4 Bed HMO, Aberdeen, AB25 3TT, £155,000

Powis Place, Aberdeen, AB25 3TT - 5 views - 6 months ago

Under Offer
HMO
ROI: 4%
~129 m²
+22 photos

ValuationUndervalued

Sold Prices£250.1K - £660K

 

 

Square Metres

~129.26 m²

Value Estimate

£228,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,900

Total Cash In

£45,650

 

 

Cash Out

 

Room Rate

£381

Gross Rent

£1,524

Running Costs/mo

£1,228

Cashflow/mo

£296

Cashflow/yr

£3,551

ROI

8%

Gross Yield

12%

Local Sold Prices

9 sold prices from £250.1K to £660K, average is £340K.

PriceDateDistanceAddressBeds 
£320K05/240.99 mi90, Cairncry Road, Aberdeen, Aberdeenshire AB16 5LE4
£340K02/241.05 mi36, Bon Accord Terrace, Aberdeen, Aberdeenshire AB11 6DU4
£340K06/241.46 mi54, Ashley Gardens, Aberdeen, Aberdeenshire AB10 6RQ4
£660K05/241.88 mi25, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£545K06/241.88 mi18, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£257.5K02/242.25 mi88, Jesmond Road, Bridge Of Don, Aberdeen, Aberdeenshire AB22 8NW4
£345K05/242.31 mi54, Gordon Road, Aberdeen, Aberdeenshire AB15 7RL4
£250.1K08/242.51 mi28, Newburgh Road, Bridge Of Don, Aberdeen, Abn AB22 8SQ4
£315K02/242.68 mi15, Airyhall Road, Aberdeen, Aberdeenshire AB15 7TQ4

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

-32%

Property History

Price changed to £155,000

December 13, 2024

Listed for £190,000

October 10, 2024

Floor Plans

Description

FOUR BEDROOM PROPERTY
IDEAL BUY TO LET, HMO OR FAMILY HOME
PRIVATE PARKING
GARDEN

Lee-Ann from Low and Partners proudly presents 67 Powis Place in Aberdeen, a stunning property brimming with character and potential.

This charming home boasts 4 bedrooms, a spacious sitting room, office, well-equipped kitchen, 2 bathrooms, and a grand staircase leading to a vast attic space. Original features such as skirtings, cornicing, and stained glass windows add a touch of elegance and history to the property.

Outside, double gates hint at the property's potential for a driveway, while a generous courtyard garden with fruit trees and slabbing offers a peaceful outdoor retreat.

In need of refurbishment, this property presents a fantastic opportunity for various purposes, whether as an HMO, buy-to-let investment, or a welcoming family home—subject to approval from Aberdeen City Council.

Upon entering, you are greeted by a spacious landing with a graceful curved staircase and stained glass windows that bathe the hallway in natural light. The sitting room features alcove cupboards, a large window overlooking the front, and classic radiators.

The versatile second room can serve as a dining room, bedroom, or office and offers storage space and a view of the garden. The kitchen, with its ample size and access to the rear garden, comes complete with cabinetry and appliances.

Upstairs, a bright office with a front-facing window provides a tranquil workspace. The generous bedrooms offer storage, radiators, and lighting, with some overlooking the peaceful back garden.

The family bathroom features a bath, shower, WC, and washbasin, while the lower level includes a convenient WC and sink for added comfort.

Parking is available through Aberdeen City Council, and the secure rear courtyard offers potential for further development. The property's central location near supermarkets, universities, colleges, and hospitals ensures convenient access to amenities and services.

Ready for a new owner to infuse it with some TLC, this period property is a rare find in the market. Don't miss the chance to make this gem your own—schedule a viewing before it's snapped up by another discerning buyer.

Location
Located centrally within the city, Powis Place is surrounded by a variety of conveniences such as Aberdeen University, a health center, and the shopping districts of Berryden and Kittybrewster. The area benefits from convenient access to public transportation, connecting it to various parts of the city including the Foresterhill hospital complex. Additionally, the neighborhood boasts reputable nursery, primary, and secondary schools. Residents also have easy access to Aberdeen's Beach Boulevard for scenic coastal walks and the renowned Seaton Park.

Directions
Continue north on George Street and turn right at the traffic lights onto Hutcheon Street. At Mounthooly Roundabout, take the first exit onto Causeway End, which leads into Powis Place. You'll find number 67 on the left side, marked by a 'For Sale' sign from Low&Partners.

DISCLAIMER:
These particulars do not constitute any part of an offer or contract. All statements contained therein, while believed to be correct, are not guaranteed. All measurements are approximate. Intending purchasers must satisfy themselves by inspection or otherwise, as to the accuracy of each of the statements contained in these particulars.

Agent Details

Low & Partners, Aberdeen

01358 286432

Next Steps?

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