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Urquhart Road, Aberdeen, Aberdeenshire

Scotland

£45,000
Listed on 16/08/2025

Property Details

Bedrooms
2
Type
Flat
Area
531 sqft

Description

Situated in a classic granite tenement, this vacant top-floor apartment presents a unique opportunity for renovation and investment. The property features two spacious bedrooms and is located just a short distance from Aberdeen city centre, making it ideally positioned for both residential living and rental potential. The internal layout includes a welcoming hallway that opens into a bright lounge with attractive views of the city skyline. The compact galley-style kitchen is functional and provides opportunities for modern updates. Each bedroom is generously sized, allowing for flexible reconfiguration to suit personal tastes or maximize rental appeal. The vintage-style bathroom adds character but also invites customization to create a contemporary space. The apartment comes equipped with electric heating and double glazing, ensuring comfort year-round. Externally, the traditional granite facade offers charm while access to shared rear grounds provides an outdoor area for residents. On-street parking is available in the vicinity, adding convenience. Located north of the city centre, this property benefits from proximity to key locations such as Aberdeen University and Old Aberdeen, positioning it well within the vibrant rental market catering to students and professionals alike. Public transport options are plentiful, with frequent bus services connecting to various parts of the city and beyond. Local amenities such as shops, supermarkets, cafes, and medical facilities are easily accessible. Nearby green spaces like Seaton Park and Victoria Park provide opportunities for outdoor activities and relaxation along scenic routes by the River Don. Educational institutions in the vicinity include reputable primary and secondary schools, making this location attractive for families as well. With excellent transport links including easy access to the city bypass and Aberdeen Beach Boulevard, commuting or enjoying leisure activities is straightforward. This top-floor apartment offers considerable potential whether you envision transforming it into a modern living space or leveraging its investment capacity in a bustling area. Its central location combined with generous room sizes makes it an appealing option for those ready to undertake a renovation project or invest in a promising property. Viewing is highly recommended to explore this property's possibilities further.

Investment Analysis

(AB24 area)

Below Market Value

This property is priced -41.0% below area average per sq ft

-41.0%
Potential saving
This Property
£85/sq ft
Area Average
£144/sq ft
Avg Rent (weekly)
£163
Avg Yield
8.5%

Renovation Potential

Est. Renovation Cost
£4,500 - £11,250
10-25% of property value
Target Value
£83,877
10% above area average per sq ft
Potential ROI
+49.1%
After renovation
Monthly Sales
54
Average per month
Market Turnover
247%
Properties sold annually

Local Market Trend (AB24)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -8.4%
5 year growth: -5.8%
Investment Disclaimer: Analysis based on AB24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Urquhart Road, Aberdeen, Aberdeenshire
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