Flat 6, Trinity House, Trinity Quay, Aberdeen, Aberdeen City

Description

A one-bedroom second floor flat within Trinity House, a listed granite building on Aberdeen's Trinity Quay. The building dates from around 1890 and was converted into flats in the 1990s. The property is accessed via a secure-entry communal hallway and stairwell. Internally, the accommodation comprises an entrance hallway, a living room with a sash window overlooking the quay, a kitchen fitted with a range of wall and base units, oven and hob, a double bedroom and a shower room with an electric shower. The gross internal floor area extends to approximately 35 sq m. The flat is neutrally decorated throughout and benefits from electric heating, double glazed timber windows with secondary glazing.

Accommodation

Entrance hallway, living room with a sash window overlooking the quay, kitchen fitted with a range of wall and base units, oven and hob, double bedroom, and shower room with an electric shower. Gross internal floor area approximately 35 sq m.

Location

Trinity Quay sits on Aberdeen's harbourfront, at the foot of the city centre. Union Square shopping and leisure centre, Aberdeen railway station and the city bus station are all within a short walk. Union Street, the Castlegate and Shiprow, home to the Aberdeen Maritime Museum, are close by, offering a wide range of shops, bars, restaurants and amenities. The location is well placed for the harbour, the city's energy and offshore employers, and the wider city centre workforce.

Tenure / Property Information

Investment Analysis

The £39,500 guide is the only supplied pricing evidence. No completed sales or sufficiently specific rental comparables are provided, so market value/GDV cannot be independently established. The auctioneer rent estimate is £473.72 pcm, but is not passing rent.

Investment Snapshot

Strategy Recommendation

Potentially suitable for income-led assessment only, subject to independently verifying achievable rent, service charges, condition, title and all auction fees. Do not rely on a flip or BRRR strategy without valuation evidence.

Works Required

No specific refurbishment works are evidenced. Verify condition, communal areas, listed-building restrictions and legal-pack requirements before bidding.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or refinance valuation is provided. The 3.6% buyer administration charge is £1,422 at the guide, before any disbursements or other legal-pack charges.

Buy-to-Let Analysis

At the £39,500 guide, the auctioneer’s £473.72 pcm rent estimate implies a 14.39% gross yield before fees, finance, service charges, maintenance, voids and tax. This is only an estimate, with no specific external rental comparable or passing tenancy evidence supplied.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale evidence, GDV or supported works and selling-cost allowance is provided.

Investor Risks & Due Diligence

• The auctioneer rent estimate is not passing rent and has no sufficiently specific external comparable support.

• Service charges and communal repair liabilities are not supplied.

• The building is listed, which may restrict alterations or repairs.

• Electric heating may affect tenant demand and operating costs.

• Disbursements, searches, seller-cost reimbursements, legal fees and transfer fees may be payable but are not quantified.

• Condition and legal title should be verified from inspection and the legal pack.

Recommendation

Potentially suitable for income-led assessment only, subject to independently verifying achievable rent, service charges, condition, title and all auction fees. Do not rely on a flip or BRRR strategy without valuation evidence.

Strategy Rating

Analysis Confidence

The property description, guide price and auctioneer rent estimate are supplied, but there are no sold comparables, specific rental comparables, GDV, works budget, occupancy details or complete fee schedule.