Summary - 637E, GEORGE STREET, ABERDEEN AB25 3XQ
1 bed 1 bath Flat
Turnkey investment near Aberdeen University with strong rental yield potential.
Currently tenanted at £6,000 pa (approx £500 pcm)
A compact, tenanted one-bedroom flat in a Victorian granite building, offered at a competitive guide to attract quick sale at auction. The property is currently producing £6,000 per year (circa £500 pcm) and sits close to Aberdeen University and local amenities, making it attractive to students and commuter tenants.
Comparable nearby sales recently reached around £70,000, so this lot offers immediate rental income and scope for modest capital uplift. At the current price of £65,000 the running yield is strong (around 9% now) with realistic rental improvement potential to £6,600–£7,200 pa (circa 10–11% yield) if rents are increased to market levels.
The flat is sold freehold and will be offered in a timed online auction — purchase will require readiness to transact and acceptance of sale terms. The property is let, so it will be sold with the existing tenancy in place, providing a turnkey income stream for a buy-to-let investor.
Note the local area is classified as very deprived, which can affect tenant mix and long-term capital growth relative to more affluent parts of the city. Rooms are modest in size and the building is older Victorian stock; upkeep and communal maintenance should be considered by prospective buyers.
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