118 Pennan Road, Aberdeen, Aberdeen, AB24 2UE

Description

• Prime Property Auctions is excited to present this impressive 2 Bedroom situated within a prime buy to let location in Aberdeen - HOME REPORT £77,000

• 97, Hayton Road, Aberdeen, Aberdeenshire AB24 2RN Previously sold for £85,000. 54, Auchinleck Road, Aberdeen, Aberdeenshire AB24 2Y Previously sold for £88,000.

• Property could easily provide a monthly rental income of £600 - £750 pcm (£9,000 p/a). This would provide an exceptional 13% gross yield based on a guide price of £70,000. 

• Excellent investment opportunity, sure to appeal to shrewd investors looking for an easily lettable property in a sought after location - HIGH YIELD POTENTIAL

• Located in the vibrant centre of Aberdeen. Exciting nearby attractions such as sports stadiums, leisure facilities, shopping,entertainment with easy transport links nearby - GUIDE PRICE £70,000

Prime Property Auctions is excited to present this impressive 2 Bedroom apartment situated within a prime buy to let location in Aberdeen - Guide price £70,000

HOME REPORT £77,000 - 13% YIELD BASED ON £70,000 GUIDE PRICE

Property comprises:Entrance hallway, living room, kitchen, bathroom, 2 Large double bedrooms, 

Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local area has seen some great sales recently showing that there is strong demand.

Local sales evidence: 

97, Hayton Road, Aberdeen, Aberdeenshire AB24 2RN Previously sold for £85,000. 54, Auchinleck Road, Aberdeen, Aberdeenshire AB24 2Y Previously sold for £88,000.

Property could easily provide a monthly rental income of £600 - £750 pcm (£9,000 p/a). This would provide an exceptional 13% gross yield based on a guide price of £70,000. 

Potentially high yielding investment property.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location

Aberdeen, located in the northeast of Scotland, is often called the "Granite City" due to its gray-stone architecture. Renowned for its role in the North Sea oil industry, the city attracts professionals and businesses associated with offshore drilling and production, contributing to its economic stability.

The University of Aberdeen adds to the city's appeal, fostering education, research, and innovation. With a mix of historic charm, modern amenities, and a high quality of life, Aberdeen offers residents cultural events, recreational facilities, and a picturesque coastline. Its solid transportation links, including an international airport, enhance connectivity for both residents and businesses. 

The real estate market, influenced by economic activities, may present opportunities for investment, especially in the face of ongoing efforts to diversify the economy beyond oil and gas. As Aberdeen works towards a more resilient and varied economic base, its strengths in technology, renewable energy, and tourism contribute to its appeal for living and investing.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.