We sourced, renovated, and furnished this beautiful, traditional style 2 bed apartment for our client in Saudi Arabia. His key investment goal was to invest in a property that would give him a strong rental return along with good potential for capital growth. Dennistoun in Glasgow was a great choice for him give the gentrification that the area has been seeing over the last few years. The area is particularly popular with young professionals and students and ticked all the right boxes for our client. It rented within a day of viewings, and it achieved over the target rent.
Here are the headline stats:
Purchase price: £185,000
Renovation: £3,500
Proposed rent: £995 per month
Achieved rent: £1,175 per month
Proposed yield: 6.5%
Achieved yield: 7.6%
The total outlay including start up costs, with a 75% LTV mortgage in place was £82,500
