19 Church Terrace, Turriff, AB53 4AU

Tenanted Residential Opportunity

Description

• PRIME NEW LISTING. We are excited to present this tenanted 2-bed semi-detached house located within a prime location in Turriff. **Home Report £135,000**

• Sales Evidence:**39 Whiterose Cottage, Beaconsfield Terrace, Turriff AB53 4AP sold for £140,000. ** **8 Gladstone Terrace, Turriff AB53 4BF sold for £130,000.**

• This property is currently tenanted, generating £600 pcm (£7,200 per annum) with a yield of 6.6% against the guide price. Furthermore, the rental income could potentially rise to £895 pcm, equating to £10,740 annually, offering a lucrative return on investment.

• There is also potential for conversion to serviced accommodation. The property could command rates in the area of £110-£135 per night, translating to an impressive annual income of £28,105-£34,492 based on a 70% occupancy rate.

• An ideal opportunity for shrewd investors seeking an easily let property offered at a discount from the Home Report. This property is poised for a hassle-free acquisition with promising returns.

PRIME NEW LISTING. We are excited to present this tenanted 2-bed semi-detached house located within prime location in Turriff. **Home Report £135,000**

The property comprises a large and inviting living room, a well-equipped kitchen, two spacious double bedrooms, a modern bathroom, and a delightful rear garden with a garage.

This property is currently tenanted, generating £600 pcm (£7,200 per annum) with a yield of 6.6% against the guide price. Furthermore, the rental income could potentially rise to £895 pcm, equating to £10,740 annually, offering a lucrative return on investment.

There is also potential for conversion to serviced accommodation. The property could command rates in the area of £110-£135 per night, translating to an impressive annual income of £28,105-£34,492 based on a 70% occupancy rate.

An ideal opportunity for shrewd investors seeking an easily let property offered at a discount from the Home Report. This property is poised for a hassle-free acquisition with promising returns.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**39 Whiterose Cottage, Beaconsfield Terrace, Turriff AB53 4AP sold for £140,000 in 2023.** **8 Gladstone Terrace, Turriff AB53 4BF sold for £130,000 in 2023.**

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

Turriff is a charming town in Aberdeenshire, known for its vibrant community and picturesque landscapes. Offering a blend of cultural heritage and modern amenities, Turriff provides a welcoming environment for both residents and investors alike.

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.