Summary - FLAT B, 1, COLVILLE PLACE AB24 5LZ
1 bed 1 bath Flat
Compact freehold buy-to-let with existing tenant and private garden.
Tenant in situ who wishes to remain; immediate rental income
Gross annual income £6,000; potential yield for investors
Freehold one-bedroom flat, circa 420 sq ft
Private rear garden; communal traditional tenement setting
On-street parking only; no dedicated off-street space
Located in AB24 student/commuter neighbourhood with steady demand
Area classed as very deprived; affects long-term resale and tenant mix
Buyer’s premium applies to secure the purchase
This compact one-bedroom flat in Colville Place is offered freehold and currently let, presenting an immediate income stream for investors. The property totals approximately 420 sq ft and is set within a traditional Victorian stone tenement on a quiet urban street in AB24. It includes a lounge, kitchen, three-piece bathroom and a private rear garden.
The flat currently produces a gross annual income of £6,000 and benefits from a tenant in situ who wishes to remain. That makes this a straightforward buy-to-let purchase for those seeking rental yield without immediate voids or re-letting work. The building appears well maintained externally and occupies a student-and-commuter neighbourhood likely to sustain rental demand.
Buyers should note material considerations: the property is small, lies in an area classed as very deprived, and parking is on-street only. A buyer’s premium will be applied to secure the sale. These factors affect running costs, management and resale prospects and suit investors or developers prepared to work within those constraints rather than first-time owner-occupiers.
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