2 Bed Flat, Single Let, Aberdeen, AB15 8ER, £49,000

Rose House, Aberdeen, AB15 8ER - 2 months ago

BTL
ROI: 23%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£44K - £200K

 

 

Square Metres

~68.11 m²

Value Estimate

£50,250
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,250

Stamp Duty & Legal Fees

£3,650

Total Cash In

£15,900

 

 

Cash Out

 

Rent Range

£495 - £950

Rent Estimate

£600

Running Costs/mo

£293

Cashflow/mo

£307

Cashflow/yr

£3,683

ROI

23%

Gross Yield

15%

Local Sold Prices

21 sold prices from £44K to £200K, average is £110K.

PriceDateDistanceAddressBeds 
£109K04/240.34 mi14d, Denwood, Aberdeen, Aberdeenshire AB15 6JF2
£68K04/240.44 mi6, Rousay Place, Aberdeen, Aberdeenshire AB15 6HG2
£75K02/240.89 mi42, Taransay Crescent, Aberdeen, Aberdeenshire AB16 6UG2
£158K04/241.39 mi22, Friarsfield Avenue, Cults, Aberdeen, Aberdeenshire AB15 9PZ2
£150K08/241.51 mi1b, Anderson Drive, Aberdeen, Abn AB15 4ST2
£165K08/241.51 mi3c, Anderson Drive, Aberdeen, Abn AB15 4ST2
£44K05/241.52 mi24, Stockethill Court, Aberdeen, Aberdeenshire AB16 5UP2
£190.3K08/241.6 mi5, Denhead, Cults, Aberdeen, Abn AB15 9QT2
£55K06/241.71 mi69, Cornhill Court, Aberdeen, Aberdeenshire AB16 5XS2
£57K02/241.71 mi46, Cornhill Court, Aberdeen, Aberdeenshire AB16 5XS2
£150K06/241.73 mi8, Blenheim Place, Aberdeen, Aberdeenshire AB25 2DY2
£73K08/241.74 mi111, Morrison Drive, Aberdeen, Abn AB10 7HB2
£142.5K04/241.81 miThe Rowans, Flat 8, North Deeside Road, Cults, Aberdeen, Aberdeenshire AB15 9ST2
£130K05/241.89 mi323, Great Western Road, Aberdeen, Aberdeenshire AB10 6PP2
£200K04/241.92 mi11, Salisbury Terrace, Aberdeen, Aberdeenshire AB10 6QG2
£60K04/241.93 mi164, Union Grove, Aberdeen, Aberdeenshire AB10 6SR2
£66K04/241.94 mi26, Cornhill Terrace, Aberdeen, Aberdeenshire AB16 5HH2
£110K08/241.95 mi16, Auchinyell Gardens, Aberdeen, Abn AB10 7DS2
£147K04/241.99 mi124g, Great Western Road, Aberdeen, Aberdeenshire AB10 6QE2
£167K08/241.99 mi130h, Great Western Road, Aberdeen, Abn AB10 6QE2
£110K08/241.99 mi30d, Wallfield Crescent, Aberdeen, Abn AB25 2JX2

Local Rents

12 rents from £495/mo to £950/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£95002/250.1 mi-2
£75003/240.34 mi-2
£75012/240.34 miDenwood, Aberdeen, AB152
£90012/240.47 miEday Court, Aberdeen, AB152
£74012/240.5 miEday Road, Summerhill, Aberdeen, AB152
£65001/240.5 mi-2
£65001/250.5 mi-2
£55003/240.52 mi-2
£49503/250.53 mi-2
£65002/250.55 mi-2
£62512/240.59 miSpringhill Road, Aberdeen2
£90010/240.62 mi-2

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 £49,000

March 16, 2025

Listed for £51,000

January 13, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2-bedroom Flat in Aberdeen. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.

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

This well-kept home features 2 bedrooms, a lounge, a bathroom, and a kitchen.

Investment details

It currently produces an annual gross income of £7,200 which the new owner could increase to a market rate of £9,336 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

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

Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's 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 💪