Gallowgate, Aberdeen AB25 2 bed flat for sale

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Gallowgate, Aberdeen AB25 2 bed flat for sale

Gallowgate, Aberdeen AB25
£87,000

Price History

Initial price £110,000
26/06/24 £104,000
09/07/24 £110,000
22/07/24 £108,000
02/08/24 £104,000
09/08/24 £102,000
16/08/24 £100,000
25/08/24 £110,000
08/09/24 £108,000
29/09/24 £104,000
06/10/24 £102,000
11/10/24 £100,000
15/10/24 £110,000
23/10/24 £108,000
29/10/24 £106,000
05/11/24 £104,000
12/11/24 £102,000
19/11/24 £100,000
26/11/24 £108,000
03/12/24 £106,000
10/12/24 £95,000
18/12/24 £93,000
31/12/24 £91,000
07/01/25 £89,000
14/01/25 £87,000
Price Change -20.91%

Description

This 2-bedroom flat in Aberdeen is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features two bedrooms, a lounge, kitchen, three-piece bathroom, and allocated parking space. Currently, it generates an annual gross income of £6,900, but with some minor adjustments, the new owner could increase this to a market rate of £11,400. The property has a long-term tenant already in place, who has been consistently paying rent for several years and has no intention of moving out. With a current tenant and potential for increased rental income, this property offers a worthwhile addition to any investor's portfolio.