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See how verdicts work2-bedroom flat · AB11 5PL
For saleReduced £4k (−4.5%) on 8 OctListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented first floor flat situated in the heart of Aberdeen’s vibrant Merchant Quarter, offering convenient city centre living.
This freehold property comprises two generously proportioned double bedrooms and a recently upgraded shower room, designed with modern fixtures for comfort and style.
The spacious living room is thoughtfully arranged on a semi open plan to the kitchen, providing an inviting environment for both relaxation and entertaining.
Excellent storage solutions feature throughout the flat, ensuring practical and versatile accommodation. Heating is provided by recently upgraded electric heaters and boiler.
Zone or permit parking options are available nearby, adding further convenience for residents seeking access to the numerous city’s amenities.
Located in Aberdeen city centre, this property enjoys proximity to a wide range of shops, restaurants, and cultural attractions.
Excellent transport links are available nearby, supporting effortless travel throughout the city and beyond.
The Merchant Quarter is esteemed for its historical significance and dynamic atmosphere, making it an attractive choice for those pursuing both urban convenience and distinctive character.
Note home report - The home report is available to view on the Northwood website portal ( within the listing and select "View home report".
Viewings are highly recommended to appreciate this spacious apartment in ready to move in condition and providing easy access to local amenities.
Please contact Northwood Aberdeen to arrange a viewing. All items of furniture can be included in the sale. EPC rating: D.
Entrance Hallway Entered by way of a solid door from the communal staircase, this hallway is carpeted and has two large storage areas, one housing the electrical consumer unit and the second providing storage and coat hooks.
A third cupboard houses the how water tank.
Living Room (6.66m x 4.15m (21'10" x 13'7")) A wonderfully spacious living area with large secondary glazed window to the front and two decorative light fittings. Carpeted flooring and storage heater.
Dining Kitchen (4m x 3.51m (13'1" x 11'6")) The kitchen is partially separated from the living area by a glazed panel creating an interesting feature.
The kitchen has ample space for dining and is fitted with a range of wall and floor units with matching surfaces. Space for washing machine, dishwasher and fridge.
Stainless steel single drainer sink with tiled splashbacks. Electric oven and hob with hood over. Two ceiling spotlight fitments.
Bedroom 1 (4.9m x 2.36m (16'1" x 7'9")) Spacious double sized bedroom with large secondary glazed window looking to the front. Fitted wardrobe with mirrored sliding doors.
Electric panel heater and pendant light. Carpeted floor.
Bedroom 2 (5.01m x 2.42m (16'5" x 7'11")) Further double sized bedroom again with fitted wardrobe with mirrored sliding doors and window to the front.
Carpeted floor, electric heater and pendant light.
Shower Room (3.04m x 2.19m (10'0" x 7'2")) A wonderfully spacious shower room with large shower cubicle, electric shower and surrounding tiled walls, WC and wash hand basin in vanity unit with mirror over, and heated towel rail.
Vinyl flooring and recessed ceiling lighting. External Externally the communal staircase is managed by a factoring company.
Additional exclusive storage for this property is available located nearby in the hallway.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
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
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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 Flat 1, 32-40, Market Street, Aberdeen
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