Portfolio
6x Flats in Aberdeen - AB10, AB24 & AB25
£520,000 GDV
6x 1 bed flats in Aberdeen city centre, purchased in 2023. 5 purchased on a bridging loan and 1 purchased cash.
1. Baker Street, AB25 1UQ
2. Esslemont Avenue, AB25 1ST
3. Thistle Place, AB10 1UZ
4. Union Grove,…
Description
Type
Portfolio
Location
Aberdeen
GDV(Gross Development Value)
£ 520,000
Purchase Price
£ 296,150
6x 1 bed flats in Aberdeen city centre, purchased in 2023. 5 purchased on a bridging loan and 1 purchased cash.
1. Baker Street, AB25 1UQ
2. Esslemont Avenue, AB25 1ST
3. Thistle Place, AB10 1UZ
4. Union Grove, AB10 6TR
5. Wallfield Place, AB25 2JP
6. Elmbank Terrace, AB24 3PL
Purchase Price = £296,150
Current Value = £395,000 (lender's valuation)
Post Refurbishment Value = £520,000 (confirmed by lender)
Each flat requires on average of just under £10,000 spend on refurb.
UPDATES COMING SOON