photos

ValuationUndervalued

Sold Prices£315K - £660K

 

 

Square Metres

~186 m²

Value Estimate

£315,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£9,500

Total Cash In

£70,750

 

 

Cash Out

 

Rent Range

£650 - £3,978

Rent Estimate

£663

Running Costs/mo

£918

Cashflow/mo

£-255

Cashflow/yr

£-3,063

Gross Yield

3%

Local Sold Prices

8 sold prices from £315K to £660K, average is £340K.

PriceDateDistanceAddressBeds 
£340K02/240.23 mi36, Bon Accord Terrace, Aberdeen, Aberdeenshire AB11 6DU4
£340K06/240.87 mi54, Ashley Gardens, Aberdeen, Aberdeenshire AB10 6RQ4
£660K05/241.52 mi25, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£545K06/241.52 mi18, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£345K05/241.68 mi54, Gordon Road, Aberdeen, Aberdeenshire AB15 7RL4
£320K05/241.84 mi90, Cairncry Road, Aberdeen, Aberdeenshire AB16 5LE4
£315K02/242.07 mi15, Airyhall Road, Aberdeen, Aberdeenshire AB15 7TQ4
£330K06/242.56 mi4, Woodlands Walk, Cults, Aberdeen, Aberdeenshire AB15 9DW4

Local Rents

51 rents from £650/mo to £4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.07 mi-4
£1,25003/250.09 mi-4
£1,18512/240.09 miCrown Street, City Centre, Aberdeen, AB113
£1,20012/240.18 miUnion Glen, Aberdeen3
£1,05012/240.21 miWillowbank Road Flat D, Aberdeen3
£1,95005/240.22 mi-3
£1,95012/240.22 mi-3
£2,00012/240.22 miDee Street, Aberdeen, AB113
£1,27012/240.22 miFerryhill Road, Ferryhill, City Centre, Aberdeen, AB113
£1,20005/240.23 mi-3
£89004/240.26 mi-3
£82012/240.26 mi-3
£1,25012/240.27 mi-4
£1,20002/240.27 mi-4
£1,20002/240.27 mi-4
£1,20002/240.27 mi-4
£1,19512/240.28 mi-3
£1,20012/240.3 miSouth College Street, Aberdeen, AB113
£2,29501/250.39 mi-4
£2,29512/240.39 mi-4
£1,20012/240.4 mi-3
£1,25002/250.4 mi-3
£1,10012/240.4 mi-3
£1,08302/250.41 mi-10
£2,50012/240.41 mi-5
£1,40004/240.44 miNorth Silver Street, Aberdeen, AB104
£66303/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£3,97803/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£66303/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£3,97803/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£66303/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£3,97803/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£3,97803/240.47 miThe Point, Schoolhill, Aberdeen, AB106
£66303/240.47 miThe Point, Aberdeen, AB106
£66303/240.47 miThe Point, Aberdeen, AB106
£3,97803/240.47 miThe Point, Aberdeen, AB106
£66303/240.47 miThe Point, Aberdeen, AB106
£3,97803/240.47 miThe Point, Aberdeen, AB106
£3,97803/240.47 miThe Point, Aberdeen, AB106
£66303/240.47 miThe Point, Aberdeen, AB106
£3,97803/240.47 miThe Point, Aberdeen, AB106
£66303/240.47 miThe Point, Aberdeen, AB106
£66304/240.47 miThe Point, Aberdeen, AB106
£3,97804/240.47 miSchoolhill, Aberdeen, Aberdeenshire, AB106
£66304/240.47 miThe Point, Aberdeen, AB106
£3,97804/240.47 miThe Point, Aberdeen, AB106
£1,60012/240.48 mi-4
£1,45012/240.5 mi-4
£75012/240.5 mi-3
£65003/250.54 mi-3
£80001/250.54 mi-3

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

-44%

Sales demand

Seller's market

Capital growth (5yrs)

-16%

Property History

Price changed to £245,000

April 1, 2025

Price changed to £250,000

January 15, 2025

Listed for £260,000

-19%

October 7, 2024

Sold for £310,000

2007

Floor Plans

Description

  • Prime Property Auctions is excited to present this stunning guesthouse building, operating as HMO, boasting 6 bedrooms, set within the beautiful location of Aberdeen Guide Price of £260,000 +

  • Springbank Terrace, Aberdeen, AB11 6JZ previously sold £395,000, Springbank Terrace, Aberdeen, AB11 sold for £360,000 +

  • Rental potentially could achieve £2000- £2,500 PCM/ 24,000- £30,000 PA which provides an annual yield of 9.23- 11.5% based on a guide price of £260,000. +

  • Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units. +

  • Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale! +

  • Prime Property Auctions is excited to present this stunning guesthouse building, operating as HMO, boasting 6 bedrooms, set within the beautiful location of Aberdeen *Guide Price of £260,000*

 

  • *Springbank Terrace, Aberdeen, AB11 6JZ  previously sold £395,000, Springbank Terrace, Aberdeen, AB11 sold for £360,000*

 

  • Rental potentially could achieve £2000- £2,500 PCM/ 24,000- £30,000 PA which provides an annual yield of 9.23- 11.5% based on a guide price of £260,000.

 

  • Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units.

 

  • Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!

 

Prime Property Auctions is excited to present this stunning building, boasting 6 bedrooms, set within the beautiful location of Aberdeen *Guide Price of £260,000*

 

Property Comprises: 

 

Lower Ground Floor: Fully fitted kitchen, two double bedrooms (one with a washbasin), single bedroom, shower room, utility room, and dining room.

Ground Floor: Large lounge, double bedroom with en-suite.

Lower Mezzanine: Cloakroom.  

Upper Floor: Two double bedrooms, cloakroom, and separate shower room.  

Outside: Enclosed rear garden, parking for 4 cars, outhouse, and garage.

 

Sales Evidence: 

 

*Springbank Terrace, Aberdeen, AB11 6JZ  previously sold £395,000, Springbank Terrace, Aberdeen, AB11 sold for £360,000*

 

Rental potentially could achieve £2000- £2,500 PCM/ 24,000- £30,000 PA which provides an annual yield of 9.23- 11.5% based on a guide price of £260,000.

 

Property is being offered at a substantial discount. (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple serviced accommodation units or back into residential unit with End Market Value of upwards £380,000.

 

Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale!

 

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, often called the Granite City, is a bustling coastal city in northeast Scotland, known for its striking grey-stone architecture and vibrant urban life. The city offers a rich blend of history and modernity, with landmarks like Marischal College and the beautiful Aberdeen Beach standing alongside contemporary shopping centres, restaurants, and a thriving arts scene. As a major hub for the energy industry, Aberdeen has a cosmopolitan vibe, yet retains its Scottish charm with welcoming locals and cultural festivals. Surrounded by picturesque landscapes, including the nearby Cairngorms National Park, Aberdeen is a perfect blend of city sophistication and natural beauty.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

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