2 Bed Flat, Refurb/BRRR, Aberdeen, AB15 5NL, £183,000

6 Bonnymuir Place, Midstocket, Aberdeen, AB15, AB15 5NL - 2 months ago

Refurb/BRRR
ROI: 3%
~68 m²
+18 photos

ValuationOvervalued

Sold Prices£36.3K - £187.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£141,000

 

 

End Value (After Refurb)

£158,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,750

Stamp Duty & Legal Fees

£10,350

Refurb Costs

£27,001

Bridging Loan Interest

£4,804

Total Cash In

£89,655

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£158,500

Mortgage (After Refinance)

£118,875

Mortgage LTV

75%

Cash Left In

£89,655

Equity

£39,625

Rent Range

£450 - £2,940

Rent Estimate

£915

Running Costs/mo

£698

Cashflow/mo

£217

Cashflow/yr

£2,600

ROI

3%

Gross Yield

6%

Local Sold Prices

28 sold prices from £36.3K to £187.5K, average is £105.4K.

PriceDateDistanceAddressBeds 
£110K08/240.4 mi30d, Wallfield Crescent, Aberdeen, Abn AB25 2JX2
£150K06/240.4 mi8, Blenheim Place, Aberdeen, Aberdeenshire AB25 2DY2
£107.7K05/240.43 mi46, Watson Street, Aberdeen, Aberdeenshire AB25 2QL2
£130K06/240.45 mi12, Watson Street, Aberdeen, Aberdeenshire AB25 2QD2
£160K06/240.56 miAlbert Den, Flat 27, Albert Lane, Aberdeen, Aberdeenshire AB25 1SY2
£36.3K08/240.57 mi43, Esslemont Avenue, Aberdeen, Abn AB25 1SX2
£135K06/240.58 mi20, Richmond Terrace, Aberdeen, Aberdeenshire AB25 2RL2
£187.5K02/240.63 mi46, Richmond Street, Aberdeen, Aberdeenshire AB25 2XL2
£155.5K06/240.63 mi27b, Mount Street, Aberdeen, Aberdeenshire AB25 2RA2
£40K04/240.64 mi17c, Northfield Place, Aberdeen, Aberdeenshire AB25 1SA2
£70K08/240.65 mi28, Kintore Place, Aberdeen, Abn AB25 2TP2
£66K04/240.65 mi26, Cornhill Terrace, Aberdeen, Aberdeenshire AB16 5HH2
£88K06/240.67 mi4c, Westburn Road, Aberdeen, Aberdeenshire AB25 2PX2
£118K05/240.72 mi82c, Skene Square, Aberdeen, Aberdeenshire AB25 2UN2
£112K08/240.73 mi37, Victoria Street, Aberdeen, Abn AB10 1UU2
£60K04/240.75 mi164, Union Grove, Aberdeen, Aberdeenshire AB10 6SR2
£55K06/240.77 mi69, Cornhill Court, Aberdeen, Aberdeenshire AB16 5XS2
£57K02/240.77 mi46, Cornhill Court, Aberdeen, Aberdeenshire AB16 5XS2
£116K06/240.79 mi103, Union Grove, Aberdeen, Aberdeenshire AB10 6SL2
£90K04/240.8 mi115, Huntly Street, Aberdeen, Aberdeenshire AB10 1TF2
£44K05/240.81 mi24, Stockethill Court, Aberdeen, Aberdeenshire AB16 5UP2
£68K02/240.85 mi15, Jamaica Street, Aberdeen, Aberdeenshire AB25 3UX2
£147K04/240.89 mi124g, Great Western Road, Aberdeen, Aberdeenshire AB10 6QE2
£167K08/240.89 mi130h, Great Western Road, Aberdeen, Abn AB10 6QE2
£163K02/240.91 mi105, Hammerman Drive, Aberdeen, Aberdeenshire AB24 4SF2
£95K08/240.95 mi56 Glendale Mews, Union Glen, Aberdeen, Abn AB11 6FP2
£45K08/240.96 mi78 Flat D, Hutcheon Street, Aberdeen, Abn AB25 3TB2
£103K08/240.99 mi44, Holburn Road, Aberdeen, Abn AB10 6ET2

Local Rents

51 rents from £450/mo to £2.9K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£1,50012/240.13 mi50 Gordondale House, Gordondale Rd, AB15 5GB2
£82512/240.15 mi-2
£79512/240.16 mi-2
£72501/240.16 mi-2
£1,50012/240.25 miKing's Gate, Aberdeen2
£2,94002/250.31 mi-2
£95001/240.33 mi-2
£1,20010/240.33 mi-2
£85010/240.36 mi-2
£65002/240.37 mi-2
£89511/240.37 mi-2
£80012/240.38 mi-2
£65012/240.39 mi-2
£99512/240.43 miForest Road Flat B , Aberdeen2
£1,15012/240.43 miForest Road, West End, Aberdeen, AB152
£95512/240.44 miMorningfield Mews, City Centre, Aberdeen, AB152
£1,00012/240.44 mi-2
£1,10002/250.44 mi-2
£1,10012/240.44 miMorningfield Mews, , AB152
£82512/240.44 miWhitehall Place, Aberdeen, AB252
£82512/240.44 miWhitehall Place, Aberdeen, AB252
£1,20012/240.47 miDempsey Court, Queen's Lane North, AB152
£1,15012/240.47 mi-2
£72512/240.49 miWhitehall Place, Aberdeen, AB252
£72504/240.49 mi-2
£65003/250.49 mi-2
£65004/240.5 mi-2
£65004/240.5 mi-2
£65004/240.5 mi-2
£65012/240.5 miEsslemont Avenue, Aberdeen, AB252
£1,20001/250.52 mi-2
£90012/240.52 miShaw Crescent, Aberdeen, Aberdeenshire, AB252
£90012/240.52 miShaw Crescent, Rosemount, Aberdeen, AB252
£88012/240.53 miShaw Crescent, First floor, AB252
£85001/240.55 mi-2
£1,20012/240.55 miAlbert Den, Westend, Aberdeen City, Aberdeen, AB252
£45012/240.56 mi-2
£72512/240.56 mi-2
£69012/240.57 miEden Place, Rosemount, Aberdeen, AB252
£85012/240.57 miShaw Crescent, City Centre, Aberdeen, AB252
£75004/240.58 mi-2
£75012/240.58 miChestnut Row, Aberdeen, AB252
£75002/250.58 mi-2
£79512/240.58 mi-2
£75003/240.58 miCarden Terrace, Garden Flat, AB102
£75003/240.59 miCarden Terrace, Aberdeen, AB10 1US2
£79512/240.59 mi-2
£80004/240.59 mi-2
£80012/240.59 miRichmond Walk, Aberdeen, AB252
£80012/240.59 miRichmond Walk, Aberdeen, AB252
£74012/240.6 miRichmond Terrace, Rosemount, Aberdeen, AB252

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

-10%

Property History

Listed for £183,000

January 31, 2025

Floor Plans

Description

  • Spacious self-contained apartment +
  • Modern renovations but keeping traditional features +
  • Two working fireplaces +
  • Two large double bedrooms +
  • Large reception room +
  • Short 5 mins walk to Aberdeen Royal Infirmary Campus +

Northwood are delighted to present 6 Bonnymuir Place, a self contained upper apartment with modern renovations whilst keeping traditional features. This property would be an ideal purchase for City and hospital professionals given it's fantastic location just a short distance from both. Viewings are highly recommended to appreciate the space and condition of this property.  This spacious and traditional granite home measures 87m2 and comprises: self-contained own door access and stairwell to the upper apartment with a large storage cupboard in the hall. To the front of the property are two large double bedrooms, one is currently being utilised as a second reception with gas fireplace. The rear of the property has the lounge reception room with stove fireplace, a modern bathroom with shower over bath and the modern kitchen with space for a small dining table. The property benefits from gas central heating and extensive renovations including underfloor heating in the bathroom and kitchen, a new fuse box in 2024, new windows and a new front door plus additional insulation added to the walls and under flooring.  Externally, there is a shared rear garden with exclusive areas. There is ample on street parking, with a permit obtainable from the local council.  Please note: all light fittings, window coverings, floor coverings and white goods are included in the sale. The furniture and piano is also available to purchase by separate negotiation.  Located in Mid Stocket, the property benefits from being close to many local amenities in the Rosemount community including shops and grocery stores, Westburn and Victoria Parks and is within walking distance to the City Centre and Aberdeen Royal Infirmary. The property location also provides easy access north and south of the city with its close proximity to the A96, A90, TECA and Dyce Airport. Please note: The home report is available to view on the Northwood website portal (within the listing, under the documents section). Viewings are highly recommended to appreciate this spacious apartment in ready to move in condition and providing easy access to local amenities. Please contact Northwood Aberdeen to arrange a viewing. EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Aberdeen

01224 218450

Next Steps?

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