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Elmbank Road, Aberdeen, AB24 - Image 1
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Elmbank Road, Aberdeen, AB24

Scotland

£40,000
Listed on 28/12/2025

Property Details

Bedrooms
1
Type
Flat
Area
420 sqft

Description

This ground floor flat offers a practical one-bedroom layout in a traditional granite tenement, conveniently situated close to the vibrant heart of Aberdeen. With gas central heating and double glazing already in place, the property is a solid foundation that requires some updating, presenting a prime opportunity for those looking to infuse their personal style or make an investment. The entrance hall leads into an open-plan kitchen and living area, featuring light wood-effect units and black worktops, creating a functional space with plenty of potential for modern upgrades. A well-sized dining area and lounge complete this sociable zone, complementing its character with laminate flooring and decorative ceiling mouldings. The double bedroom is bright and airy with ample natural light from a large rear window, offering a blank canvas for personalisation. The compact bathroom boasts an efficient layout with modern fittings, including a spacious shower enclosure and built-in shelving for added convenience. Externally, residents benefit from direct access at street level within this classic tenement building, enhancing the appeal for first-time buyers or investors alike. Situated on Elmbank Road in the well-connected George Street/Harbour area, the location provides convenient access to local amenities, transport links, and proximity to the University of Aberdeen. This position makes it particularly attractive to students and professionals seeking the balance of urban convenience and residential charm.

Investment Analysis

(AB24 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£95/sq ft
Area Average
£143/sq ft
Avg Rent (weekly)
£156
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£65,858
10% above area average per sq ft
Potential ROI
+1.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
145%
Properties sold annually

Local Market Trend (AB24)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -6.1%
5 year growth: -8.8%
Investment Disclaimer: Analysis based on AB24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Elmbank Road, Aberdeen, AB24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£147
Based on a loan of £30,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE