Studio flat · AB24 3NR
For saleListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting investment opportunity has arisen to acquire an established portfolio of 8 flats all in close proximity to Aberdeen University.
Seven of the eight flats are currently tenanted, generating an annual income of around £52,200 at full occupancy. There is scope to materially increase the rents on the portfolio.
All flats are presented in good order and can be viewed at a buyer's request.
53 Erskine Street, Aberdeen, AB24 3NR Currently let at £500 pcm 1 bed flat 49 Erskine Street, Aberdeen, AB24 3NR Currently let at £405 pcm 1 bed flat 44 Elmbank Terrace, Aberdeen, AB24 3NN Previously let at £1,000 pcm 3 bed flat.
Vacant. HMO.
28 Merkland Road East, Aberdeen, AB24 5PT Currently let at £450 pcm 1 bed flat 20 Orchard Street, Aberdeen, AB24 3DL Currently let at £475 pcm 1 bed flat 1 Erskine Street, Aberdeen, AB24 3NP Currently let tat £500 pcm 1 bed flat 39 Erskine Street, Aberdeen, AB24 3NR Currently let at £500 pcm 1 bed flat 33 Erskine Street, Aberdeen, AB24 3NP Currently let £520 pcm 1 bed flat Aberdeen is a city in the north-east of Scotland and is often known as the “Granite City” because many of its buildings were constructed using locally quarried grey granite.
Located on the North Sea coast, Aberdeen has a rich maritime history and has long been an important centre for fishing, shipbuilding, and trade.
In the late twentieth century, the discovery of North Sea oil transformed the city into a major hub for the energy industry, bringing economic growth and international investment.
The city is home to the historic University of Aberdeen, one of the oldest universities in the English-speaking world.
Aberdeen also offers a variety of cultural attractions, including museums, galleries, parks, and theatres. Its sandy beach and nearby countryside provide opportunities for outdoor recreation.
Today, Aberdeen combines its historic heritage with modern industry and innovation, making it one of Scotland's most important and dynamic cities.
VIEWING: Strictly by appointment with Geo & Jas Oliver WS. FIXTURES & FITTINGS: Included in the sale are all carpets, lighting and bathroom fittings.
HOME REPORT: As the properties are being sold as a portfolio, there is no requirement to provide a home report. EPC: Available up on request VIEWING: By appointment with Geo and Jas Oliver W.S.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About Eight Property Investment Portfolio, Aberdeen, AB24 3NR
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