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Scotland
£22,995Guide Price
Listed on 24/09/2026
Listed on 24/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom flat on George Street presents a significant renovation project, ideal for investors or developers looking to add value in a prime Aberdeen location. While the property exhibits extensive wear and requires a complete refurbishment, this offers a blank canvas to create a modern living space tailored to the rental market or as a comfortable city centre home. The potential for strong rental income in this sought-after area adds to its appeal.
However, prospective buyers should be aware of the heavy project scale involved. The property shows signs of wear throughout, with identified maintenance issues including dampness and roof repairs. Given that gas, electrical, and water services were disconnected during inspection, the reinstatement of these systems will also need to be factored into the renovation budget. The asking price of £22,995 is notably low compared to the potential value post-renovation, but the lack of usable floor area prevents a direct £/sqf comparison against local averages.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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