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See how verdicts work1-bedroom flat · AB51 0YN
For saleReduced £5k (−7.7%) on 22 SepListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description An excellent opportunity for buy-to-let investors, this tenanted one-bedroom first-floor flat is situated at 11 Smithfield in Kintore, within easy reach of local amenities and transport connections.
Currently occupied and generating £450 per calendar month, equivalent to £5,400 per annum, the property offers an established rental income from day one.
The Home Report provides a market valuation of £80,000, making this an attractive proposition for investors seeking a straightforward addition to their portfolio.
The accommodation extends to approximately 43m2 and comprises an entrance hallway, living room, one bedroom, fitted kitchen and shower room.
The property forms part of a purpose-built first-floor block of four units and is of traditional solid stone construction with a pitched slate roof.
Internally, the kitchen is fitted with a range of base and wall-mounted units with laminate worktops, while the shower room incorporates a WC, wash-hand basin and shower cubicle with electric shower.
The flat benefits from mains gas central heating, with a gas-fired boiler supplying radiators and domestic hot water throughout.
Further features include double-glazed UPVC windows, rear garden and communal ground areas, together with a timber shed and external stone-built store.
The property is located within a mixed residential and commercial area of Kintore, with a range of everyday amenities available within the town.
For investors considering longer-term potential, nearby sales provide useful context: 21 Smithfield, Northern Road sold for £100,000 in April 2025, while 9 Smithfield, Northern Road sold for £102,000 in August 2021.* The Home Report notes a number of Category 2 items requiring future attention, including localised dampness and elements of the roof, chimney, rainwater fittings and other areas.
Prospective purchasers should review the full Home Report and obtain any appropriate specialist advice or estimates before offering. No Category 3 items are identified in the condition summary.
Overall, this represents an appealing opportunity to acquire an income-producing one-bedroom property with a tenant already in situ, combining an established rental income with potential for longer-term capital growth.
Key investment details: Tenant in situ | £450 pcm rental income | £5,400 annual rental income | Home Report valuation £80,000 | One bedroom | First-floor flat | Approx.
43m2 | Gas central heating | Double glazing | Rear communal grounds | External store and shed. Tenure: Freehold
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 11, Smithfield, Kintore, Inverurie
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