29 Feb 2024

Buy-to-let opportunities for property investors

The most recent Citylets rental market report reported average rents in Aberdeen have increased by 9.8% during the past year and 20.7% over 5 years. However, despite this, they remain 16.1% lower than 10 years ago, just prior to the oil industry downturn.

The reason average rents have increased during the past year is mainly due to the severe shortage of available rented properties to meet the ever-increasing demand from people looking to rent. Also released recently was the Aberdeen Solicitors Property Centre’s Aberdeen Housing Market Report which provides a summary of the activity in the North East’s housing market. They reported that the annual price change in Aberdeen had been -3.1% and the annualised house price change over five years was 1%.

These figures appear to support those who believe that Aberdeen currently offers great opportunities for property investors who are looking to add to their portfolios and immediately achieve good yields, with further growth likely.

Below are a selection of properties currently available for sale which we believe would make good buy-to-let investments.

Aberdein Considine offers a unique ‘all under one roof’ property, legal and financial service for landlords. Please contact us to find out more.

14 Holburn Road, Aberdeen, Attic Floor Right, AB10 6EX

Bedrooms - 1

Purchase price - £79,999

Rental - £600

Yield - 9%

EPC - C

14 Holburn Road