Formantine Road, Aberdeen AB24 2 bed flat for sale

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Formantine Road, Aberdeen AB24 2 bed flat for sale

Formantine Road, Aberdeen AB24
£50,000

Price History

Initial price £65,000
15/02/25 £60,000
22/03/25 £50,000
Price Change -23.08%

Description

This 2-bedroom flat is located in a prime area of Aberdeen, near local amenities and just a 3-minute drive from the University of Aberdeen. The property has previously sold for £85,000, £125,000, £105,000, and £155,000, and is now being offered as a potential buy-to-let investment opportunity. With a guide price of £125,000, the property could potentially achieve a rental income of £700-£750 per month, returning a yield of 13-14%. The local area has seen strong demand, with recent sales evidence showing that similar properties have sold for higher prices. The property features an entrance hallway, living room, kitchen, bathroom, and two large double bedrooms, with ample storage throughout. With its excellent location and potential for high rental yields, this property is sure to appeal to shrewd buy-to-let investors or homeowners looking for a fantastic new home.