Summary - GROUND FLOOR RIGHT, 57, URQUHART ROAD AB24 5NA
1 bed 1 bath Flat
Vacant one-bed flat near amenities — strong rental upside at auction..
Vacant one-bedroom ground-floor flat in Victorian tenement
Guide price £45,000 — Home Report value £60,000
Estimated rents £700–£800 pcm; strong potential gross yield
Sold at timed online auction — sale conditional on auction terms
Freehold tenure stated; buyer to verify title and common parts
Located in a very deprived, student/commuter neighbourhood
Close to shops, bars, restaurants and public transport
Internal condition and services not fully detailed — may need works
A compact one-bedroom ground-floor flat in a Victorian tenement, offered vacant and set for auction. Priced at £45,000 against a Home Report value of £60,000, the lot is presented to attract a quick sale and buyers seeking immediate rental or resale upside.
This property sits in a lively, cosmopolitan student and commuter neighbourhood close to shops, bars, restaurants and public transport. Local comparable sales have recently exceeded £110,000, and area rents are estimated at £700–£800 pcm, suggesting strong gross yield potential if purchased at guide price.
Buyers should note material considerations: the property is in a very deprived area, will be sold at auction with no marketing warranties, and the internal condition and service records are not fully described — purchasers must satisfy themselves on repair and compliance matters. The flat’s compact size and communal tenement setting suit investors or single-occupant tenants rather than families.
Overall this is a clear value-led opportunity for investors or buyers prepared to act at auction. Vacant possession, a low guide price and nearby rental demand combine to give immediate letting or refurbishment potential, provided buyers allow for possible works and the risks of auction purchase.
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