5 Bed Detached House, Refurb/BRRR, Aberdeen, AB12 3JT, £91,000

Heatherdale, Abbotswell Crescent, Aberdeen, Aberdeenshire, AB12 3JT - 2 views - 19 days ago

Auction
Refurb/BRRR
ROI: 6%
~178 m²
+3 photos

ValuationFair Value

Sold Prices£229K - £660K

 

 

Square Metres

~178.28 m²

Value Estimate

£92,820

 

 

End Value (After Refurb)

£73,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,750

Stamp Duty & Legal Fees

£5,750

Refurb Costs

£70,546

Bridging Loan Interest

£2,389

Total Cash In

£103,185

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£73,250

Mortgage (After Refinance)

£54,938

Mortgage LTV

75%

Cash Left In

£103,185

Equity

£18,313

Rent Range

£580 - £1,200

Rent Estimate

£921

Running Costs/mo

£433

Cashflow/mo

£488

Cashflow/yr

£5,855

ROI

6%

Gross Yield

12%

Local Sold Prices

8 sold prices from £229K to £660K, average is £340K.

PriceDateDistanceAddressBeds 
£229K08/241.35 mi9, Cove Path, Cove, Aberdeen, Knc AB12 3QT4
£340K02/241.89 mi36, Bon Accord Terrace, Aberdeen, Aberdeenshire AB11 6DU4
£340K06/242 mi54, Ashley Gardens, Aberdeen, Aberdeenshire AB10 6RQ4
£345K05/242.17 mi54, Gordon Road, Aberdeen, Aberdeenshire AB15 7RL4
£315K02/242.38 mi15, Airyhall Road, Aberdeen, Aberdeenshire AB15 7TQ4
£660K05/242.45 mi25, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£545K06/242.45 mi18, Kepplestone Gardens, Aberdeen, Aberdeenshire AB15 4DH4
£330K06/242.81 mi4, Woodlands Walk, Cults, Aberdeen, Aberdeenshire AB15 9DW4

Local Rents

12 rents from £580/mo to £1.2K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,20007/230.31 mi-3
£78011/230.75 mi-3
£1,17502/240.77 mi-3
£1,17503/240.77 miCormorant Brae, Cove, Aberdeen, AB123
£80004/240.81 miFaulds Crescent, Aberdeen3
£75012/240.89 mi-3
£90007/230.97 mi-3
£99505/240.98 miNigg Way, Kincorth, Aberdeen, AB124
£99505/240.98 miNigg Way, Kincorth, Aberdeen, AB124
£95002/250.99 mi-3
£75003/241.06 miGardner Crescent, Aberdeen3
£58003/251.24 mi-3

Local Area Statistics

 

 

Rental growth (12m)

-26%

Sales demand

Seller's market

Capital growth (5yrs)

-4%

Property History

Listed for £91,000

March 17, 2025

Description

  • Great renovation project +
  • Substantial 1.5 storey detached property +
  • Spacious accommodation +
  • Outstanding added value opportunity +
  • Create a fabulous family home +

Great renovation project

Going under the hammer is this substantial detached 1.5 storey property in Abbotswell Crescent, within the Kincorth area approximately three miles south of Aberdeen city centre. Offering an impressive 288 sq. metres of floor area, the property is deemed unsafe for access due to extensive water damage and unstable ceilings but offers flexible accommodation and an outstanding opportunity to add value and create a fabulous family home for rental, resale or owner/occupier. We believe but cannot confirm that the accommodation comprises two public rooms, kitchen, five bedrooms and four bathrooms. The property also enjoys spacious mono blocked parking area to the front with space for multiple vehicles, and large garden area to the rear. This exciting development property won’t be on the shelf for long, so early expression of interest is essential. Council Tax Band: F. EPC Rating: E.

NOTE TO BUYERS - due to the unsafe condition there is no Home Report available, nor can we accommodate internal viewings.

Unsafe properties
Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

Abbotswell Crescent lies within the Kincorth area of Aberdeen, approximately three miles south of the city centre. An excellent range of amenities are within easy reach, with leisure facilities including a sports centre. There are also primary and secondary schools within walking distance of the property. The industrial units and business parks at Altens and Tullos are also within easy reach, as is Robert Gordon’s University Campus at Garthdee.

PURCHASER NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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Agent Details

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0141 673 7275

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