7 bed detached house for sale

Wood Street, Aberdeen AB11

• Prime new listing. We are excited to present these three vacant flats sold under one title, comprising one three-bedroom flat and two two-bedroom flats in a prime Aberdeen location.

• Sales Evidence: **2,13A, Market Street, Aberdeen, AB11 5PY sold for £220,000 in Jul 2024; 12, Trinity Court, Aberdeen, AB11 6YT sold for £215,000 in May 2024; 45, Virginia Street, Aberdeen, AB11 5AX sold for £230,000 in Mar 2024**

• The flats could achieve £24,000-£31,200 per annum based on current market rates, offering an excellent yield if bought at the guide price.

• Requiring refurbishment, this is a superb opportunity to add value, with scope to enhance the flats and potential attic expansion, subject to consents.

• Just 6 minutes from Union Street Station, the property enjoys excellent transport links and easy access to a wide range of nearby amenities.

Prime new listing. We are excited to present these three vacant flats sold under one title, comprising one three-bedroom flat and two two-bedroom flats, all set within a prime location in Aberdeen.

The property comprises Flat 1, which requires full refurbishment; Flat 2, which requires minimal refurbishment; and Flat 3, which also requires full refurbishment. This combination offers buyers a compelling mix of immediate improvement potential and longer-term upside, making it an especially attractive opportunity for developers, investors, and those seeking a substantial residential project in a sought-after city setting.

Based on current market rates, the three-bedroom flat could potentially achieve rental figures between £800-£1,000 per month (£9,600-£12,000 per annum). Each of the two-bedroom flats could potentially achieve between £600-£800 per month (£7,200-£9,600 per annum). This suggests a combined potential rental income of £24,000-£31,200 per annum, presenting a remarkable opportunity for landlords seeking a strong return and an excellent yield if bought at the guide price. As the properties are vacant, they are ready for tenants or new owners to move into once works are completed, and they should also appeal to first-time buyers, families, and those looking to downsize, depending on the chosen exit strategy.

The properties are requiring refurbishment, making this an exciting opportunity for a developer to come in and bring them all to their full potential. There is scope, subject to necessary planning and condition, to expand into the attic and increase the size of the two upper flats. This adds further appeal for purchasers looking to maximise value and create larger, more desirable accommodation within an established urban location.

The property is located only 6 minutes from Union Street Station, providing ready access across Scotland. The area has plenty of local amenities readily available, adding to the convenience and everyday appeal of the address for both owner-occupiers and tenants alike.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

With regards to Council Tax bands, one of the flats is rated at A, one at B, and one at C.

Excellent sales evidence in the area: **2,13A, Market Street, Aberdeen, AB11 5PY sold for £220,000 in Jul 2024; 12, Trinity Court, Aberdeen, AB11 6YT sold for £215,000 in May 2024; 45, Virginia Street, Aberdeen, AB11 5AX sold for £230,000 in Mar 2024**

This lot is open to immediate offers. Should you wish to offer now, you can do so via our "Offer now" button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Aberdeen is a vibrant and well-connected city that continues to attract families, professionals, students, and tenants thanks to its strong range of amenities and appealing coastal setting. The area around Wood Street benefits from easy access to shops, cafés, supermarkets, and everyday services, while nearby green spaces and parks provide welcome room to relax outdoors. There is good access to schools and regular public transport, with convenient links across the city and beyond. Aberdeen's city centre offers extensive retail, dining, and leisure options, making this a highly practical and desirable location for both residential living and long-term rental demand.