Initial price	£50,000
25/05/24	£48,000
09/10/24	£45,000
Price Change	-10.00%

Prime Property Auctions is offering a fantastic opportunity to invest in a 1-bedroom flat with a sitting tenant in Aberdeen's city center. The property has a Home Report valuation of £75,000 and is being sold for a guide price of £50,000. The current tenant is paying £400 per month, giving a yield of 9.6% at the guide price. The property has a market rent of £600-£700 per month, which could give a gross yield of 14.4-16.8% based on the guide price. The property is easily lettable and has a strong demand in the area, with recent sales evidence showing that properties in the same location have sold for £130,000 and £145,000. The property is open to immediate offers and will feature in an upcoming timed online auction.