Property Details: • Type: Flat • Tenure: FREEHOLD • Floor Area: 463 sqft
Key Features:
Location: • Nearest Station: Inverurie Station • Distance to Station: 3.398855558296747 miles
Agent Information: • Address: 4 Redheughs Rigg Edinburgh EH12 9DG
Full Description: An excellent opportunity for buy-to-let investors, this tenanted one-bedroom first-floor flat is situated at 11 Smithfield in Kintore, within easy reach of local amenities and transport connections.<br /><br />Currently occupied and generating £450 per calendar month, equivalent to £5,400 per annum, the property offers an established rental income from day one. The Home Report provides a market valuation of £80,000, making this an attractive proposition for investors seeking a straightforward addition to their portfolio.<br /><br />The accommodation extends to approximately 43m² and comprises an entrance hallway, living room, one bedroom, fitted kitchen and shower room. The property forms part of a purpose-built first-floor block of four units and is of traditional solid stone construction with a pitched slate roof.<br /><br />Internally, the kitchen is fitted with a range of base and wall-mounted units with laminate worktops, while the shower room incorporates a WC, wash-hand basin and shower cubicle with electric shower. The flat benefits from mains gas central heating, with a gas-fired boiler supplying radiators and domestic hot water throughout.<br /><br />Further features include double-glazed UPVC windows, rear garden and communal ground areas, together with a timber shed and external stone-built store.<br /><br />The property is located within a mixed residential and commercial area of Kintore, with a range of everyday amenities available within the town.<br /><br />For investors considering longer-term potential, nearby sales provide useful context: 21 Smithfield, Northern Road sold for £100,000 in April 2025, while 9 Smithfield, Northern Road sold for £102,000 in August 2021.*<br /><br />The Home Report notes a number of Category 2 items requiring future attention, including localised dampness and elements of the roof, chimney, rainwater fittings and other areas. Prospective purchasers should review the full Home Report and obtain any appropriate specialist advice or estimates before offering. No Category 3 items are identified in the condition summary.<br /><br />Overall, this represents an appealing opportunity to acquire an income-producing one-bedroom property with a tenant already in situ, combining an established rental income with potential for longer-term capital growth.<br /><br />Key investment details: Tenant in situ | £450 PCM rental income | £5,400 annual rental income | Home Report valuation £80,000 | One bedroom | First-floor flat | Approx. 43m² | Gas central heating | Double glazing | Rear communal grounds | External store and shed.<br /><br />Tenure: Freehold
