1 bedroom apartment for sale

£48,000 Offers over

1

Bedrooms

Ideal first time buy or investment opportunity 'Floorplan will be added'

Located in the heart of Aberdeens sought-after West End, this well-proportioned one-bedroom second-floor flat presents an excellent investment opportunity. Situated within a traditional granite tenement, the property is ideally placed for access to the city centre, both universities, and a range of local amenities including cafes, shops, and public transport links.

Esslemont Avenue lies within the vibrant Rosemount area, one of Aberdeens most desirable and characterful neighbourhoods. Known for its charming granite buildings and strong sense of community, Rosemount offers an appealing mix of independent shops, cafes, and local amenities, all within easy walking distance. The area is particularly popular with professionals and students due to its proximity to the city centre, Aberdeen Royal Infirmary, and both the University of Aberdeen and Robert Gordon University.

With excellent public transport links and a range of green spaces nearby, including Victoria and Westburn Parks, Rosemount combines city living with a relaxed, village-like atmosphere - making it a consistently high-demand location for both renters and homeowners alike.

KITCHEN Compact and functional, the galley-style kitchen is fitted with base and wall units providing storage and worktop space. A freestanding electric cooker is in place along with a stainless steel sink positioned beneath a large window, allowing in plenty of natural light. While the kitchen would benefit from modernisation, it offers a practical layout and scope for improvement, ideal for investors looking to add value.

LOUNGE The well-proportioned lounge enjoys a bright and airy feel, enhanced by a large front-facing window that draws in natural light. With ample space for both seating and dining areas, this versatile room serves as a comfortable living space. Traditional features such as high ceilings and decorative cornicing may be present, adding character to the room. A neutral decoration provides a simple foundation for personal touches or further enhancement.

BEDROOM The generously sized double bedroom offers a peaceful rear-facing aspect, ideal for restful nights. There is ample space for free-standing furniture, including wardrobes and drawers, making it a practical and comfortable room. With scope for cosmetic updates, the bedroom provides a great opportunity to tailor the space to suit either owner-occupier or tenant preferences.

BATHROOM The bathroom comprises a white three-piece suite including a bath with electric shower over, glass screen, WC and wash-hand basin. The room is partially tiled for easy maintenance and features a built-in cupboard for useful storage. As with the kitchen, the bathroom presents a blank canvas for refurbishment and personalisation.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 39900

Mortgage Loan to Value

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Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1200
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 3900
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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