Compact auction lot with strong rental potential in a student and commuter area.
Victorian stone building with high ceilings and large windows
A one-bedroom apartment in a Victorian stone building, centrally placed in Aberdeen close to shops, transport and universities. High ceilings and large windows give the principal rooms good natural light and period character. The compact layout totals about 36.9m² and includes a sitting room, kitchen, bathroom and small pantry.
This flat is offered at auction on 5 November with a Home Report valuation of £40,000 and a current guide/asking price of £33,000. It requires renovation and cosmetic updating, so it will suit an investor or buyer prepared to carry out works. If bought at the guide price, the property is estimated to let for around £550 PCM, giving a potential gross yield above 19% (buyer to verify).
Key practical points that require attention: tenure is not confirmed, and the property will be sold at auction, so purchasers should complete legal and survey checks beforehand. The building’s Victorian age means maintenance and conservation considerations, and the flat needs some TLC rather than being move-in ready. Broadband and mobile signal are strong, and there is no recorded flood risk.
Given its central location in a cosmopolitan student and commuter neighbourhood, the apartment offers clear rental and portfolio potential after renovation. Investors seeking a compact city-centre let or a refurbishment project in Aberdeen will find this a straightforward opportunity; first-time buyers should factor in renovation costs and auction purchase risks.
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