Summary - Seaton Place, Aberdeen, Aberdeenshire, AB24 AB24 1UZ
3 bed 3 bath Block of Apartments
Income-producing city-centre block with immediate rental returns.
Three self-contained flats within one traditional stone building
A compact portfolio of three one-bedroom flats arranged in a traditional stone building on Seaton Place, offered freehold with long-term tenants in place. The three flats currently produce a combined annual gross income of £18,000, giving a headline gross yield of around 10% at the listed price of £180,000 — a straightforward buy-to-let proposition for return-focused investors.
The block sits in a central, well-connected part of Aberdeen within a student-communal neighbourhood, which supports steady rental demand. Externally the property is typical granite/stone construction with limited private outdoor space and restricted on-site parking, making it more suitable for rental or redevelopment than family occupation. Broadband speeds are reported slow — a factor that may affect certain tenants and needs addressing where critical.
Internally the flats are in mixed condition and will require ongoing maintenance and likely modernisation to maximise rental value or resale. The portfolio is sold with tenants in situ, providing immediate income but limiting vacant possession planning. The local area is classified as very deprived, which can mean both stronger rental yields and additional management considerations.
This opportunity suits investors and small developers seeking immediate income with scope for value-add through refurbishment, improved services (for example faster broadband), or longer-term reconfiguration. Important notes: a Buyers Premium will apply on purchase and prospective buyers should review the Let Property Pack and carry out full inspections and tenancy checks prior to exchange.
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