Two bedroom first floor flat

Situated within a popular residential area of Aberdeen, this two-bedroom first floor flat presents an excellent opportunity for investors, developers or owner-occupiers looking for a renovation project. The property requires a programme of upgrading and modernisation but offers fantastic potential to add value, reflected by its Home Report valuation of £65,000 and attractive auction guide price. Once refurbished, the property would make an ideal first-time purchase, buy-to-let investment or affordable home, benefiting from well-proportioned accommodation and strong resale or rental prospects, with a potential rental income of £648.23 per calendar month or £7778.68 per annum (according to current LHA rates). Council Tax Band: D.

Tenure

Freehold

Area

Powis Terrace enjoys a convenient location with a wide range of local amenities close at hand, including supermarkets, convenience stores, cafes and schooling. The property is also within easy reach of Aberdeen city centre, the University of Aberdeen and Aberdeen Royal Infirmary, making it well suited to students, professionals and commuters alike. Excellent public transport services operate nearby, while the A90 provides

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Aberdeen City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.