This one-bedroom ground floor flat located in the traditional granite tenement of Torry presents a promising opportunity for investors and cash buyers looking to make their mark in the property market. With a well-proportioned layout encompassing approximately 37 sqm, this residence is ripe for modernization, allowing the new owner to tailor improvements to maximize rental income. Situated on the south side of Aberdeen, this flat boasts proximity to essential amenities including local shops, schools, and efficient public transport links, while being only a short distance from key employment areas such as Aberdeen Harbour and Altens Industrial Estate.
The property is sold vacant, enabling immediate renovation efforts aimed at attracting tenants in an area known for its strong rental demand. The current Local Housing Allowance for similar one-bedroom units stands at £473.72 per month, which translates into an approximate gross yield of 27%. Notably, renovated flats nearby are achieving rents of around £550 per month, equating to a gross yield of approximately 31%, showcasing the investment potential inherent in this property.
Torry’s appeal lies not just in its competitive entry-level pricing but also in its enhanced connectivity and ongoing developments that continue to elevate the area as a hotspot for buy-to-let ventures. Early viewing is recommended to fully appreciate the potential this property holds for prospective buyers seeking both renovation projects and solid investment returns.
