Richmond Street, Aberdeen, AB25

Portolio is pleased to present this two-bedroom, second-floor flat in Aberdeen, offered for sale as a tenanted buy-to-let investment. With tenants in place since April 2024, the property provides an established rental income from day one, making it an opportunity for investors looking to add an income-producing asset to their portfolio. The property has a Home Report value of £95,000 and currently generates rental income of £748.10 per calendar month, equivalent to £8,977.20 per annum. The accommodation extends to approximately 54 sqm and comprises an entrance vestibule, hallway, living room, separate kitchen, two bedrooms and a bathroom with WC. Built circa 1984, the property benefits from double-glazed timber windows, gas central heating and hot water provided by a Glow-worm Energy 30C combination boiler. Private residents’ parking is an additional practical feature. 

Aberdeen offers investors a different proposition from Scotland’s larger, higher-priced property markets, with relatively accessible property values and an established private rented sector. The city’s economy has long been associated with the oil and gas industry, supporting demand from energy-sector workers and a wider network of professional and technical businesses. The North Sea energy sector remains an important part of the region’s economic story. The UK Government has recently approved production at the Jackdaw gas field, located offshore in the North Sea. The project is expected to begin supplying gas to British homes and businesses from this winter and is intended to support domestic energy supply and employment across the sector. Alongside the continued role of oil and gas, Aberdeen and the wider North East of Scotland are also developing opportunities in renewables and the broader energy transition.