Baldovan Terrace, Stobswell, Dundee
Our client in Singapore was looking for a high yielding investment property in a good rental location. As a first investment with New Town, they wanted to dip their toe in the water with an initial cash purchase of £100,000 to include all purchase and start up costs. We sourced this fantastic 2 bed apartment next to the popular Baxter Park in Dundee. It needed a good freshen up including full décor, joinery, and some repair work to be carried out ahead of renting out. It was quickly snapped up by tenants after only 2 weeks of advertising.
Here are the headline stats:
Bedrooms: 2
Purchase Price: £81,500
Refurbishment: £8,405
Target Rent: £800 per month
Rental Yield: 10.7%
Total outlay: £107,166 (cash purchase)
Actual Rent achieved: £850 per month
Actual Yield: 11.3%
*Total outlay includes purchase price, legal fees, LBTT Stamp Duty, sourcing fee, refurb, and furnishing
