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Description
EXCELLENT INVESTMENT OPPORTUNITY**One bedroom second floor flat located close to the city centre. Potential rental £500pcm post renovation *** RICS HOME REPORT VALUE = £45,000 Jan 2026 ***
Comprises lounge, kitchen, one bedroom and bathroom. In addition, the property offers gas heating system, double glazing and communal area to the rear. A degree of upgrade and repair is required.
Once fully renovated - Realistic rental potential around £500pcm (£6000 Per Annum) HIGH DEMAND RENTAL LOCATION**** SUPER RENTAL RETURN Torry area of the city close to the docks and centre.
COMPARABLE SALES*1 bed tenement flat sold 2020 Victoria Road £37,000**1 Bed Tenement flat sold 2022 Menzies Road £35,250**1 Bed Victoria Road sold 2024 £26,240**1 Bed Walker Road sold 2024 £45,000.
PERFECT, LOW COST ADDITION TO ANY INVESTMENT PORTFOLIO with good rental return once renovated within extremely high demand location. Certain to appeal to multiple investors.
*** RICS HOME REPORT VALUE = £45,000 Jan 2026 *** EXCELLENT INVESTMENT OPPORTUNITY**One bedroom second floor flat located close to the city centre. Potential rental £500pcm post renovation - excellent return on investment. HIGH DEMAND RENTAL LOCATION Comprises lounge, kitchen, one bedroom and bathroom. In addition, the property offers gas heating system, double glazing and communal area to the rear. A degree of upgrade and repair is required. Once fully renovated - Realistic rental potential around £500pcm (£6000 Per Annum) HIGH DEMAND RENTAL LOCATION**** SUPER RENTAL RETURN Torry area of the city close to the docks and centre. COMPARABLE SALES*1 bed tenement flat sold 2020 Victoria Road £37,000**1 Bed Tenement flat sold 2022 Menzies Road £35,250**1 Bed Victoria Road sold 2024 £26,240**1 Bed Walker Road sold 2024 £45,000. PERFECT, LOW COST ADDITION TO ANY INVESTMENT PORTFOLIO with good rental return once renovated within extremely high demand location. Certain to appeal to multiple investors.
Maps & Location
Map Street View SatelliteAberdeen is located approx. 125 miles north of Edinburgh and 145 miles north east of Glasgow. Excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. Situated centrally off Aberdeen’s city centre, the area around Torry is popular with young professionals and students alike. Residents of the city are spoiled for choice when it comes to local amenities: there’s a fantastic selection of supermarkets, independent boutique shops, restaurants, and primary and secondary schools all within easy reach. Plus, this area boasts several parks and green spaces and it’s only a short distance from lively Union Street. Housing in this area primarily consists of Victorian granite tenement blocks, as well as an increasing number of modern apartment complexes and new developments. Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce.
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Pricing Information & Bidding
Opening Bid: £20,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 58EMenzies Road, Aberdeen