Summary - FLAT 6, 48, ESSLEMONT AVENUE AB25 1SQ
1 bed 1 bath Flat
Tenanted one-bedroom flat near university, strong rental returns possible.
One double bedroom with ample storage space
A compact, tenanted one-bedroom flat in a Victorian terraced block, offered for sale at auction with immediate purchase possible. The property is currently producing £550 pcm (£6,600 pa) and benefits from gas central heating, a double bedroom, separate kitchen, and shower room.
The lot is offered with a Home Report valuation of £75,000 and a current guide price of £39,000, creating a strong entry price for investors. Using the guide price, the current rental income equates to around an 11% gross yield; achievable market rents of £625–£650 pcm would push gross yields toward 12.5–13%.
Location is a key strength: close to local amenities, public transport and roughly a 7-minute drive from the University of Aberdeen, making the flat attractive to students and commuter tenants. The property will be sold at auction and is marketed as a turnkey investment while remaining occupied by a sitting tenant.
Buyers should note a few material points: the property is in an area classed as deprived, the sale will be by auction (sold as offered), and the flat is currently tenanted which may limit immediate vacant-possession options. Prospective purchasers should check the tenancy terms and legal pack prior to bidding.
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