Summary - Merkland Road, Aberdeen, AB24 AB24 3HR
1 bed 1 bath Apartment
High-yield auction opportunity in a student-friendly city-centre location, sold as a fixer-upper..
- Guide price £23,000; auction sale 22nd October
- Projected rent c. £650 pcm; potential yield ~33.9% at guide price
- Top-floor one-bedroom flat in Victorian terrace
- Scaffolding present; external works and overgrown garden noted
- Tenure unknown — legal due diligence required before bidding
- Located in a deprived, student/commuter neighbourhood
- Excellent mobile signal and fast broadband speeds
- Suited to investors or buyers prepared to renovate
A compact top-floor one-bedroom flat in a Victorian terrace, offered for sale by auction with a guide price of £23,000. The flat includes a sitting room, kitchen, bathroom and bedroom and sits in a town-centre location close to shops, eateries and public transport — attractive to students and city professionals. Broadband speeds and mobile signal are reported as fast and excellent respectively.
This property is presented as a refurbishment/fixer-upper: external scaffolding and an overgrown garden indicate ongoing works or deferred maintenance. Tenure is unknown and the property will be sold at auction on 22nd October — buyers should allow time for due diligence and budget for renovation costs and any required legal checks. The surrounding area is classified as deprived, which may affect long-term capital growth but supports strong rental demand from students and commuters.
For investors the headline is the projected rental return: an estimated rent of around £650 pcm equates to a prospective yield of about 33.9% at the guide price, making this a high-yield opportunity if purchased at auction and refurbished cost-effectively. Conversely, first-time buyers seeking a move-in-ready home should note the likely repair work and the auction sale process.
In short: a budget entry into Aberdeen’s rental market with strong near-term income potential, but sold as a bargain needing investment in repair, clarification of tenure, and careful auction purchasing.
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