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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 2
  • Council Tax: Search

**IDEAL FOR INVESTOR LANDLORD** 1 bedroom traditional style flat requiring upgrading/finish prior to rental. Potential Rental yield of near 19% at home report value - excellent return on investment.

Comprises internally of lounge, fitted kitchen, double bedroom, 2nd bedroom/study and shower room with w/c. Property will require some minor upgrading prior to rental. **EPC RATING D**

Property is further enhanced by a system of electric heating (untested), UPVC double glazing and well maintained communal areas. IDEAL FOR RENTAL. Close to city centre with high tenant demand.

Property is close to city centre - potential rental income at £550 per calendar month (£6600 per Annum). FANTASTIC POTENTIAL RETURN. Torry area of the city close to the docks and centre.

*COMPARABLE SALES*1 bed tenement flat sold 2020 Victoria Road £37,000**1 Bed Tenement flat sold 2022 Menzies Road £35,250**1 Bed Victoria Road sold 2024 £26,240**1 Bed Walker Road sold 2024 £45,000**

**IDEAL FOR INVESTOR LANDLORD** 1 bedroom traditional style flat requiring upgrading/finish prior to rental. Walls replastered and no finishing decoration. Potential Rental yield of near 19% at home report value - excellent return on investment. Property is close to city centre - potential rental income at £550 per calendar month (£6600 per Annum). FANTASTIC POTENTIAL RETURN. Torry area of the city close to the docks and centre. Comprises internally of lounge, fitted kitchen, double bedroom, 2nd bedroom/study and shower room with w/c. Property will require some minor upgrading prior to rental. Property is further enhanced by a system of electric heating (untested), UPVC double glazing and well maintained communal areas. IDEAL FOR RENTAL. Close to city centre with high tenant demand.**EPC RATING D** ROOM MEASUREMENTS - Lounge15'0" x 12'0"; Kitchen 11'0" x 5'1"; Bedroom 1 15'0" x 10'1"; Bedroom 2 8'6" x 8'0". *COMPARABLE SALES*1 bed tenement flat sold 2020 Victoria Road £37,000**1 Bed Tenement flat sold 2022 Menzies Road £35,250**1 Bed Victoria Road sold 2024 £26,240**1 Bed Walker Road sold 2024 £45,000**

Aberdeen is located approx. 125 miles north of Edinburgh and 145 miles north east of Glasgow. Excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. Situated centrally off Aberdeen’s city centre, the area around Torry is popular with young professionals and students alike. Residents of the city are spoiled for choice when it comes to local amenities: there’s a fantastic selection of supermarkets, independent boutique shops, restaurants, and primary and secondary schools all within easy reach. Plus, this area boasts several parks and green spaces and it’s only a short distance from lively Union Street. Housing in this area primarily consists of Victorian granite tenement blocks, as well as an increasing number of modern apartment complexes and new developments. Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce.

Full Address: 167 Victoria Road, Aberdeen, AB11 9ND

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Pricing Information & Bidding

Opening Bid: £19,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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