One-bedroom ground floor flat

Set within a traditional granite tenement in the ever-popular Torry area on the south side of the city, this is an excellent opportunity for investors and cash buyers to acquire a well-proportioned flat with strong income potential once modernised. Torry is separated from the heart of Aberdeen by the River Dee and benefits from a wide range of local shops, schools and public transport, with the city centre within easy reach and key employment hubs including Aberdeen Harbour and Altens Industrial Estate close by. The area continues to see strong rental demand, making this an ideal purchase for the buy-to-let market. The property is in need of modernisation throughout and is offered vacant, giving the incoming purchaser full control to refurbish and let, or add to an existing portfolio. The accommodation comprises entrance hallway, living room/kitchen, bedroom and bathroom with WC, extending to approximately 37 sqm. For rental purposes, one-bedroom Local Housing Allowance in the Aberdeen and Shire BRMA currently sits at £473.72 per calendar month (£5,684.64 per annum), reflecting a gross yield of approximately 27% on the guide price, with the benefit of housing-benefit-backed income. Comparable renovated one-bedroom flats on Menzies Road are currently achieving £550 per calendar month (£6,600 per annum) on the open market, reflecting a gross yield of approximately 31% on the guide price. Early viewing is essential to appreciate the potential on offer. EPC Band D. Council Tax Band A.

Tenure

Freehold

Area

Torry is a well-established and increasingly popular residential district on the south side of Aberdeen, separated from the heart of the city by the River Dee and within easy walking distance of the city centre. The area offers a wide range of local shops, schools, and recreational facilities, and is exceptionally well served by public transport. Its position makes it a prime location for the rental market, sitting close to some of the city's key employment hubs including Aberdeen city centre, Altens Industrial Estate and Robert Gordon University. Torry also borders the £420 million Aberdeen South Harbour, completed in 2023, and the adjacent Energy Transition Zone, a major offshore energy and net-zero engineering development that continues to attract investment and jobs to this side of the city. With strong and sustained rental demand, competitive entry-level pricing and excellent connectivity, Torry remains one of Aberdeen's most active locations for buy-to-let investors.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Aberdeenshire 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.