135 Garthdee Drive, Aberdeen, Aberdeen City AB10 7HT

Description

Excellent opportunity to purchase this keenly priced three bedroom ground floor flat in a popular residential setting. The property requires structural remediation, but offers great potential for refurbishment and improvement, appealing to investors, developers and experienced buyers seeking a project. Please note: The property has known structural issues and is currently considered non-mortgageable. Prospective purchasers should satisfy themselves as to the nature and extent of the structural defects, the cost of any remedial works and the availability of suitable funding before proceeding. Cash buyers or purchasers with appropriate alternative finance are likely to be best suited.

Accommodation

Communal entrance, reception hall with storage, spacious lounge with balcony, dining sized kitchen, bathroom, and three well proportioned bedrooms.

Location

Garthdee Drive is located in a popular residential area to the south-west of Aberdeen city centre, conveniently located for Robert Gordon University, local shops and the Bridge of Dee retail park. The area benefits from regular public transport, nearby recreational facilities and access to the Aberdeen Western Peripheral Route, providing connections across the city and beyond.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or formal valuation evidence supplied. GDV cannot be reliably estimated, particularly given the known structural issues and non-mortgageable status. Nearby advertised three-bedroom rents range from £795 to £1,110 pcm, but these are asking rents and not property-specific achieved rents.

Investment Snapshot

Strategy Recommendation

Proceed only after a full structural survey, legal-pack review and priced remediation plan. Treat as a specialist cash or alternative-finance project rather than a conventional mortgage BTL.

Works Required

Obtain structural investigation and specification, complete required structural remediation, then undertake supported refurbishment and statutory/ safety works. Costs cannot be estimated from the evidence supplied.

Rental & Market Context

Potential BRRR Position

BRRR is currently unsuitable to quantify: the property is explicitly non-mortgageable, structural remediation costs are unknown, and no supported GDV is available. Refinancing assumptions cannot therefore be calculated.

Buy-to-Let Analysis

Potential post-works rental evidence is £795–£1,110 pcm from advertised listings, but these are not achieved rents and may not be directly comparable. A reliable BTL yield cannot be established without structural costs, GDV, finance costs and confirmed rentability.

Flip Analysis

A flip appraisal cannot be completed because there are no completed-sale comparables, no supported GDV, no structural works estimate and no selling-cost allowance. The known structural risk materially limits underwriting certainty.

Investor Risks & Due Diligence

• Known structural defects with unknown remediation scope and cost

• Property is currently considered non-mortgageable

• No completed-sale comparables or supported GDV

• Rental evidence is advertised asking rent rather than achieved rent

• Buyer admin charge is subject to a £3,600 minimum, with possible additional disbursements and legal charges

• Current EPC rating E

Recommendation

Proceed only after a full structural survey, legal-pack review and priced remediation plan. Treat as a specialist cash or alternative-finance project rather than a conventional mortgage BTL.

Strategy Rating

Analysis Confidence

Structural scope, costs, completed-sale comparables, confirmed rent, occupancy and legal-pack charges are unavailable.